NISM Series 12 Securities Markets Foundation Certification Exam Notes

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  • QIP Advantages: QIPs allow quick capital raising from institutional investors.
  • Regulatory Relaxations: SEBI may relax norms for specific issues, except KYC/AML.
  • Investor Categories: Issues allocate shares to retail, non-institutional, and institutional investors.
  • Bidding Process: Investors bid within price bands in book-building issues.
  • Allotment Advice: Notifies successful applicants of their share allocation.

NISM 12 Securities Markets Foundation

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