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NISM Certifications · NISM-Series-VI: Depository Operations · Special Services - Public Offering / Corporate Actions

A company's shares are being listed after an IPO. Allotted shares are credited to the successful applicants' demat accounts. Who gives the depository the details of the allottees for this credit?

The issuer, acting through the registrar to the issue, provides the allotment details to the depository after the basis of allotment is finalised. The depository then credits shares to the allottees' demat accounts. Exchanges, DPs and SEBI do not supply this credit data.

  1. AThe stock exchange on which the shares list
  2. BThe registrar to the issue or issuer, as the corporate action data sourceCorrect
  3. CThe investor's DP, based on a client instruction
  4. DSEBI directly

Explanation

After finalising the basis of allotment, the issuer through its registrar to the issue sends allotment details to the depository, which credits the BO accounts. Exchanges, DPs and SEBI do not supply allottee credit data.

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