Page 9 - Latest Updates on SEBI
Virupaksha Organics files draft papers with Sebi for ₹740 crore IPO
The company may consider raising ₹148 crore in a pre-IPO placement round
 "Virupaksha Organics files draft papers with Sebi for ₹740 crore IPO")
Sebi bars Man Industries, top executives for 2 yrs over 'fund diversion'
The regulator found the company failed to consolidate its unit, Merino Shelters, in its financials between fiscal years 2015 and 2021
 "Sebi bars Man Industries, top executives for 2 yrs over 'fund diversion'")
Sebi's Valid UPI rollout faces hurdles as advisors struggle with handles
Sebi's new Valid UPI initiative, effective October 1, has hit hurdles as many research analysts and investment advisors face mismatches and bank delays in securing handles
Street Signs: Low Vix, high tension, IPO fireworks light up grey market sky
A calm Vix belies market jitters as FPIs sell aggressively; IPO grey market stays hot; traders push back against Sebi's plans to curb weekly derivatives expiries
 "Street Signs: Low Vix, high tension, IPO fireworks light up grey market sky")
Laser Power and Infra files draft papers with Sebi for ₹1,200 cr IPO
With this, the Kolkata-based company is targeting a valuation of Rs 5,500-6,500 crore
CSM Technologies files draft papers for IPO with Sebi to raise funds
The Bhubaneswar-based company's proposed IPO comprises entirely a fresh issue of 1.29 crore equity shares, with no offer-for-sale (OFS) component
Saatvik Green Energy makes disappointing debut; GK Energy jumps 10%
Saatvik Green Energy slips 5% on debut, GK Energy jumps nearly 10%; Aarvee Engineering and Deon Energy file draft papers with Sebi for upcoming IPOs
 "Saatvik Green Energy makes disappointing debut; GK Energy jumps 10%")
Tata Capital IPO to open October 6, anchor investor bids from October 3
Tata Capital filed its red herring prospectus with Sebi for an IPO opening October 6 and closing October 8, with anchor investor subscriptions beginning October 3
 "Tata Capital IPO to open October 6, anchor investor bids from October 3")
Aarvee Engineering gears up for IPO, submits draft papers with Sebi
Through its maiden share sale, the Hyderabad-based company aims to raise ₹202.5 crore from the fresh issue of equity shares
 "Aarvee Engineering gears up for IPO, submits draft papers with Sebi")
Buzzing Street: Small deals drive best IPO month since January 1997
Most of the activity has been in the small-cap space, with average mainboard deal sizes at around ₹530 crore, even as larger companies have preferred to play the waiting game
 "Buzzing Street: Small deals drive best IPO month since January 1997")
Sebi bars Seacoast Shipping and promoters from markets for five years
The probe was triggered by a BSE examination, which flagged suspicious spikes in Seacoast's sales and profits
Cash market activity will revive as confidence builds: Pranav Haridasan
Brokers must differentiate through advisory, technology, and customer experience rather than relying solely on pricing, MD and CEO of Axis Securities said
 "Cash market activity will revive as confidence builds: Pranav Haridasan")
PhonePe files draft papers via confidential route ahead of likely IPO
Fintech startup reported 40% revenue growth and positive cash flows in FY25
 "PhonePe files draft papers via confidential route ahead of likely IPO")
Sebi hikes custodian net worth requirement to ₹75 cr for risk management
Existing custodians can achieve new networth requirements within three years, Sebi said
 "Sebi hikes custodian net worth requirement to ₹75 cr for risk management")
Gautam Adani pledges stronger governance following Sebi clean chit
Adani calls Sebi's verdict a resounding validation, vows tighter governance, stronger sustainability, and $100 bn investments in energy and infrastructure
 "Gautam Adani pledges stronger governance following Sebi clean chit")
Hindenburg report was an attack on Indian enterprise, says Gautam Adani
Gautam Adani called the 2023 Hindenburg report a direct attack on Indian enterprise, saying it became an inflection point that hardened Adani Group's resolve.
 "Hindenburg report was an attack on Indian enterprise, says Gautam Adani")
Duro Capital hits first close of ₹200 crore on maiden India AIF offering
Duro Opportunities Fund, a Sebi-registered AIF, aims to raise ₹1,000 cr from Indian family offices for concentrated bets on listed companies across sectors
 "Duro Capital hits first close of ₹200 crore on maiden India AIF offering")
Disclosures do not bind listed firms or create liabilities, Sebi tells HC
The Bombay High Court on Tuesday allowed the companies to withdraw their petition
JM Group entities pay ₹3.9 cr to settle regulatory lapses case with Sebi
JM Financial Ltd (JMFL) and JM Financial Services Ltd (JMFSL) disgorged illegal gains worth Rs 1.22 crore and Rs 1.33 crore, respectively
Sebi, RBI in talks to ease entry processes for foreign investors in India
The changes would include fewer and standardised documentation and less scrutiny on investors that are already regulated in other countries
 "Sebi, RBI in talks to ease entry processes for foreign investors in India")
