Reported 28 days ago
India's securities regulator is considering new rules to enhance oversight of micro-cap IPOs, amidst concerns about fraud and market manipulation. The proposed measures include stricter due diligence for merchant bankers, monitoring fund usage, and a push for longer profitability records. This comes as the micro-listing market has surged post-pandemic, raising alarms over the quality and financial viability of these small firms. Discussions are still early-stage, aiming to find a balance between investor protection and market growth.
Source: YAHOO