SEBI to overhaul SME IPO framework
SEBI has suggested setting the face value of IPO shares at ₹10 per share and limiting the offer-for-sale (OFS) component to 20-25% of the total issue size.
SEBI has suggested setting the face value of IPO shares at ₹10 per share and limiting the offer-for-sale (OFS) component to 20-25% of the total issue size.
UPSI refers to non-public information about a company or its securities that, when disclosed, could significantly impact their market price.
The consultation paper also covers eight key areas related to the interests of AMC employees and unit holders, focusing on easing compliance for AMC staff.
To curb unregistered advice and unauthorised market claims, SEBI released a consultation paper outlining measures like a verified label or badge system for SEBI-registered entities on Tuesday.
The framework, effective January 12, 2025, aims to strengthen oversight of MIIs, while protecting public and foreign interest limits in India's financial infrastructure.
SEBI has also mandated that investors will provide their UPI ID, linked to their bank account, in the bid-cum-application form submitted to intermediaries.
Any restraint imposed on Anil Ambani in the SEBI order shall not come in the way of resolution or revival plan that has been or will be approved.