AS expected, the Securities and Exchange Board of India (Sebi) has tightened the regulations governing Initial Public Offerings (IPOs) for Small and Medium Enterprises (SMEs).
In its Board meeting on Wednesday, the capital market regulator introduced profitability requirements as well as put a cap on shares to be sold through the offer for sale (OFS) route.
SMEs will now be required to have an operating profit of at least ₹1 crore for two out of the last three financial years before filing their DRHP.
Also, the OFS size should not be more than 20% of the total issue size.
Additionally, these shareholders can't sell more than 50% of their total holding through the IPO.
Esta historia es de la edición December 19, 2024 de The New Indian Express Bhubaneswar.
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 The New Indian Express Bhubaneswar.
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
Anurag Thakur Set to Contest for Top Post in BFI Elections
In a dramatic twist to Boxing Federation of India (BFI) elections, former sports minister Anurag Thakur's name has been nominated from the Himachal Pradesh Boxing Association (HPBA) as one of the two members of the electoral roll.
NCLAT upholds ICICI Sec delisting, dismisses appeal against NCLT order
IN a major relief for ICICI Bank and ICICI Securities, the National Company Law Appellate Tribunal (NCLAT) on Monday dismissed petitions challenging ICICI Securities' delisting process from the stock exchanges.
User-set limits, age-gating for gamers
WITH an aim to safeguard the interests of over 50 crore Indian gamers, three gaming industry bodies- the All India Gaming Federation (AIGF), the Federation of Indian Fantasy Sports (FIFS), and the E-Gaming Federation (EGF), have jointly adopted a code of ethics (CoE).
WPL: Kaur, Kerr show guides Mumbai home
BHARTI Fulmali's 62 went in vain as Mumbai Indians defeated Gujarat by nine runs in the Women's Premier League on Monday.
Israel to send delegation to Qatar for truce talks
ISRAEL said that it would send a delegation to Qatar on Monday \"in an effort to advance the negotiations\" around the ceasefire in Gaza, while Hamas reported \"positive signals\" in talks with Egyptian and Qatari mediators on starting negotiations on the truce's delayed second phase.
VIL Misses Deadline for ₹6,090 Cr Bank Guarantee
TELECOM service provider Vodafone Idea Limited (VIL) has failed to meet the deadline for submitting a ₹6,090 crore bank guarantee.
India Needs To Keep Its Deficit Target Flexible
HE Fiscal Responsibility and Budget Management Act mandates that India's fiscal deficit be limited to 3 percent of GDP.
RELIEF. REDEMPTION. RAHUL
The 32-year-old rises to the occasion in knockouts, proves why he is one of the best middle-order batters in the world
Row over 'stay indoors' plea to Muslims on Holi
POLITICAL tensions are escalating in Bihar following a senior BJP MLA's request to the minority community to stay indoors during the Holi festival to prevent any untoward incident.
Iran Says Open to Address Concerns on Nuke Program
Does a volte-face hours later, says will not discuss under pressure after US ends sanction waiver for Iraq to buy electricity from neighbour
