Phytochem Remedies withdrew its Rs 38 crore SME IPO after the issue was undersubscribed at just 62% with only 797 applications. The grey market signalled a flat listing, reflecting weak sentiment toward SME offerings. The high retail investment threshold and volatile markets also weighed on subscription demand.
Sebi moves to standardise consent rules for AIFs
Securities and Exchange Board of India (Sebi) is proposing significant governance changes for alternative investment funds. The regulator aims to standardize investor consent, enhance oversight