Bourses should learn to say no to SME IPOs: Ashwani Bhatia

A senior Sebi official has urged stock exchanges to deny public listings for small and medium enterprises (SMEs), citing the inflation of balance sheets and lack of proper auditing. Over ₹14,000 crore have been raised through these listings in the past decade, with around ₹6,000 crore raised in FY24.

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