even after the IPO. In terms of allocation, the methodology for non-institutional investors will now be aligned with the approach used in mainboard IPOs, ensuring uniformity in the treatment of such investors.
In a step to limit the potential end-use of IPO proceeds, Sebi introduced a cap on the amount that can be raised for general corporate purposes (GCP). The GCP amount will be restricted to 15% of the total raised amount or ₹10 crore, whichever is lower. The regulator also prohibited SME IPOs that aim to use the proceeds to repay loans from promoters, promoter groups, or related parties.
To enhance transparency, Sebi mandated that the draft red herring prospectus (DRHP) for SME IPOs must be open for public review for 21 days, during which the public can provide comments. Additionally, SMEs will be allowed to remain listed without migrating to the mainboard, provided they comply with the listing rules governing main-board companies.
Esta historia es de la edición December 19, 2024 de Mint Chennai.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición December 19, 2024 de Mint Chennai.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
This could be the best core exercise you've never done
A modification of the Zercher squat, the 'ab squat' is a dynamic workout that completely engages your core
For a balanced life, take the heroine's journey
Living a life not attuned to nature's cycles can affect the body and cause digestive issues as well as mental stress
Now, tech tools to test cortisol, soothe anxiety
A range of tech tools for mental health will be showcased at CES '25 in Vegas
Welfare programmes impact the retail prices relevant to people
India must update its inflation metrics to reflect actual consumption expenditure patterns for superior policy formulation
Expect Trump's crackdown on immigration to be disruptive
He is far better placed to act swiftly and harshly this time around
AIF industry: At risk of death by a thousand circulars
Alternative investment funds generate value but have been dealt a harsh blow by over-regulation
Tweaked for flexibility, NPS awaits tax clarity
This funded pension scheme now offers access to low-cost fund management with its option of staggered withdrawals of what was once a lump-sum. Good. Let's keep its taxation benign
Ten big GenAI developments we saw within the span of a month
Its evolution didn't even pause for a year-end break as the AI wave began turning into a tsunami
Rupee depreciation is inevitable but its volatility is not
RBI should restrain its active forex management while the Centre aims to attract more dollars
Simplifying Taxes: Key Challenges for Budget 2025
The focus is on how the Centre overhauls the new tax regime to attract more taxpayers
