This move follows a rise in SME (small and medium enterprises) issues, which has driven significant investor participation. New Delhi: Markets regulator SEBI on Tuesday proposed increasing the minimum application size for SME IPOs to up to Rs 4 lakh, to ensure that only informed investors with adequate risk appetite and investment capacity can apply. This move follows a rise in SME (small and medium enterprises) issues, which has driven significant investor participation. With the rise in SME issues, investor participation in such offerings has also grown significantly. The applicant-to-allotted investor ratio has surged from 4 times in FY22 to 46 times in FY23 and further to 245 times in FY24. “The retail individual participation has increased in the SME IPO over the last few years. Therefore, considering that SME IPO s tend to have a higher element of risks and investors get stuck if sentiments change post-listing, to protect the interest of smaller retail investors, it is prop
Addressing an event in Mumbai, Goyal said the country’s foreign direct investment (FDI) norms are clear for the e-commerce retail and these companies should stick to the rule of the law New Delhi: Commerce and Industry Piyush Goyal On Tuesday said the country’s foreign direct investment (FDI) norms are clear for the e-commerce retail and the companies in this segment should respect the law of the land. Recently, the minister stated that these firms violate FDI norms and follow predatory pricing. He had questioned Amazon ‘s announcement of a $1 billion investment in India, saying the US retailer was not doing any great service to the Indian economy but filling up for the losses it had suffered in the country. Addressing an event in Mumbai, Goyal said e-commerce companies should stick to the rule of the law. “The law of the land is very clear about foreign direct investment…I have been repeatedly talking about the subject that every ecommerce company should respect the law of the l