SEBI’s Role in an IPO Issue

SEBI's Role in an IPO IssueAny firm doing a public issue or a listed firm building a rights issue of value of greater than Rs 50 lakh is needed to file a draft offer document along with Securities and Exchange Board of India for its observations. The firm can continue additionally on the issue only after obtaining observations from Securities and Exchange Board of India . The validity duration of SEBI’s observation-letter is 3 months only

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