Mumbai: After his first board meeting as Chairman of Securities and Exchange Board of India, Ajay Tyagi, on April 26, announced a slew of reforms, including introduction of options trading in the commodity market and a unified licence regime for equity and commodity brokers. SEBI will also monito…
Tag: qualified institutional buyers (QIBs)
Infobeans Tech IPO subscribed 31 times; mops up Rs 1,100 cr
The initial public offer of Indore-based Infobeans Technologies has garnered a whopping subscription of Rs 1,100 crore, making it one of the highest mop-ups in share sale by a small and medium enterprise (SME). The company received bids for 19 crore scrips against the total issue size of 63.48 la…
Start-ups seek easier institutional ownership for IPO regulations
Start-ups want markets regulator Sebi to ease minimum institutional ownership criteria to qualify for launching an initial public offering (IPO). Currently, regulations mandate a company to have a 50% institutional ownership in order to launch an IPO. However, many small start-ups are funded by a…