 "Sebi probes investment banks for inflated IPO fees, revealing potential malpractices in India’s booming small business offerings.")
Sebi probes investment banks for inflated IPO fees, revealing potential malpractices in India’s booming small business offerings.
India’s securities regulator, SEBI, is investigating six investment banks over high fees related to small business IPOs, which are reportedly reaching 15% of funds raised—far above the typical 1-3% range. This investigation, which started earlier this year, aims to combat malpractice in a booming IPO Market. SEBI is concerned that these inflated fees encourage artificial ...
