NISM Series-IX: Merchant Banking Certification 

Mode of Delivery: Online Live Interactive + Online Self-paced*

Duration: 24 Hours 

Study Materials: 

• Recording available of online live sessions (for 90 days)
• PPTs (500+ Slides)
• 600+ MCQs
• Quick revision summary notes.
• Career Guidance/Counseling

The revised NISM-Series-IX: Merchant Banking Certification Examination establishes a knowledge benchmark for employees working with SEBI-registered Merchant Bankers. The certification is essential for professionals involved in SEBI-regulated activities such as IPOs, public offers, buybacks, delisting, and other capital market functions.

 This examination ensures a comprehensive understanding of merchant banking operations and the regulatory environment.

Upon successful completion of the training, candidates will:

· Understand Merchant Banking Fundamentals: Gain in-depth knowledge of merchant banking concepts, evolution, and significance in India’s capital market.

· Master Issue Management: Learn processes such as IPOs, buybacks, delisting, and regulatory obligations.

· Navigate Regulatory Frameworks: Comprehend SEBI regulations and compliance requirements governing merchant banking.

· Excel in Operational Efficiency: Develop expertise in post-issue compliance, due diligence, and risk management practices.

·Specialize in Advisory Roles: Understand mergers, acquisitions, disinvestment, and stakeholder engagement activities.

Assessment Details:

• 100 Multiple Choice Questions: 1 mark each
• Total Marks: 100
• Duration: 2 Hours
• Passing Score: 60%
• Negative Marking: 25% of marks assigned per incorrect answer

·    Certificate Validity: 3 years

* Online Self-paced contents access will be provided for 90 days to the user only.

Test Objectives:

Upon passing the examination, candidates will:

·  Understand Merchant Banking Fundamentals: Gain in-depth knowledge of merchant banking concepts, evolution, and significance in India’s capital market.

·  Master Issue Management: Learn processes such as IPOs, buybacks, delisting, and regulatory obligations.

·  Navigate Regulatory Frameworks: Comprehend SEBI regulations and compliance requirements governing merchant banking.

·  Excel in Operational Efficiency: Develop expertise in post-issue compliance, due diligence, and risk management practices.

·  Specialize in Advisory Roles: Understand mergers, acquisitions, disinvestment, and stakeholder engagement activities.

Course Details:

• NISM exam registration fees not included in the above mention Course Fee.
• PPTs (500+ Slides), 600+ MCQs and PDFs for practice (mock exams & mock paper shared for self-practice).
• Sessions would cover doubt solving from the Mock Exams.
• Online Interactive Session for the practice on software’s required in particular module

Eligibility:

The NISM-Series-IX: Merchant Banking Certification Examination is suitable for:

·  Associated Professionals:

• Employees of SEBI-registered merchant bankers handling IPOs, buybacks, delisting, or compliance-related functions.
• Partners or staff dealing with issuers and intermediaries in merchant banking activities.
• Designated compliance officers involved in regulatory submissions to SEBI.

·  Aspiring Individuals:

• Students (10th, 12th, Undergraduate, Postgraduate) exploring careers in merchant banking or capital markets.
• Professionals seeking specialization in issue management or regulatory compliance.
• Financial analysts, corporate finance professionals, and investors aiming to deepen their understanding of merchant banking operations.

Curriculum Overview: NISM-Series-IX: Merchant Banking Certification Examination

I. Introduction to Capital Market
Understand the fundamentals of the capital market, its significance, and its role in the financial system.

II. Introduction to Merchant Banking
Learn about the concept and evolution of merchant banking, its growth in India, and the regulatory framework governing merchant bankers.

III. Registration, Code of Conduct & General Obligations of Merchant Bankers
Gain insights into the registration process, code of conduct, responsibilities, and the grievance redressal mechanism, including the SCORES system.

IV. Issue Management – Important Terms
Understand critical terms and concepts related to offerings in merchant banking.

V. Issue Management – Process and Underwriting
Explore issue management obligations, pricing, underwriting, issuance procedures, subscription requirements, allotments, refunds, and compliance processes.

VI. Issue Management – General Obligations of Merchant Bankers and Due Diligence
Study the responsibilities of merchant bankers regarding preferential issues, QIPs, rights issues, and Indian Depository Receipts.

VII. Other Merchant Banking Activities – Mergers, Acquisitions & Takeovers
Examine the processes involved in mergers, acquisitions, and takeovers, including relevant SEBI regulations.

VIII. Other Merchant Banking Activities – Disinvestment, Buybacks, and Delisting
Understand the role of merchant bankers in disinvestment, buybacks, delisting, debt securities issuance, employee benefit schemes, exit opportunities, and SME securities issuance.