NISM Series XII (SMF) case studies
NISM Series XII (SMF) · Put your knowledge to work in context.
NISM Series-XII, the Securities Markets Foundation Certification Examination, is one of the certification examinations listed by the National Institute of Securities Markets (NISM) under its "Basics of Securities Markets" category. NISM itself is a public trust established in 2006 by the Securities and Exchange Board of India (SEBI), the regulator of the securities markets in India, and it carries out capacity building activities aimed at enhancing quality standards in securities markets. The NISM Series XII (SMF) case studies are 5 cases and about 4,430 words.
1The 40-Share Allotment: Retail IPO Allocation in an Oversubscribed Book
Meera, a first-time retail investor, applies for 200 shares (five lots of 40) in the Rs 450-per-share mainboard IPO of a logistics company on the final day of bidding, using UPI-based ASBA through her bank. At close, the retail portion is subscribed 8.1 times and the issue overall 11 times.
874 words, about 4 min2Short Delivery on Pledged Shares: Auction, Close-Out and Who Pays
Rahul holds 500 shares of a mid-cap engineering company, bought at Rs 640, in a demat account with DP Delta. In February he pledged 200 of those shares to his bank as collateral for an overdraft, and the pledge still shows as pledged in his DP statement.
877 words, about 4 min3Gift, Pledge and Sale: What a POA Does and Does Not Allow
Ananya holds 1,500 shares of a pharma company in a demat account with DP Alpha, and trades through broker Beta, whose own demat account she does not use. In the same week she plans three transactions: sell 500 shares through Beta; gift 300 shares to her nephew, who has an account with DP Gamma, a depository participant of the other depository; and pledge 600 shares to a bank for a Rs 5 lakh loan.
902 words, about 5 min4Bonus, Dividend and a Purchase on the Ex-Date
Karan has held 800 shares of PQR Ltd since September, in dematerialised form. On Wednesday 10 May the company announces a 1:1 bonus issue with a record date of Friday 19 May, and a dividend of Rs 5 per share with the same record date.
852 words, about 4 min5The Square-Off That Followed a Shared OTP
On 12 March, Neha, a salaried investor, finds that 700 of her 1,000 shares in a small-cap company have been sold from her demat account, and that Rs 18,400 has been debited in her trading ledger. She never placed the order and was out of the country that week.
925 words, about 5 min