Promoters' contribution
Not less than 20% of post-issue capital in an IPO, and 20% of either issue size or post-issue capital in an FPO or composite issue — brought in at least one day before the issue opens and held in escrow with a scheduled…
This one is not written up yet
The definition above is the short version. A full explanation — how it works, a worked example and the exam traps — is still being written. In the meantime the chapter below covers it in context.
Where this is taught
Free preparation for NISM Series IX← All terms