 "Sebi")
The Securities and Exchange Board of India (Sebi) on Friday proposed to seek more justification and transparency from new-age technology companies when it comes to pricing their share in initial public offerings (IPOs).
If the raft of proposals floated by the market regulator in a discussion paper is approved, companies will have to provide a relatively detailed explanation of how they have priced their issue, compare that to pre-IPO share sales, and also disclose all the presentations made to pre-IPO investors.
The move comes following a meltdown in shares of such companies amid a hawkish pivot by the US Federal Reserve and
