Of the total 199 small and medium enterprises (SMEs) listed this year so far, 22 had an issue size of less than ₹10 crore, a limit below which the Securities and Exchange Board of India (Sebi) may no longer allow SMEs in the listed ecosystem.
The market regulator on Tuesday proposed an overhaul of the rules governing the initial public offerings (IPOs) of SMEs and corporate governance norms for listed SMEs, following concerns over 'systemic risk' seen in the ecosystem with instances of fund diversion and price manipulation.
While industry players welcomed the review on corporate governance and transparency, many SME firms said the move will make it extremely difficult for them to raise funds and burden them with compliance issues.
Denne historien er fra November 21, 2024-utgaven av Business Standard.
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Denne historien er fra November 21, 2024-utgaven av Business Standard.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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