Page 45 - Sebi

CMR Green Technologies files draft papers, seeks Sebi's nod to float IPO

CMR Green Technologies Ltd, non-ferrous metal recycler, has filed preliminary papers with markets regulator Sebi seeking its approval to raise funds through an initial public offering (IPO). The proposed IPO is entirely through an Offer for Sale (OFS) of 4.28 crore equity shares, according to the draft red herring prospectus (DRHP) filed on Friday. The selling shareholders include promoter Mohan Agarwal, certain members of the promoter group, and investor Global Scrap Processors Ltd. At present, promoters and promoter group entities hold around 87 per cent stake in CMR Green Technologies, while the remaining 13 per cent is owned by Global Scrap Processors. As the IPO is entirely an OFS, the company itself will not receive any proceeds from the issue; all funds raised will go directly to the selling shareholders. In its draft papers, the company stated that listing is expected to enhance its visibility, brand image and provide liquidity to existing shareholders. This is CMR Green'

NCDEX secures ₹500 cr funding, Citadel and Tower Research among investors

NCDEX has raised over Rs 500 crore with Citadel, Tower Research, Groww and JM Financial among investors as the exchange prepares to enter the equities market

Angel One, BSE shares lose nearly one-fifth value in six sessions

Angel One and BSE lose nearly 20% market value in six sessions as SEBI hints at reforms in equity derivatives, sparking fears over weekly contracts

Sebi grants one-month extension for digital accessibility compliance report

Sebi on Friday extended the deadline by one month for regulated entities to submit their compliance report and action taken report under the mandatory digital accessibility framework in line with the Rights of Persons with Disabilities Act, 2016. In July, Sebi had issued a circular mandating all regulated entities to ensure their digital platforms are accessible to persons with disabilities. The move was aimed at fostering inclusivity in financial services and ensuring investors with disabilities have equal access to market infrastructure. Following requests from market participants seeking more time to comply, Sebi has granted additional extensions for multiple compliance requirements. The markets regulator said regulated entities (REs) will now have time till September 30 to file compliance/action taken reports and provide a list of digital platforms provided by them for investors. Both requirements were due by August 30. The appointment of International Association of Accessibil

Groww gets Sebi approval for $1 billion IPO at $7-8 billion valuation

Groww has received Sebi approval for its $1 billion IPO, which will be India's largest capital market fundraise, valuing the firm at $7-8 billion after profit tripled in FY25

Bye, Thursday Nifty expiry! New NSE derivatives expiry start next Tuesday

The swap in the expiry dates comes amid the market regulator Securities and Exchange Board of India's (Sebi) aim to reduce retail participation in the space

Specialised investment funds rollout nears as AMCs secure Sebi approvals

Distribution capabilities, now limited, will gain strength over time, say MF officials

No more misleading stock tips? Sebi cracks down on fraudulent influencers

SEBI is intensifying its crackdown on unregistered investment advisors and financial influencers who mislead retail investors through social media.

Market manipulation: Jane Street officials to appear before Sebi next month

The high-frequency trading firm will appear before Sebi after being accused of manipulating Bank Nifty trades; proceedings may take up to eight months

Sebi relaxes IPO norms for large firms, steps up action on finfluencers

The Securities and Exchange Board of India (SEBI) on Tuesday said it is undertaking significant reforms to enhance market integrity, facilitate large initial public offerings (IPOs), and strengthen investor protection against manipulation and fraudulent practices. SEBI Whole-time Director Kamlesh Chandra Varshney said the regulator has floated a consultation paper proposing to extend the deadline for achieving 25 per cent public shareholding to 10 years for exceptionally large companies. Currently, companies must meet this requirement within five years of listing. This relaxation, he said, will make large IPOs such as that of the National Stock Exchange more feasible. Varshney added that SEBI is advising merchant bankers and anchor investors to adopt realistic and conservative valuations in IPOs to avoid post-listing price erosion that could dent retail investor confidence. SEBI is also intensifying its crackdown on unregistered investment advisors and financial influencers who ...

Avadhut Sathe denies 'finfluencer' tag after Sebi search, no tips given

Avadhut Sathe, founder of ASTA, denied being a finfluencer after Sebi's search, saying his academy only trains traders and investors and does not provide stock tips or advice

Fake MF redemptions, fraudulent trade apps: Sebi's big warning to investors

The regulator asked investors to exercise caution when encountering messages on platforms like WhatsApp, Telegram, or other apps that claim to offer stock market access through FPIs

Royalties hit 16-year low in FY25 amid regulatory heat, shows data

Royalty and technical knowhow payouts relative to the value of goods produced have fallen to their lowest since FY10, shows the data from the Centre for Monitoring Indian Economy (CMIE)

India exchange-traded funds miss their cue as iShares steps offstage

Indian markets are facing their sharpest wave of redemptions in eight months, even as Chinese equities attract fresh inflows

Street Signs: Microcaps under microscope, double-edged deal, and more

Avendus Spark Institutional Equities narrowly sidestepped potentially disruptive error in Clean Science and Technology block trade, as investment banker was acting as buyer and seller, sources said

Sebi approval for LIC as IDBI Bank public shareholder after divestment

SEBI has approved reclassification of LIC as a public shareholder in IDBI Bank following strategic divestment, subject to curbs on voting rights and board representation

'Regulated pre-IPO trading platform to bring transparency for investors'

Market regulator Sebi's plan to introduce a regulated pre-IPO trading platform could reshape how investors buy and sell unlisted shares, bringing transparency to a space long dominated by the opaque grey market and reducing risks for retail investors, market experts said. Moreover, for employees, especially those holding ESOPs (employee stock options), the framework could be a game-changer. Rajesh Singla, founder and CEO of Planify, which deals in buying and selling of unlisted shares, explained that a large portion of ESOPs remains unutilised today as employees lack access to liquidity options before an initial public offering (IPO). With Sebi's proposed system, they would finally have an avenue to monetise their holdings in a regulated environment. On Friday, Sebi chairman Tuhin Kanta Pandey hinted at introducing a regulated platform for pre-IPO share trading, potentially replacing existing grey market practices. The move, if implemented, may also allow investors to trade shares

Sebi proposes new closing auction framework for liquid derivative stocks

Markets regulator Sebi has proposed a new framework for the Closing Auction Session (CAS) in the equity cash market, starting with highly liquid derivative stocks to determine the closing prices of shares. The proposal, if implemented, is expected to reduce volatility, improve fairness, and make it easier for large and passive investors to execute trades. In its consultation paper, Sebi proposed that CAS would be applied in a phased manner, beginning with stocks available in the derivatives segment-- those with sufficient liquidity--and later extended to all stocks based on experience gained. A closing auction session is a short trading period held at the end of the day to determine the final price of a security. The regulator proposed that session will be held separately for 20 minutes, from 3:15 pm to 3:35 pm, unlike an earlier proposal that suggested conducting it after market hours, between 3:30 pm and 3:45 pm. The session would be divided into four phases --reference price .

Sebi chairman urges caution over micro-cap stocks, calls for transparency

Sebi Chairman Tuhin Kanta Pandey urges mutual funds to exercise caution when investing in micro-cap stocks and bespoke deals, highlighting risks beyond investment

Markets regulator Sebi proposes changes to block deal framework

The regulator proposed to keep two windows for such deals, the morning session 8:45 am IST to 9:00 am IST, and the afternoon session 2:05 pm IST to 2:20 pm IST