Increasing fraud in IPO will be stopped, SEBI has given instructions to increase monitoring
IPO: Fraud is continuously increasing in the trading of IPO shares. This increasing fraud will now be stopped. For this, SEBI has directed the stock exchanges to increase monitoring to prevent abuse in the pre-open call auction session.
SEBI has geared up to stop the increasing fraud in IPOs. For this, the regulator has directed the stock exchanges to increase monitoring to prevent abuse in the pre-open call auction session.
Fraud in the trading of IPO shares is steadily increasing. This rising fraud will now be stopped. SEBI has directed stock exchanges to step up monitoring to prevent abuse during the pre-open call auction session.
The increasing fraud in the trading of IPO shares will be stopped. To address this, SEBI has directed stock exchanges to increase monitoring to prevent abuse during pre-open call auction sessions. According to the issued directive, the first day of trading for IPO shares will take place from 9 a.m. to 10 a.m.
45 minutes will be allocated for order entry, change, and cancellation. 10 minutes will be dedicated to matching orders and confirming trades. 5 minutes will be used to transition from pre-open to normal session.
During its recent investigation, SEBI found that orders were placed in large quantities at higher prices during the call auction in the pre-open session for some IPO shares. This is used to manipulate the share prices and dupe the common investors. On the other hand, SEBI has abolished the price band for the shares of listed investment companies and investment holding companies. This can be started in October.
