Sai Infinium Sets Sail for New Growth with an Anticipated IPO...
11 Apr, 2025
The National Stock Exchange (NSE) has fixed the listing price limit for IPOs on the SME platform. Now the listing of SME IPOs on the NSE Emerge platform cannot be above 90% of the issue price.
This price control cap will apply only to the SME segment and not to mainboard IPOs.
This new rule has come into effect from today, July 4, 2024. Medium and small sized businesses bring IPOs in the SME category, which are even smaller than small cap companies.
The price of one lot of SME IPO is at least Rs 1 lakh or more.
Recently, SEBI Chairperson Madhabi Puri Buch had warned of manipulation in SME IPOs. She had said that there were signs of manipulation of the price of IPOs of the SME segment.
The regulator is gathering evidence following complaints of price manipulation and is considering additional disclosures on SME IPOs.
So far this month, 8 SME IPOs have been listed, out of which 6 IPOs have listed above 90%. These include Mason Infratech, Shivalik Power Control, Akiko Global Services, Petro Carbon & Chemicals and Diensten Tech Limited.
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