Page 52 - Sebi

SIS Cash Service IPO to raise Rs 100 cr, promoters offer 3.7 mn addl shares

Cash logistics player SIS Cash Service Ltd has filed draft papers with the market regulator Sebi to mop up funds through an initial public offering (IPO). The IPO is a mix of fresh issue of shares worth Rs 100 crore and an offer for sale (OFS) of 37.15 lakh shares by promoters, according to the draft red herring prospectus (DRHP) filed on Thursday. Those selling shares in the OFS are SIS Ltd and SMC Integrated Facility Management Solutions Ltd. Proceeds from the fresh issue to the tune of Rs 37.59 crore will be used for the purchase of cash vehicles and fabrication of the secured vehicle; Rs 29.81 crore for payment of debt and a portion will be used for general corporate purposes. SIS Cash Services is the second-largest player in the industry by revenue for fiscal 2024, with an estimated market share of 17-18 per cent, according to a Crisil report. The company operates under the trademark SIS Prosegur, while its wholly-owned material subsidiary, SIS Prosegur Holdings, operates un

Park Medi World files for ₹1,260 cr IPO, includes ₹300 cr shares on offer

Park Medi World, which operates the hospital chain under the Park brand, has filed preliminary papers with markets regulator Sebi seeking its approval to raise Rs 1,260 crore through an initial public offering (IPO). The IPO is a combination of fresh issue of shares worth Rs 900 and an offer for sale (OFS) of shares valued Rs 300 crore by promoter Ajit Gupta, according to the draft red herring prospectus (DRHP) filed on Friday. Furthermore, the company may consider a Pre-IPO Placement of up to Rs 192 crore. If such placement is completed, the amount raised will be reduced from the fresh issue size. The company plans to use the proceeds worth Rs 410 crore for payment of debt and Rs 110 crore will be allocated for funding capital expenditure related to the development of a new hospital and the expansion of an existing hospital by its subsidiaries, Park Medicity (NCR) and Blue Heavens, respectively. A further Rs 77.19 crore is earmarked for the purchase of medical equipment by the ..

Sebi eases intraday monitoring rules for index derivatives amid opposition

As per a circular issued on Friday, any breaches of existing limits will not attract penalties - for now - following concerns raised by industry stakeholders

NSE looks to assuage Sebi concerns around IPO, seeks nod to file DRHP

Underscores steps taken to bolster technology, governance

Sebi includes Green Credit Program under BRSR framework

Capital markets regulator Sebi on Friday decided to include disclosure pertaining to the 'Green Credit Program' by listed companies under the Business Responsibility and Sustainability Reporting (BRSR) framework. The Green Credits can be generated by a listed company and its value chain partners through plantations of trees on waste or degraded lands and river catchment areas. In its circular, Sebi said that 'green credits' generated by the listed company and their top 10 value chain partners can be added as a leadership indicator under Principle 6 of BRSR, which states that businesses should respect and make efforts to protect and restore the environment. This new requirement will be applicable for BRSR disclosures starting from FY 2024-25 and onwards. The disclosure is also in line with the Ministry of Environment, Forest and Climate Change notification issued in February 2024. In addition, Sebi has redefined 'value chain partners', which now encompass the upstream and downstrea

Front running case: Sebi bans 5 from mkts for 1 year, impounds Rs 1.53 cr

Capital markets regulator Sebi on Friday barred five individuals from the securities markets for one year and directed them to impound illegal gains of nearly Rs 1.53 crore made from their front-running activities. The regulator also imposed a penalty of Rs 10 lakh on Nikhil Khaitan, and Rs 5 lakh on Om Prakash Khaitan, Manju Khaitan, Neha Khaitan, and Nidhi Tibrewal. Front-running refers to an illegal practice in the stock market where an entity trades based on advanced information from a broker or analyst before the information has been made public. "... noticee No 1 (Nikhil Khaitan), while being dealer of the Big Clients and having knowledge of... impending orders, front ran the trades of big clients by using trading account of the FRs (Noticee No. 2, 3, 4 and 5) during the IP (investigation period) and gained benefit from non-public information," Sebi said in a 49-page final order. Sebi also stated that the noticees in the process of front running trades of the big client have

