NSE CEO and SEBI raise concerns over inflated SME valuations, calling for possible tighter IPO listing norms.
NSE CEO Ashishkumar Chauhan raised alarms about inflated valuations and unethical practices among small and medium enterprises (SMEs), echoing concerns from SEBI. The regulator has flagged issues with SME promoters and is considering tighter IPO listing norms amid rising market capitalizations. While some criticize the crackdown on SMEs, investor Ashish Kacholia advocates for encouraging due diligence rather than punitive measures, emphasizing the growth potential of SME IPOs.
September 02, 2024
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