Sebi likely to tighten norms for SME listing, widen UPSI definition

Decision likely at board meeting scheduled on December 18

The Securities and Exchange Board of India (Sebi) is likely to tighten rules around small and medium enterprises (SMEs) initial public offerings (IPOs) and widen the definition of unpublished price-sensitive information (UPSI).

 

The decisions are likely at the board meeting on December 18, informed sources.

 

The market regulator may announce a raft of other changes to ease doing business in the market ecosystem.

 

The move to tighten SME listing rules comes amid concerns of manipulation and misconduct. Sebi is likely to raise the investment threshold for SME IPOs by increasing the minimum application to Rs 2 lakh or Rs 4