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SME IPO stocks end lower for second straight day, down from all-time high. Here's what expert says
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BSE SME IPO index dropped by about 8% this week. On Tuesday's session, the index lost nearly 6%.
On Monday, SEBI chief Buch made remarks about stock manipulation in many firms, following which the BSE SME IPO slumped over 3%. As per CNBC TV18 news report, SEBI's chairman stated on Monday, March 11, that the regulatory body intends to impose more disclosures as a first step with regard to SME IPOs.
Buch expressed concerns about instances of price manipulation that were seen at the IPO and trading levels with regard to specific SME IPOs. She also emphasised the need for more market openness and monitoring, according to a CNBC TV18 news report.
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