SME on the rigging of IPO money, ban on promoters – sme promoters ban on iPO Money Rigging – Business Standard

Facebook Twitter Linked In WhatsApp Gmail market regulator SEBI on Tuesday banned the entry of securities in the security of the Sinoptics Technologies and the promoter group in terms of alleged rigging or misuse of the amount received from the IPO. The IT network solutions company NSE was listed on Emerg. The regulator also banned First Overseas Capital, lead manager of Sinoptics IPO and stopped the merchant banker from taking any new work till further orders. Veritas Finance, Laxmi India and three other IPOs approved the initial public issue (IPO) of companies including Veritas Finance, Laxmi India Finance, Jaju Rashmi Refractor, Ajay Poly and Regal Resources. The public issue of NBFC Veritas will issue new shares of Rs 600 crore and offer OFS of Rs 2,200 crore. Another NBFC, Lakshmi India Finance received SEBI approval for its public issue, which will issue 1.04 crore new shares and includes OFS of 56.4 lakh shares from the promoters. Meanwhile, Rathud Services has withdrawn the application IPO. Muthoot Microfin received 72.2 ESG score SEBI ESG rating provider Care ESG has provided an ESG score of 72.2 to Muthoot Microfin, which is much above the average 57 of the financial services industry. Top level Carey ESG 1 ratings shows 100 % female borrower base of the company, net-zero targets by 2040 and independent board administration. First Published – May 6, 2025 | 10:46 PM Ist Facebook Twitter Linked In Whatsapp Gmail related posts

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