The Securities and Exchange Board of India’s (Sebi’s) decision to increase retail investor limit in IPOs and FPOs to Rs 2 lakh from Rs 1 lakh had a positive impact on the ongoing RPP Infra Projects IPO. It has become the first beneficiary of the Sebi relaxation and the retail segment of its IPO, which has already been over-subscribed with bids totalling 22.81 lakh equity shares so far.
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