No money? No bid: Sebi tightens IPO rules to ensure genuine bids - Economic Times

The regulator is learnt to have found out that some large institutional investors and high net worth individuals were putting in bids only to inflate the subscription numbers and not with the intention of getting allotments. According to a circular released o…

Mumbai: The Securities and Exchange Board of India (Sebi) on Monday tweaked the initial public offering norms in a bid to ensure that only genuine entities participate. The regulator is learnt to h… [+1782 chars]

full article...