Glossary

B

• Confirmatory Allotment Note (CAN)   CAN is a document received by the investor from the Book Running Lead Manager in case he has been allotted shares within 15 days from the date of closure of a book Built issue. The registrar has to ensure that the demat credit or refund as applicable is completed within 15 days of the closure of the book built issue.  
• Contingent Deferred Sales Charge (CDSC) Exit load imposed by certain funds on shares redeemed within a specific period of purchase. Generally longer the holding period, smaller will be the exit load. Similarly, shorter the holding period, higher will be the exit load.  
• Corpus This refers to the total deployable funds available with a mutual fund at any point of time. This is also termed as AUM (Asset Under Management).  
• Cover Page   The Cover Page of the offer document covers full contact details of the Issuer Company, lead managers and registrars, the nature, number, price and amount of instruments offered and issue size, and the particulars regarding listing. Other details such as Credit Rating, risks in relation to the first issue, etc are disclosed if applicable.  
• Custodian The bank or trust company that maintains a mutual fund's assets, including its portfolio of securities or some record of them. The custodian provides safekeeping of securities and has no role in portfolio management. 
• Cut off Price In Book building issue, the issuer is required to indicate either the price band or a floor price in the red herring prospectus. The actual discovered issue price can be any price in the price band.  or any price above the floor price. This issue price is called “Cut off price”. This is decided by the issuer and LM after considering the book and investors’ appetite for the stock. SEBI (DIP) guidelines permit only retail individual investors to have an option of applying at cut off price.