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Sebi paper moots hike in SME public issue application size to ₹2L
The Morning Standard
|November 20, 2024
MARKETS watchdog Sebi has, in a consultation paper, suggested a steep rise in minimum application size to ₹2 lakh for SME IPOs, which of late has left many eyebrows raised due to sheer oversubscription of some of such issues.
Calendar year 2024 so far has set a record in terms of funds raised via SME issues. As per Prime Database data, till September 2024, nearly 205 SME issues, which are not listed/traded on the main platforms were launched with the cumulative fundraising pegged at ₹7,016 crore, much higher than last year's ₹4,687 crore.
This story is from the November 20, 2024 edition of The Morning Standard.
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