Ashish Rukhaiyar

Experts believe that this is a major governance issue and while the reasons for such sudden departure needs to be examined and analysed, auditors have mostly been very ambiguous in terms of giving the reasons for resigning

SEBI has found instances of conflict of interest and is trying to plug it, say sources aware of the development

As on August 31, 2024, there were a total of 927 registered Investment Advisers (IAs) with the number of Research Analysts (RAs) pegged at 1,380

After Paytm, this is the second-highest quantum of fee paid by a digital major making its entry in the public markets

The share of ‘other’ cities on BSE has jumped from 18 percent to 32 percent between FY14 and FY24. 'Other' cities as a category includes those that are not part of the top 20 cities in terms of contribution to the cash market turnover

'Managing the IPO of govt-owned companies is more about prestige rather than money,' said an investment banker who has worked on PSU IPOs

The regulatory initiative comes a little over two years after the capital markets watchdog introduced the KPI framework. The KPI disclosure framework was in response to a slew of IPO of digital majors or start-ups like Zomato, Nykaa and Paytm among others.

Data from primeinfobase shows that more than 60 percent of the top 20 FIIs saw their portfolio value falling by a much bigger margin when compared to the fall in the benchmark – Sensex has dipped nearly 5 percent since touching record highs in September.

Experts told Moneycontrol that SEBI should look at creating entry barriers in the segment while also bringing in lock-in clauses for all IPO investors and pushing for at least a five-fold rise in the minimum application size.

Sources say that there is a consensus within SEBI that ex-parte interim orders should not be allowed under PUSTA as it will be unfair to the alleged wrongdoers.