SME IPO index falls by 2590 points

Mumbai: Capital markets regulator Securities and Exchange Board of India (SEBI) Chairperson Madhabi Puri Buch yesterday said the regulatory authority is taking a serious view of SME IPOs and post-listing stock price manipulation of companies.

BSE SME IPO index fell 2590 points or 4.67 percent today. Which has fallen by eight percent in two days.

The BSE SME IPO index on Tuesday closed at 52864.43, down 2589.48 points or 4.67 per cent. Which had fallen yesterday by 1878.33 points i.e. 3.28 percent. Thus, in two days the SME IPO index has fallen by 7.95 percent i.e. 4467.81 points.

There was a difference in the share prices of many SME companies. Of the total 300 share-holding companies currently listed on the BSE SME platform, 190 shares were traded today. Out of which the share prices of 155 companies fell and closed negative. Whereas only 30 shares closed with gains.

Till now, a total of 483 companies have been listed on the BSE SME platform. Of which 183 shares have been transferred to the main board and trading in 31 shares has been suspended. Currently 258 shares are allowed to trade.

It is noteworthy that SEBI Chairperson Madhabi Puri Buche had recently said that after SEBI finally opened its eyes on the storm in IPOs of small and medium enterprises (SMEs), SEBI will make more revelations in the case of IPOs and price rigging in SME companies. Is considering making it mandatory. Their listing prices. Said.

Meanwhile, the SEBI Chairperson has also announced the disclosure framework for stress testing for SEBI Small and Mid Cap Funds by March 15.

155 out of 190 shares of BSE SME IPO declined.