n NISM Certifications
X NISM Series X
Medium

When an oversubscribed public issue is allocated, who decides the allotments and communicates rejections?

Practice question from NISM Series XA- Investment Adviser (Level 1) Mock Test 4 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Underwriter to the issue

  2. B

    SEBI

  3. C

    Bankers to the issue

  4. Registrar and Transfer Agents

    Correct answer

Why this is the answer

R&T agents handle the basis of allotment process, especially in oversubscription scenarios.

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