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

An investor applying for an IPO wants the allotted shares to be credited in demat form. Which detail must the investor's application correctly contain for the credit to happen?

The application must give the correct DP ID and client ID of the investor's demat account, matching depository records including PAN and name. The allotted shares are credited to that account. Incorrect details can cause rejection of the application or delay in credit.

  1. AThe DP ID and client ID of the demat account matching the details in the depository recordsCorrect
  2. BOnly the name of the DP
  3. CThe folio number of the broker
  4. DThe ISIN of the issuer

Explanation

Allotment in demat form is credited to the account identified by DP ID and client ID, which must match the depository records, including the applicant's name and PAN. Wrong details lead to rejection or delay. The ISIN is allotted to the security, not supplied by the investor.

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