The market watchdog Securities and Exchange Board of India (SEBI) has notified a discussion paper for reviewing the price bands of IPOs on Monday (October 4, 2021). Earlier a leading business daily in September reported that the task of making rules in relation to this matter may kick-off soon.
SEBI Notifies Discussion Paper To Review IPO Price Bands
What is SEBI's proposal on the IPO price band?
As per the Sebi committee there should be at least 5 per cent difference between the upper and lower bands. Sebi now seeks an opinion on whether or not there is really a difference in price band. In a case if there is a difference in the price band then how much it should be fixed at.
Does the fixed price issue need further changes? Price discovery was failing due to the low price band. These are also the few concerns of the SEBI.
Here are the issues in which the price band differs by only Re 1:
Stove Kraft Rs 384-385 Home First Finance Rs 517-518 IRFC Rs 25-26 Heranba Industries Rs 626-627 MTAR Technologies Rs 574-575
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