There need to be more disclosures on how valuations have changed between a pre-IPO placement and the issue price, she said. For example, a company sells shares to investors at ₹100 and then asks for ₹450 in an IPO within a few months. A company is free to ask for a higher price, but it needs to disclose what happened in the intervening period which justifies the change in valuation, Buch said.
Clear Secured Services IPO listing today. Check GMP ahead of debut
Clear Secured Services is set for its market debut on December 8 following a successful ₹85.60 crore IPO, which saw strong investor demand. The integrated