Sebi issues framework for fast-track follow-on offer by REITs, InvITs

Markets regulator Sebi on Friday came out with a framework for undertaking fast-track follow-on offers by REITs and InvITs to make fundraising more efficient. Additionally, the regulator has prescribed a lock-in provision of three years for the preferential issue of units of REITs (real estate investment trusts) and InVITs (infrastructure investment trusts) allotted to sponsors. In its circulars, Sebi said 15 per cent of the units allotted to sponsors and sponsor groups will be locked in for a period of three years from the date of trading approval granted for the units. Further, the remaining units allotted to them will be locked in for one year from the date of trading approval granted for the units. Besides, Sebi has clarified on inter se transfer of units among the sponsor or sponsor group entities within a REIT or InvIT. With regards to the follow-on offer, Sebi said the FPO is one of the mechanisms for raising funds subsequent to the issue of units after the initial public .

Sebi extends deadline for MFs, portfolio managers to submit inspection data

To facilitate ease of doing business, Sebi on Friday extended the timelines for portfolio managers and mutual funds for submission of offsite inspection data to the markets regulator. Under this, mutual funds will have to submit the daily data in a monthly file as per the specified formats on a quarterly basis within 15 calendar days from end of the quarter against the current requirement of 10 calendar days, Sebi said in a circular. RTAs will be required to submit such said data on an ongoing basis. As a part of off-site inspection and surveillance of Mutual Funds and to monitor the compliance of the mutual fund norms, Sebi has framed the data structure and all the mutual funds along with RTAs associated with them are required to furnish the data to it. Similarly, portfolio managers will be required to submit data in a specified format for all its clients on a quarterly basis within 15 calendar days from end of the quarter. Day-wise data will be furnished for table headings -- ...

Stock Market Highlights: Sensex closes 191pts lower on Friday; Nifty ends FY25 with 5% gain

Sensex Today | Stock Market Highlights on Friday, March 28, 2025: The Nifty Midcap100 and Nifty Smallcap100 indices closed with losses of 0.32 per cent and 0.15 per cent, respectively

Blackstone-backed ASK gets Sebi approval to enter mutual fund business

Blackstone-backed ASK Asset & Wealth Management Group on Friday said it has received an in-principle approval from the markets regulator Sebi to start its mutual fund business. This development marks a significant step in ASK's expansion plans. The mutual fund offering will complement ASK's existing suite of investment solutions, which cover listed equity portfolio management, and wealth management, providing a broader range of opportunities for investors across segments. "We have received in-principle approval for entering the mutual fund business. India's investment landscape is evolving rapidly, and we see a tremendous opportunity to bring our research-driven, client-centric investment approach to a wider audience. "We are confident that with ASK's deep-rooted expertise and commitment to long-term wealth creation, and with our legacy of trust and performance, we will be able to offer differentiated products that cater to the diverse needs of investors. We look forward to ...

Ardee Engineering files draft papers with Sebi for ₹580 crore IPO

Ardee Engineering Ltd has filed preliminary papers with capital markets regulator Sebi for an initial public offering (IPO) to raise Rs 580 crore. The IPO of the Hyderabad-headquartered company consists of a fresh issue of equity shares worth Rs 500 crore and an Offer-for-Sale (OFS) of Rs 80 crore by the promoter Chandra Sekhar Moturu, according to the draft red herring prospectus (DRHP) filed on Thursday. The company may consider raising Rs 100 crore in a Pre-IPO placement round. If such a placement is completed, the fresh issue size will be reduced. Proceeds from the fresh issue to the tune of Rs 279.6 crore will be used for setting up two new manufacturing facilities at Seetharampur, Telangana; Rs 44.8 crore for establishing a new integrated manufacturing facility at Parawada, Andhra Pradesh; Rs 65 crore for payment of debt and rest for general corporate purposes. Ardee Engineering is an integrated design, engineering and manufacturing company having three primary business line

