The Seamy Side of IPOs

A large number of companies have queued up at SEBI to make public issues. SEBI has been accused of dragging its feet in ‘clearing’ them. But when it looked closely at the draft prospectuses, SEBI discovered scores of problems in disclosures. This is the seamy side of a red hot IPO market. Sucheta Dalal investigates

The number of issues queuing to pick up public money has caused a serious...

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