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Street Signs: Likely vacuum at Sebi, drone maker IdeaForge IPO, and more

Shares of drone maker ideaForge Technology are commanding a premium of nearly 70 per cent in the grey market ahead of its initial public offering

Sebi, Securities and Exchange Board of India
premium

Sundar Sethuraman Mumbai
Likely room at the top at Sebi

In about a month, capital markets regulator Securities and Exchange Board of India (Sebi) could stare at two crucial vacant positions as the tenure of its whole-time members (WTMs) ends. S K Mohanty’s term ends this week, while that of Ananta Barua’s a month later. “Both outgoing WTMs have spent nearly five years. There could be a void at the top. If the government doesn’t fill the vacancies fast, the workload could pile up,” observes a person privy to the regulator’s workings. Applications for these positions were invited between March and April. A year