Class 11 fmm notes, chapter 2 (Primary and Secondary Market) Part -2
Hello guys these are the notes of chapter 2 of class 11 fmm. Class 11 fmm notes chapter 2 (Primary and Secondary Market) How does one know if share are allotted in IPO/ offer for sale ?What is the time frame for getting a refund if shares not allotted? The basis of allotment should be completed within 8 days from the issue close date. As soon as allotment is completed within 2 working days the details of credit to demat account needs to be completed. It takes 11 days from the closure of issue for get to know if shares not alloted. It takes 12 working days to get the shares listed after issue. What is the role of a 'Registrar' to an issue? The registrar finalizes the list of eligible allottees after deleting the invalid applications and ensures that the corporate action for crediting of shares the demat account of the applicant is done. NSE operates a fully automated screen based trading system called NEAT IPO. Part -1 notes of chapter 2 Book building through the NSE syst