NSE defers switching to Monday expiry after Sebi's consultation paper

The National Stock Exchange (NSE) has deferred its plan to change the expiry day of all index and stock derivatives to Monday from Thursday until further notice following markets regulator Sebi's consultation paper. The shift, which was scheduled to take effect on April 4, 2025, would have seen all index and stock derivative contracts move from Thursday to Monday. Earlier this month, the NSE had announced that Nifty weekly contracts, currently expiring on Thursdays, would be shifted to Mondays. Additionally, the expiry of Nifty monthly, quarterly, and half-yearly contracts was set to change from the last Thursday of the expiry month to the last Monday. However, in light of Sebi's consultation paper, the exchange decided to delay the implementation of this change until further notice. "Members are required to note that the implementation of this circular is deferred until further notice in view of Sebi consultation paper dated March 27, 2025 on final settlement day (expiry day) for

Markets Today: FIIs; Sebi proposal; Trump tariffs; Gold; Active, Rapid IPOs

FY25 wrap: At 6:34 AM, GIFT Nifty Futures were down 28 points at 23,749, suggesting a negative start

NSE IPO hangs in the balance as Sebi flags regulatory gaps in fresh letter

In a detailed communication, regulator spells out areas that bourse has to address before it goes for an IPO

Insider trading glare on senior IndusInd Bank officials. What do rules say?

Between May 2023 and June 2024, IndusInd Bank CEO Sumant Kathpalia sold nearly 950K shares valued at approximately Rs 134 cr, while Dy CEO Arun Khurana sold 550K shares worth around Rs 82 cr

Pre-clearance seen as key defence for IndusInd Bank execs in Sebi probe

Sebi probes potential insider trading in bank's share sales

Helmet maker Studds Accessories files preliminary IPO papers with Sebi

Helmets manufacturer Studds Accessories has filed preliminary papers with capital markets regulator Sebi to float an initial public offering (IPO). This marks the company's second attempt to go public. Previously, the company had filed draft papers nearly seven years ago. The IPO will be an offer for sale (OFS), with the promoter group and other shareholders selling 77.9 lakh shares, according to the draft red herring prospectus (DRHP) filed on Wednesday. Since the IPO is entirely an OFS, the company will not receive any funds from the issue and the proceeds will go to the selling shareholders. Studds Accessories designs, manufactures, markets and sells two-wheeler helmets under the 'Studds' and 'SMK' brands and other accessories such as two-wheeler luggage, gloves, helmet locking device, rain suits, riding jacket and eye wear under the 'Studds' brand. The products are sold pan-India and in more than 70 countries, with key export markets situated across Americas, Asia (excluding

Sebi fines investment advisor for 'sensational' YouTube captions

Sebi highlighted multiple lapses, including the firm's failure to conduct an annual audit and its practice of charging clients fees in both fixed and assets-under-advice (AUA) modes

Sebi allows trading in Bharat Global Developers shares with conditions

With an aim to protect the interests of investors, markets regulator Sebi on Wednesday allowed trading in the shares of Bharat Global Developers Ltd (BGDL) with the condition to disclose key financial numbers including sales, purchases and profit for the financial year 2024-25 before April 15. Sebi, through an interim order in December, suspended trading in Bharat Global Developers for financial misrepresentation, misleading disclosures, price manipulation, and offloading shares at inflated prices. Additionally, it had put several restrictions on the company and its officials. In its confirmatory order on Wednesday, Sebi directed BGDL to disclose key financial numbers including sales, purchases, profit and net worth for the financial year 2024-25 to the exchange before April 15. Two days after such dissemination, trading in shares of BGDL can resume, Sebi said in its confirmatory order. The latest order came after several investors lodged complaints that their investments are stuck

Axis AMC, five others settle frontrunning-related case with Sebi

According to Sebi's settlement regulations, cases can be settled without admitting or denying the allegations