IPO Archives - indiabusinessview

Sebi’s NSDL orders: why the fuss?

July 29, 2011August 20, 2014Editor

Summary: Sebi has released two orders which will ask the National Securities Depository Ltd (NSDL) to conduct internal inquiries into systemic and procedural lapses that led to the IPO scam reaching such large proportions without being detected. Though the committee has clarified that its action is not punitive in nature, which might make one wonder what the fuss was all about, the issue is how individual responsibility –as asked by the committee- will be determined.

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Discretion and IPOs don’t mix well

July 12, 2009August 20, 2014Editor

India’s initial public offer (IPO) market has evolved over the years, from when the issue price was set by a government body called the Controller of Capital Issues to now where investors bid in a book-built issue to determine the price.
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IPOs get a new anchor

July 12, 2009August 20, 2014Editor

Securities Exchange Board of India (Sebi) has amended the public issue guidelines on a few fronts to allow anchor investors in public issues. These are the people who will stick their neck out in an issue to take a big chunk at a predetermined price.

Here are the changes:|

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HDFC Bank settles with Sebi in IPO case

December 26, 2008August 20, 2014Editor

Sebi has issued a consent order, accepting HDFC Bank’s application to settle the case filed against it in the IPO scam. It has paid Rs 1 lakh as part of the consent procedure. The Sebi order says that it had launched an investigation into share dealings in shares issued through IPOs during 2003-05.

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IPOs: retail investors earn on float + promoters get more flexibility

September 10, 2008August 20, 2014Editor

This Sebi circular was issued on August 29.
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Reliance Power’s proposed bonus issue tries to mend fences with hurt investors

February 18, 2008August 20, 2014Editor

Reliance Power is attempting to win over dejected investors, who suffered losses after investing in the company’s public offer IPO, one which attracted unprecedented subscriptions. The company’s Board will meet next Sunday to decide on a proposal to issue bonus shares or otherwise compensate shareholders who applied in the IPO.

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SEBI makes PAN mandatory for all IPO investors

November 29, 2007August 20, 2014Editor

Sebi has amended its DIP guidelines that deal with public issues. Earlier, retail investors who invested up to Rs 50,000 did not need a permanent account number (PAN). That has changed now, with all investors irrespective of application size required to quote their PAN. The move will have no major impact, since most investors would have a PAN. The move does not come as a surprise, as all mutual fund investors too have to quote PAN, from July 2, 2007 in all transactions. This closes what small gaps are there in terms of information about investors.
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