An SME IPO saw over 400x subscriptions last year but later plunged 50%, raising concerns over sustainability. Sebi introduced stricter norms, capping OFS at 20% and mandating profitability criteria. IPO proceeds can’t repay promoter loans, reducing misuse. SME IPO subscriptions have since dropped sharply, curbing grey market activity.
‘On the edge…’: What social media conversations reveal about the current market mood
Social media analysis reveals bleak market sentiments among investors and experts. Market veteran Shankar Sharma highlights that the downturn is local and needs local solutions.