Impact of Policy Changes on IPO Subscriptions and Investor Exit Patterns
The landscape of Initial Public Offerings (IPOs) in India has undergone significant transformations due to policy changes implemented by the Securities and Exchange Board of India (SEBI) and the Reserve Bank of India (RBI). These changes, particularly the shift from pro-rata to lottery-based allotments for Non-Institutional Investors (NIIs) and restrictions on IPO funding by Non-Banking … Read more