India's Sebi proposes doubling minimum investment in SME IPOs to attract more knowledgeable investors.

The Securities and Exchange Board of India (Sebi) has proposed doubling the minimum investment for SME IPOs from Rs 1 lakh to Rs 2 lakh, with an option to increase it to Rs 4 lakh. This move aims to attract more informed and risk-capable investors as retail participation in SME IPOs has surged. Sebi also plans to restrict the 'Offer for Sale' component to 20% and tighten fund usage monitoring for issues over Rs 20 crore. Comments on these proposals are invited by December 4.

November 19, 2024
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