Securities and Exchange Board of India, Sebi, suggested revisions for big Initial Public Offerings. The proposal includes increasing the allocation limit for institutional buyers. It also suggests reducing the share reserved for retail investors. For IPOs exceeding ₹5,000 crore, retail allocation may decrease to 25%. Institutional buyer allocation may increase to 60%.
Will RBI rate hikes intensify selloff in bank stocks? Analysts explain why fears may be overdone
Bank shares have endured steep declines as investors brace for imminent interest rate hikes from the RBI. Some analysts suggest that the recent selloff may