Sebi ups scrutiny of IPO docs
Mint Mumbai|February 13, 2024
The market regulator Securities and Exchange Board of India (Sebi) is increasing scrutiny of issue documents filed by companies going public, four people said on Monday, amid a rise in initial public offerings (IPOs) in the Indian market.

The country's surging stock market prompted nearly 50 companies to launch public issues in 2023; eight issues have been completed so far this year and another 40 are waiting for clearance from Sebi.

"The regulator has returned at least six public offer documents, as Sebi observed companies are misleading in their reasons for fundraise," said the first of the four people cited above.

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