In process to protect interests of investors and encourage comprehensive disclosure regime of Initial Public Offering, Indian Capital Market Regulator 'SEBI' has issued new circular "Disclosure of Track Record of the public issues managed by Merchant Bankers".
This additional step has come from SEBI, at the time when Indian equity market is affected by global recession and performance of IPO's gone down significantly.
SEBI has added additional disclosure requirements for Merchant Bankers, who play a very crucial role in Initial Public Offering. Circular has laid down two broader disclosure regime for merchant bankers:
- disclose the track record of the performance of the public issues managed by merchant banker; and
- to channelize due diligence process of merchant bankers in light of post issue performance.
SEBI Circular: http://www.sebi.gov.in/sebiweb/home/list/1/7/0/0/Circulars
This additional step has come from SEBI, at the time when Indian equity market is affected by global recession and performance of IPO's gone down significantly.
SEBI has added additional disclosure requirements for Merchant Bankers, who play a very crucial role in Initial Public Offering. Circular has laid down two broader disclosure regime for merchant bankers:
- disclose the track record of the performance of the public issues managed by merchant banker; and
- to channelize due diligence process of merchant bankers in light of post issue performance.
SEBI Circular: http://www.sebi.gov.in/sebiweb/home/list/1/7/0/0/Circulars
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