NISM Series IX Merchant Banking Mock Test 2026

The NISM Series IX Merchant Banking certification is intended for professionals working with SEBI registered merchant bankers on issue management and corporate advisory. Like other NISM examinations it is offered on a rolling basis at test centres across India, so your exam date is the slot you book rather than a fixed national date.

Merchant banking is a transaction focused certification. The workbook covers the regulatory framework for merchant bankers, public issue management including the roles and timelines of an IPO, pricing mechanisms including book building, rights issues, preferential allotment and buybacks, takeover regulations, and delisting.

Set 1 of this series is free and runs on the real exam pattern, with an explanation on every answer and a unit wise score report so you can see which chapters of the workbook still need another pass.