BSE SME IPO slips over 3% after Sebi chairperson Buch says regulator is considering additional disclosure on SME IPOs

Madhabi Puri Buch, chairperson of Sebi, said on Monday, March 11, that the regulator is considering an additional disclosure on SME IPOs. 

She said that the pattern of price change can be seen in the initial public offerings (IPOs) of medium-sized enterprises (SMEs).

She said that Sebi was taking into consideration SME IPOs, their trading hours, and disclosures.

The Sebi chairperson also said that mutual funds would have to disclose stress test results of small- and mid-cap funds by March 15. The market regulator has suggested that MF trustees resolve their issues through their policies.

After her statement, S&P BSE SME IPO was trading down by 3.20 per cent, or 1,832.73, at 55,499.51.

What is BSE SME IPO Index?

The BSE SME IPO Index is India's first stock-market index for SMEs. The index tracks the current primary market conditions in the Indian capital market and measures the growth in investors' wealth over some time. 

The index comprises SMEs listed on the BSE SME platform.

The BSE SME IPO Index is scientifically calculated and is based on the globally well-accepted 'Free Float Market', as per the BSE website. 

Its base index value is 100, and the total return version of the index is available on a request basis.