look news india
The Securities and Exchange Board of India (SEBI) is considering allowing trading in IPO shares in the days before they are closed and listed on the stock exchange. SEBI Chairperson Madhabi Puri Buch gave this information on Tuesday.
At present there is a gap of three days between the closing of the IPO and the listing in the stock market. During which uncontrolled business activities are being seen taking place. Which is generally known as curb trading. It aims to facilitate such trading by providing a regulated platform so that investors can trade within a controlled framework. Which allows secure trading, reduces dependence on informal markets and increases transparency.
Addressing the 13th annual conference of the Association of Investment Bankers of India (AIBI) in Mumbai on Tuesday, Madhabi Puri Buch explained the responsibilities of IPO bankers. He said investment bankers know when they are pumping and dumping a company in the stock market and they do not need to be told what action the regulator takes in such cases. IPO bankers are able to find out whether the company raising money through IPO is real or fake. Along with this, Madhabi Puri Buch also mentioned the ongoing efforts to improve IPO disclosure transparency. He emphasized that SEBI does not decide the price of IPO. But it focuses on ensuring that investors have the information they need to assess whether valuations are fair.
It is noteworthy that during the year 2024, India’s IPO market witnessed a lot of growth. Last year there were 91 IPOs of big companies. Companies raised a record Rs 1.6 lakh crore through IPO.
