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.
Global Markets | European shares fall again as Mideast war drags on
European shares extended their decline on Tuesday, mirroring a global equity selloff as investors grappled with the prospect of a prolonged Middle East conflict. A