New SME IPO Rules Proposed by SEBI

Sebi – proposes to raise minimum subscription for sme ipos to 200,000 rupees from 100,000 rupees.

Sebi – proposed minimum allottees in sme public issue may be increased to 200 – consultation paper.

Sebi proposes changes to allocation methodology for non-institutional investors in sme ipos.

Sebi proposes restricting ‘offer for sale’ component in sme ipos to 20% of issue size – consultation paper

Sebi proposes tighter monitoring of use of funds for issues more than 200m rupees.

Sebi proposes minimum issue size of 100 mln rupees for sme ipos.

Sebi proposes that fees to merchant bankers be disclosed in prospectus for sme ipos – consultation paper