Sebi proposes stricter IPO norms as startups listings gather pace

The Securities and Exchange Board of India (Sebi) has proposed to tweak guidelines governing preliminary public choices (IPOs) with an purpose to usher in extra transparency and accountability. The market regulator is in search of a cap on the quantity corporations, primarily startups, increase for inorganic progress initiatives and likewise the quantum present shareholders can offload within the IPO. Further, Sebi has proposed to extend the lock-in interval for anchor buyers from 30 days at current to 90 days. It has additionally known as for excellent monitoring of IPO proceeds.

Tags: GatherIPOlistingsnormspaceproposesSebistartupsstricter

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