Market regulator SEBI on Tuesday banned the entry into the securities market on three members of the synoptics technology 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 Securities and Exchange Board of India (SEBI) 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 Meanwhile, Rathud Services has withdrawn the application IPO.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 gets 72.2 ESG score
SEBI licensed ESG rating provider Care ESG has provided an ESG score of 72.2 to Muthoot Microfin, which is significantly 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
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(Tagstotranslate) Sebi ipo ban