Page 8 - Latest Updates on SEBI
FY23 to set new IPO fundraise record
After a blockbuster last year, Indian primary market is set to break its record in the next fiscal year. Our next report does a quick check on what's in store for the primary markets in FY23
 "FY23 to set new IPO fundraise record")
Post record Rs 1.1 trn FY22 IPO fundraise, next fiscal may set new record
54 companies plan to raise Rs 1.4 trillion in FY23 after 52 Indian corporates raised an all-time high Rs 1.11 trillion through initial public offers (IPOs) in FY22, Prime Database report said
 "Post record Rs 1.1 trn FY22 IPO fundraise, next fiscal may set new record")
Sebi directs Ruchi Soya to allow FPO investors to withdraw bids
Circulation of unsolicited SMSes advertising the issue violates regulations, says the market regulator; Sebi orders a 3-day window for all investors (ex-anchor Investors) to withdraw applications
 "Sebi directs Ruchi Soya to allow FPO investors to withdraw bids")
SAT sets aside Rs 1-cr penalty imposed on Brickwork Ratings by Sebi
The tribunal reduced the penalty to Rs 10 lakh and held certain findings in Sebi's order cannot be sustained.
 "SAT sets aside Rs 1-cr penalty imposed on Brickwork Ratings by Sebi")
HMA Agro Industries files initial papers for Rs 480-crore IPO
Aryaman Financial Services is the book running lead manager for the IPO
 "HMA Agro Industries files initial papers for Rs 480-crore IPO")
Sebi issues product specifications related to electronic gold receipts
Sebi on Monday came out with product specifications pertaining to electronic gold receipts.
 "Sebi issues product specifications related to electronic gold receipts")
Poonawalla Fincorp case: Sebi removes securities market ban on 8 entities
Apart from barring the eight entities, including seven individuals from the securities market, Sebi, in September 2021, had also ordered impounding of wrongful gains worth over Rs 13 crore
 "Poonawalla Fincorp case: Sebi removes securities market ban on 8 entities")
Sebi penalises erstwhile Essar Steel India for disclosure lapses
In a 35-page order, Sebi has imposed a fine of Rs 2 lakh on Essar Steel India Pvt Ltd for the disclosure lapses
 "Sebi penalises erstwhile Essar Steel India for disclosure lapses")
Ruchi Soya FPO: Sebi orders retail investors be allowed to withdraw bids
Sebi's directive comes amid 'circulation of unsolicited SMSs advertising the issue'; the window for withdrawal shall be available on March 28, March 29 and March 30, 2022
 "Ruchi Soya FPO: Sebi orders retail investors be allowed to withdraw bids")
Best of BS Opinion: MCD merger, Ukraine's globalisation lesson, and more
Here are the best of BS Opinion pieces of the day
Strategic support
Sebi's proposal will help disinvestment
 "Strategic support")
Travel services provider Yatra Online Ltd files preliminary papers for IPO
According to the Draft Red Herring Prospectus (DRHP), the company plans to utilise the net proceeds from the fresh issue for strategic investments, acquisitions and inorganic growth
 "Travel services provider Yatra Online Ltd files preliminary papers for IPO")
Top headlines: India eyes Mercosur for sunflower oil, mixed reviews on CUET
Business Standard brings you the top headlines at this hour
 "Top headlines: India eyes Mercosur for sunflower oil, mixed reviews on CUET")
Sebi mulls easing 'open offer' pricing formula for PSU disinvestment
Pricing formula to discover open offer price may be eased
Sebi to reduce timelines for completion of buybacks, open offers
Also proposes shortening the share tendering process by five days in the case of both buybacks and open offers
Sebi penalises three individuals for violations in Titan share trades
For violation of the norms, the individuals have been penalised by the regulator
Sunteck Realty case: Sebi reduces penalties on five entities
Sebi had passed an order against the entities in December 2019 and they moved the Securities Appellate Tribunal (SAT) against the ruling
Gujarat Polysol Chemicals files DRHP for Rs 414-crore IPO
The company will use the net proceeds towards repayment or pre-payment in full or in part of all borrowing availed by the company and general corporate purposes
 "Gujarat Polysol Chemicals files DRHP for Rs 414-crore IPO")
Sebi likely to overhaul CIS regulations at board meeting next week
The Sebi board is also likely to approve the regulator's annual accounts for financial year 2021-22
Sebi levies Rs 5 lakh penalty on Axis Bank
During this period, Axis Bank acted as a merchant bank for 22 debt issues launched by various companies.
 "Sebi levies Rs 5 lakh penalty on Axis Bank")
