November 22, 2024 23:35 (IST)
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SEBI mulls new regulations to curb risks amid surge in small IPOs

SEBI mulls new regulations to curb risks amid surge in small IPOs

Mumbai/IBNS: The Securities and Exchange Board of India (SEBI), the regulatory body for securities and commodity market in the country, is contemplating stricter oversight for micro-cap firms going public, which includes enhanced monitoring of how their funds are used and tougher due diligence requirements for merchant bankers, the Economic Times reported, citing a source involved in the discussions who requested anonymity due to the confidential and sensitive nature of the information.