Ipo Norms

Capital markets regulator SEBI on Friday tightened disclosure norms for companies going for initial public offers, insisting that they should share more details on pricing.

The Finance Ministry will discuss with market regulator SEBI to exempt LIC from the minimum public shareholding norm

SEBI has suggested that loss-making companies planning to list their shares should make disclosures about their key performance indicators

LIC last month appointed six independent directors on its board to meet regulatory norms of corporate governance

Tightening rules for initial public offering (IPO), SEBI has put a cap on the usage of the issue proceeds for unidentified future acquisitions and restricted the number of shares that can be offered by significant shareholders.

As many as 23 companies are ready to bring in their public offers in the March quarter of the current fiscal

Securities and Exchange Board of India has approved tightening of rules for usage of proceeds from initial public offers

Companies with a post-issue capital above Rs 10,000 crore will be required to initially sell only 5 per cent to the public, as against 10 per cent mandated earlier.

Sebi said it will put in place a revised settlement mechanism that bars wilful defaulters and fugitive economic offenders from settling proceedings. Sebi Chairman Ajay Tyagi said the key decisions include revised Know Your Client (KYC) norms for foreign portfolio investors (FPIs).

In the case of public and rights issues, financial disclosures have to be made only for three years instead of five years at present. Sebi rolls out market reforms

Currently, it takes six days after the close of bidding in the IPO for a company to list on stock exchanges, thus keeping the investors' funds locked in for a longer period of time.

Securities and Exchange Board of India chief U K Sinha on Thursday said various regulatory measures have been instrumental in reviving the primary market and exuded optimism that the current year will be one of the best for IPOs.

In a move that may pave the way for the long-pending IPO of RBL Bank, regulator Sebi has agreed to settle an outstanding case against the lender for alleged violation of disclosure norms with regard to an earlier issuance of shares to select investors for over Rs 600 crore.

Micro-lender Ujjivan Financial Services, which has launched a Rs 885-crore IPO, will open 100 odd bank branches to meet the regulatory norm for a small bank licence.

The IPO will bring down the company's foreign holding from the present 93 per cent to 35 per cent. As per the norms, foreign shareholding should be below 49 per cent to operate as an SFB.

Capital markets regulator SEBI on Friday tightened disclosure norms for companies going for initial public offers, insisting that they should share more details on pricing.

The Finance Ministry will discuss with market regulator SEBI to exempt LIC from the minimum public shareholding norm

SEBI has suggested that loss-making companies planning to list their shares should make disclosures about their key performance indicators

LIC last month appointed six independent directors on its board to meet regulatory norms of corporate governance

Tightening rules for initial public offering (IPO), SEBI has put a cap on the usage of the issue proceeds for unidentified future acquisitions and restricted the number of shares that can be offered by significant shareholders.

As many as 23 companies are ready to bring in their public offers in the March quarter of the current fiscal

Securities and Exchange Board of India has approved tightening of rules for usage of proceeds from initial public offers

Companies with a post-issue capital above Rs 10,000 crore will be required to initially sell only 5 per cent to the public, as against 10 per cent mandated earlier.

Sebi said it will put in place a revised settlement mechanism that bars wilful defaulters and fugitive economic offenders from settling proceedings. Sebi Chairman Ajay Tyagi said the key decisions include revised Know Your Client (KYC) norms for foreign portfolio investors (FPIs).

In the case of public and rights issues, financial disclosures have to be made only for three years instead of five years at present. Sebi rolls out market reforms

Currently, it takes six days after the close of bidding in the IPO for a company to list on stock exchanges, thus keeping the investors' funds locked in for a longer period of time.

Securities and Exchange Board of India chief U K Sinha on Thursday said various regulatory measures have been instrumental in reviving the primary market and exuded optimism that the current year will be one of the best for IPOs.

In a move that may pave the way for the long-pending IPO of RBL Bank, regulator Sebi has agreed to settle an outstanding case against the lender for alleged violation of disclosure norms with regard to an earlier issuance of shares to select investors for over Rs 600 crore.

Micro-lender Ujjivan Financial Services, which has launched a Rs 885-crore IPO, will open 100 odd bank branches to meet the regulatory norm for a small bank licence.

The IPO will bring down the company's foreign holding from the present 93 per cent to 35 per cent. As per the norms, foreign shareholding should be below 49 per cent to operate as an SFB.