Sebi tightens IPO rules; mandates issuer to disclose offer price based on past transactions

Updated: Oct 1 2022 10:42AM

Mumbai, Sep 30 (PTI) Capital markets regulator Sebi on Friday tightened disclosure norms for companies going for initial public offers, insisting that they should share more details on pricing.

The changes cleared by the Sebi board at its meeting on Friday include disclosures about the price at which the institutional investors have bought shares going back to up to 18 months before the Initial Public Offering (IPO).

The new norms, which follow heavy erosion of investor wealth in recent IPOs like Paytm and Zomato that led to concerns about the offer prices, will be applicable for all issuances.