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.
Deven Choksey on 3 insurance stocks to invest in now
Deven Choksey, MD of DRChoksey FinServ, says private sector insurance companies are relatively more favourable from a growth perspective. Valuation-wise, some of them have already