Mumbai: The Securities and Exchange Board of India (Sebi) has tightened the eligibility criteria for stocks to be a part of the futures and options (F&O) segment. The regulator wants stocks that are part of the derivatives market to be more liquid and traded by a wide set of market participants to prevent manipulation and … Read more
Ashvin Parekh, Managing Partner, Ashvin Parekh Advisory Services, says we will have to get to a point where the regulator, merchant bankers, and the issuers themselves to start with, and thereafter, the media, social media particularly, will have to play a significant place. Otherwise, what was intended to be a good reform because of the … Read more
The SME IPO index, which hit the 1 lakh mark recently, was one of the few indices trading lower in the market on Thursday, where Nifty hit a fresh record high. The pessimism in the SME market comes after Sebi issued a warning to investors against blindly investing in SME stocks, where promoters of some … Read more
As massive subscription numbers for SME IPOs have left many old-timers dumbfounded, market regulator SEBI on Wednesday warned investors against promoters who paint an unrealistic picture of their operations. “It has come to the notice of SEBI that, post listing, some of the SME companies and / or their promoters have been resorting to certain … Read more
ET Intelligence Group : For those amazed at the overwhelming 400-times oversubscription of the ₹12-crore SME IPO of Resourceful Automobile, a two-wheeler dealer with just two Yamaha showrooms and eight employees, such oversubscription is no longer considered an exception in the Indian primary market. Data sourced from Prime Database show that 152 SME IPOs have … Read more
Sebi’s whole-time member Ashwani Bhatia on Friday asked chartered accountants to be more diligent while auditing companies listed on the SME exchange platforms. Addressing an industry event of CAs, Bhatia said it is important to look at the listed SMEs (Small and medium-sized enterprises) in a more careful way because the same companies will grow … Read more
Concluding that industrialist Anil Ambani, who had declared himself bankrupt before a UK Court back in February 2020, orchestrated a fraudulent scheme to siphon off funds from Reliance Home Finance, markets regulator Sebi has barred him from the securities market for five years. The regulator has also imposed a hefty penalty of Rs 25 crore … Read more
Market regulator Securities and Exchange Board of India (Sebi) has imposed a penalty of Rs 11 lakh on IIFL Securities after finding the company in violation of stock brokers’ norms. Sebi conducted an inspection of IIFL Securities between August 18 and August 25, 2022 to look into various compliance requirements for the period beginning April … Read more
Leading biofuel producer TruAlt Bioenergy Ltd has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering (IPO). The IPO is a mix of fresh issuance of equity shares worth Rs 750 crore and an offer for sale (OFS) of up to 36 lakh equity shares by promoters, according … Read more
The Financial Services Commission (FSC) of Mauritius said IPE Plus Fund and IPE Plus Fund 1, which were mentioned in the Hindenburg report as investment vehicles in which Sebi chief Madhabi Puri Buch and her husband Dhaval Buch were investors, are not licensees of the regulator and are not domiciled in Mauritius. The Mauritius regulator, … Read more
