National Stock Exchange and BSE LTD, after consultation with the Indian Council for Securities and Exchange (SEBI), amended the rules to arouse a minimum offer for small and medium -sized enterprises (small and medium -sized enterprises) to more than more than more than more than more than more than £2 Lakh for offers submitted on the stock exchange after 8 March. Amendments to Regulation 267 Questions of Capital and Publication Requirements (ECDR) will effectively prevent retail or small individual investors in these issues because they cannot invest more than £2 lakh.
IPO approved before 8 March. However, small investors can offer a chance to offer below £2 lakh. This is because stock exchanges give the company a window for one year from the date of approval to start their first offer.
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If Bourses does not issue circulars that offer clarity, retail investors can be able to participate in fresh and medium enterprises, but according to analysts, they can be able to offer older offers.
“A handful of small and medium -sized enterprises, which filed their prospectus before March 2025, has to open up. £1 lakh £1.2 LAKH amounts that are significantly more accessible to individual investors, ”said Rohit Jain, a control partner in Singhania & Co.
Small companies whose IPO prospects have been submitted before restrictions include 3B Films LTD, LGT Business Connextions LTD, Mahendra Relators and Infrastructure LTD and EveStims Technologies Ltd.
The offer of 3b movies that is open for subscriptions from May 30 to June 3rd, received 177 applications from the retail category and plans to increase £33.75 crore from the offer. Its minimum amount of offer is 3,000 shares, which means minimal investment £1.50 000 as a bid price is £50.
The Nikita Papers and Blue Water Logistics’ offers, which closed on May 29, also received offers from retail investors.
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According to Prime Database, approximately 348 companies reported their intention to raise money on platform and medium -sized enterprises. However, the exchanges reveal that the names of companies that are launching offer a few days before opening the problem.
Sebi
Sebi tuned the rules because retail participation has grown in small and medium -sized companies, even though the regulator has found cases on abuse of yields and misconduct. Raised small businesses £9 120 crore via IPO in FY25 against £5 971 crore in FY24, £2 235 crore in FY23 and £965 Crore in FY22, according to shared Prime Database. That reflects the record £1.62 trillion mop from the main plate of IPO in FY25.
SEBI regulates IPO motherboards, while exchanges oversee the segment of small and medium -sized enterprises after consultation with the regulatory body.
“We still see the submission of the DRHP that has a quota for retail applications. However, it will depend on the stock exchange to either accept or reject the retail quota,” said investment manager and speak on the condition of anonymity.
According to the person who spoke of the condition of anonymity, he allegedly seeks to solve this gap, according to the person who spoke of a state that realized the development.
Questions E -mail NSE and BSE on this gap remained unanswered.
Retail investors were excluded from IPO of NR Vandana Tex Industries Ltd. £2,44 lakh. The company for the cotton textile company filed its prospectus with red raising.
Unlike other offers of IPO small and medium -sized enterprises, the offer of a company that closed a subscription on Friday, offers from 33,597 individual investors who are not retail investors.
“… The rules (with the exception of retail investors who are applying for small and medium -sized enterprises) apply only to companies that file their prospectus after March 2025,” said Mohit Mehra, vice president of primary markets and payments in Zerodha. “Since the prospectus remain valid for one year, companies can still allow retail participation if they are given by March 2025.”
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Sebi, before the change of the rules, quoted increased retail participation in the IPO for his decision. “Since IPO and medium -sized enterprises tend to have a higher element of risks and investors who are stuck, if they change the sentiments on the list after the interest of smaller retail investors, the limit has been increased,” said the regulator in the consultation published on November 19.
“Recently, cases of deviations have been observed from the problems of related parties and companies with a shell and income inflation have been proven by circular transactions,” Sebi said.
(tagstotranslate) Sebi
