Daily News from Bse,Nse Stock Markets of India |IPO Information
May 14th, 2008 — SEBI
The Securities and Exchange Board of India, or Sebi, board has approved the escrow format for IPO or rights applications which means that the retail investors will pay only on allotment.
The board has also given an in-principle nod for alternative payment for public or rights issues. Sebi has allowed lien on investors’ bank accounts for IPO application.
November 28th, 2007 — IPO, SEBI
Kolte Patil issue has been recently completed and like Dhanus Technlogies there is a new problem with the Kolte Patil Public issue also. SEBI has guided Kolte-patil to give exit option to the investors who have invested in the issue.
In an statement issued by the Kolte-patil the company has said, that from now onwards till the end date of 4th December, investors can withdraw their applications if they like from the issue. The issue raised following a litigation faced in relation to the company’s ‘Whispering Meadows’ project and the company has not clearly mentioned these legal cases in their Draft prospectus.
October 25th, 2007 — IPO, SEBI
Reliance Power Limited (RPL) has lodged a complaint with SEBI against 29 individuals who were belived to be carrying out  campaign against the Reliance Power IPO.
Market sources claimed that the complaint with SEBI carries names from different sections ranging from Parliament Members, State Legislators and to those in Reliance Industries Limited.
August 24th, 2007 — SEBI
The SEBI board has decided to clear the application of National Securities Depository Ltd, (NSDL) to act as a central record-keeping agency (CRA) under the new pension scheme of PFRDA. Earlier, SEBI had rejected NSDL’s application on the ground that it was not part of the core activities of the depository.
SEBI board, at its meeting on Wednesday, has cleared the proposal subject to certain conditions, an official said.
August 15th, 2007 — SEBI
After ASK Financial Securities has been fined by SEBI, now it is the turn of BRICS Securitie to which SEBI has imposed penalty of Rs 10 Lakhs . It is the second brokerage that has run into trouble with market watchdog SEBI for conducting transactions for Manoj Seskaria, after SEBI banned him from accessing capital markets.