SEBI cracks the whip on bogus IPO applications
After Fortune India report on 'bogus IPO applications’, the market regulator says IPO bids will be considered valid only if required money gets blocked in investors' bank accounts.
After Fortune India report on 'bogus IPO applications’, the market regulator says IPO bids will be considered valid only if required money gets blocked in investors' bank accounts.
Bogus applications in LIC, Delhivery, Prudent Corporate Advisory, and Venus Pipes and Tubes range between 30% and 70%, creating an impression of high demand.