IPO: Market regulator SEBI worried about THIS aspect of public issue – Know FULL DETAILS

The Initial Public Offering (IPO) market has received tremendous response this year, however, there are some worries too and even the market regulator Securities and Exchange Board of India (SEBI) is concerned about these issues. One of the major concerns is related to the price band of the shares that are on offer for subscription.  

What is this issue all about? Zee Business’ Brajesh Kumar has this exclusive details. Take a look! 

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Will SEBI tighten rules around the price band? 

Kumar cites his sources to highlight the concerns of Sebi   

- SEBI is unhappy over the difference in the price bands of the shares: Sources  

- Many IPOs have been launched with very small difference in the price band: Source   

- If there is no improvement in the price band, there is also an option of fix band: Source  

- If there is not a reasonable difference in the price band, then the book building is useless: Source  

- SEBI has written to merchant bankers with respect to this: Source 

  Watch Zee Business Tweet Video Below:

IPO मार्केट में है बहार, लेकिन सेबी आखिर किस बात से है नाखुश?बता रहे हैं ब्रजेश कुमार... #IPO @AnilSinghvi_ @BrajeshKMZee pic.twitter.com/phT1m7lxOh

— Zee Business (@ZeeBusiness) July 29, 2021

List of IPOs where the price band has just Rs 1-2 in the upper and lower price bands: 

Issue                                           Price Band 

Stove Craft                                   Rs 384-385 

Home First Finance                      Rs 517-518 

IRFC                                             Rs 25-26 

Heranba Industries                      Rs 626-627  

MTAR Technologies                     Rs 574-575 

Indigo Paints                                 Rs 1488-1490