IPO Grading

Like the issue of PNs, SEBI is also keen to revisit the grading of IPOs introduced in April 2007. On 2nd September, chairman CB Bhave said that “SEBI would review the IPO grading concept as it has received both positive and negative responses to the practice.” As we said earlier, there is a strong lobby of market intermediaries who do not want IPO grading, while investors want it to continue...

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