The IPO received bids for 54,08,100 shares against 2,25,67,270 shares on offer, as per NSE data
Proposes to raise net worth criteria for the first time in nearly three decades
Move to open the door for higher exposure in startups, mid-size firms
The gains came despite overall market weakness amid sustained selling by foreign portfolio investors
As of March 31, 2024, there were 82 angel funds registered with Sebi with a total of Rs 7,053 crore in commitments and Rs 3,343 crore in investments
The total market capitalisation of BSE-listed companies declined by Rs 48 trillion to Rs 430 trillion after reaching a peak of Rs 478 trillion on September 27
Proposals aimed at ensuring market players behave responsibly