look news india
The Securities and Exchange Board of India (SEBI) may make sweeping changes to the listing rules for small and medium enterprises (SMEs), increasing the lot size from Rs 3 lakh to Rs 3 lakh. ₹5 lakh each and the condition of track record and market making is being extended to five years, exchange and merchant banking sources said.
The move comes at a time when the market regulator has warned of a bullishness in the sector due to irrational exuberance among traders and retail investors. Senior SEBI officials recently said that they will bring stringent proposals for SME listing before the end of this year. Strict guidelines The lot size is likely to be increased from Rs 1 lakh to Rs 3 lakh to Rs 5 lakh. The market making agreement is also expected to be extended to five years from the current three years. The track record requirement may also be increased from three years to five years. Rules tightened over the years, possibility of higher profitability, even net-worth mandates