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Saturday, September 25, 2010

IPO Advertisement rules to be changed - SEBI

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The latest news from SEBI is that the rules for IPO advertising are all set to change as the Securities Exchange Board wants it to be inline with the Red herring Prospectus for that IPO, currently many IPO's give advertisement which is false and misguides investors who are new to share markets.

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So we will now see a tightened set of guidelines for an Companies IPO which maches with the draft of the Red herring prospectus for the IPO. Thus helping the investors in knowing the true picture of the company whose IPO is being floated in market.

Hence merchant bankers should become careful and more responsive now onwards.

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Posted by himanshu Sharma at 5:07 AM
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