initial public offer

Market regulator SEBI today debarred one Chandrakant Amratlal Parekh from dealing in the stock market for one year for his alleged involvement in cornering shares meant for retail investors of Suzlon during its IPO. Full Article

Retail and institutional investors will be treated alike in terms of bidding for shares in public offers, a move also likely to bring down the exorbitant levels of over subscriptions in the primary market. A new directive from the market regulator SEBI is coming to effect, as per which institutional investors will have to pay upfront 100 per cent money in primary issues, just like the retail investors. Full Article

(i) All banks should obtain RBI approval for IPOs. After listing on the stock exchanges, banks are free to price their subsequent issues. (ii) Issue price should be based on merchant banker's recommendation. There need be no reference to the CCI formula for deciding on the pricing of such issues. Full Article

The initial public offer guidelines for the insurance sector is likely to announced next month, the Insurance Regulatory & Development Authority (Irda) said on Monday. "The guidelines could take a month time and Sebi will take the final call," Irda chairman J Harinarayan said. Full Article

"In the primary issuance process, Qualified Institutional Buyers (QIBs) that currently pay only 10% margin while applying will be required to pay 100 per cent money in line with what other investors are required to do for all the issues that open on or after May 1, 2010." Full Article

The Insurance Regulatory and Development Authority (Irda) has issued disclosure norms for insurance companies, mandating them to publish accounts on a half-yearly basis. The disclosure norms are seen as a precursor to allowing insurance companies to hit the primary market. Full Article

Markets regulator SEBI has decided to allow companies to auction their shares in a follow-on public offer (FPO) to qualified institutional buyers (QIBs) at differential prices above the floor, while retail investors will get shares at the floor price. Full Article

The Securities and Exchange Board of India (Sebi) has asked the 134-year-old Bombay Stock Exchange (BSE) to set its house in order before planning a listing. BSE had been planning to list on the exchange for a while and had approached Sebi for permission to list without an initial public offer. Sebi also has to [...] Full Article