NISM Series 12 Securities Markets Foundation Certification Exam Notes

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  • Lead Managers: Merchant bankers appointed as lead managers oversee the issue.
  • Firm Allotment: Reserved shares for institutions or employees in public issues.
  • Lock-in Periods: Promoters’ shares may be locked in post-IPO to ensure commitment.
  • Underwriting Agreement: Underwriters commit to buying unsold shares for a fee.
  • Credit Rating Mandate: Debt issues require ratings to assess default risk.

NISM 12 Securities Markets Foundation

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