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SME IPO stocks tumble as SEBI flags concerns over price manipulation
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BSE SME IPO slumped over 3% on Monday. 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.
Also Read: T+0 settlement to begin by March 28 on optional basis, says Sebi Chairperson Madhabi Puri Buch: Report 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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