Sebi spots inflating of IPO bids to lure buyers – Times of India
MUMBAI: Markets regulator Sebi has unearthed major irregularities in the IPO process by some merchant bankers, adding that it has detected three cases of inflating of subscription numbers to lure investors.Sebi chairperson Madhabi Puri Buch said the regulator has found evidence that the merchant bankers helped in “inflating the IPO application numbers to give an…
