BSE delays Trafiksol ITS Technologies IPO due to investor concerns and regulatory review.
The BSE has delayed the IPO listing of Trafiksol ITS Technologies due to investor concerns about the company's fundamentals and the use of funds. Despite significant investor interest, the listing will be held back until the company addresses raised queries. The Securities and Exchange Board of India (Sebi) is reviewing regulations for SME listings following complaints and potential fraudulent practices. All IPO proceeds will be held in escrow until issues are resolved.
September 17, 2024
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