For Quick Alerts
For Daily Alerts

    Sebi Proposes Changes In Norms For Raising Equity Capital


    On Friday, the Securities and Exchange Board of India (Sebi) proposed a series of changes to norms pertaining to raising equity capital. Among the proposed changes include an enhancement in the limit from Rs. 5 million to Rs. 100 million for filing a "draft letter of offer" in case of a rights issue.

    In case of IPO, the market watchdog has proposed reduction in time gap between the announcement of price band and launch of IPO issue from current 5 working days to 2 days instead.

    Sebi Proposes Changes In Norms For Raising Equity Capital

    The Sebi has also proposed to allow companies coming up with an IPO issue to extend the IPO duration from the present three days time without any reduction in price band. The market regulator has also come with proposals to merge the provision related to the institutional placement programme (IIP) and qualified institutional placement (QIP).

    In respect of fund raising norms for small and medium enterprises (SME) platform, SEBI has proposed some of the changes that include increase of maximum post-issue face value capital for a SME public issue to Rs. 500 million from Rs. 250 million.

    Read more about: sebi ipo
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more