After Paytm’s IPO fiasco, SEBI has turned cautious while giving clearance to the initial share sales as it has returned the preliminary papers of half a dozen companies, including Oravel Stays, which operates hospitality chain OYO, in over two months. These companies have been asked to re-file their draft red herring prospectus (DRHP) with certain […]
Continue ReadingThe order came after SEBI conducted an investigation into the initial public offer of Birla Pacific Medspa Ltd (BPML) for the period July 7 to 15, 2011 The order came after SEBI conducted an investigation into the initial public offer of Birla Pacific Medspa Ltd (BPML) for the period July 7 to 15, 2011 Capital […]
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The move came against the backdrop of many new-age companies, that do not have a track record of having an operating profit at least in the preceding three years, tapping the IPO route to raise funds The move came against the backdrop of many new-age companies, that do not have a track record of having […]
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