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IPO PROCEEDS MISUSE
Droneacharya’s IPO under scanner: Sebi bars company, promoters from markets, slaps Rs 50 lakh penaltySebi has barred Droneacharya Aerial Innovations and its promoters from the markets for two years after finding misuse of IPO proceeds, infl...
Sebi bars Nirman Agri Genetics and promoter from markets after finding IPO funds divertedSebi has passed an interim order against Nirman Agri Genetics Ltd (NAGL) and promoter Pranav Kailas Bagal, restraining them from the securi...
An SME busted for fund misuse puts 20 more IPOs managed by the same lead manager under scannerSecurities and Exchange Board of India is investigating misuse of Initial Public Offering funds in Small and Medium Enterprises. This follo...
A Rs 12 crore IPO sparked a Rs 2,700 crore frenzy last year. Now, the stock is down 50%The SME IPO of Resourceful Automobile saw over 400x subscriptions last year but later plunged 50%, raising concerns over sustainability. Se...
BSE cracks down on another SME IPO, Solar91 issue postponed one day before openingBSE postponed the SME IPO of Solar91 Cleantech following social media concerns about a rapid valuation increase and regulatory changes by S...
Sebi board approves stricter rules for SME market, including financial stability before IPOsSebi has tightened SME IPO norms, mandating a minimum operating profit and restricting selling shareholders' offloading to 50%. These measu...
C2C Advanced Systems IPO allotment date today. How to check allotment statusC2C Advanced IPO Allotment Status: C2C Advanced Systems IPO allotment will be out today. The company planned to raise Rs 99 crore, but its ...
C2C Advanced Systems GMP declines to 40% after SEBI actionC2C Advanced Systems IPO GMP: C2C Advanced Systems' IPO grey market premium dropped to about 40% after SEBI intervened, prompting a listing...
C2C Advanced Systems IPO gets 116x subscription despite bid withdrawal option after Sebi scrutinyC2C Advanced Systems IPO was subscribed 116 times despite Sebi's concerns regarding its auditing. Investors have a withdrawal window till N...
SME IPO of C2C Advanced Systems hit by Sebi action, listing date postponedC2C Advanced Systems IPO Listing Date: The withdrawal window for QIB and NII categories will remain open until 4:00 PM, while the retail ca...
Sebi orders BSE to not proceed with Trafiksol listing amid concerns over misuse of IPO proceedsCapital markets regulator Sebi has asked the exchange BSE to not proceed with Trafiksol ITS Technologies listing amid serious concerns over...
Wipe out! Sebi-hit SME superstar stock is now down 88% from peak in just 8 monthsVaranium Cloud, entangled in Sebi's scrutiny, experienced a drastic decline in its valuation from its peak in October last year. The stock,...
SP arm concealed ‘material info’ in IPO papers: Kenneth AndradeOld Bridge Capital’s alternate investment fund was one of the investors in Sterling and Wilson IPO.
2005 IPO scam: Karvy Consultants' Rs 65 lakh FDs seizedThe ED has charged Karvy for using the shares meant for Retail Individual Investor (RII) and also for creation of benami demat accounts.
- Short on investor goodwill, Goodwill Hospital withdraws its public offering
Healthcare services provider Goodwill Hospital and Research Centre has withdrawn its initial public offer after keeping the book open for s...
- SEBI bans 7 firms from fund raising; PG Electroplast, One Life slips over 10%
Shares of 7 recently listed companies came under pressure on reports the SEBI has sought to punish promoters of these companies.
- Govt directs RoCs to look for diversion of IPO funds
In order to check the misuse of funds raised by companies via public offerings, the govt has directed RoCs to look for diversion of IPO fun...