The Securities and Exchange Board of India (SEBI) has introduced a comprehensive framework to facilitate waiver or reduction of interest in recovery proceedings related to penalty defaults. The guidelines lay out eligibility criteria, application procedures, and exclusions for individuals or entities seeking relief. Applicants must submit detailed justifications for their requests, ensuring transparency and accountability. These measures aim to streamline recovery processes while maintaining fairness in addressing defaults.
Indo Farm Equipment Makes a Stellar Market Debut
Indo Farm Equipment’s stock market debut was a resounding success, listing at a premium of 20.2% above its issue price of ₹215. The robust listing reflects strong investor confidence and heightened demand during the company’s IPO.
Meanwhile, other IPOs have also seen remarkable traction:
- Standard Glass Lining IPO: Oversubscribed by a staggering 185.48 times.
- Quadrant Future Tek IPO: Witnessed an even higher oversubscription of 195.96 times.
These developments underscore the continued enthusiasm in India’s equity markets, with diverse offerings attracting significant investor interest.
AMC Launch Innovative NFO to Attract Investors
Asset Management Companies (AMCs) are introducing innovative New Fund Offers (NFOs) to cater to the evolving needs of investors:
- Bandhan AMC: Launched the Bandhan Nifty Alpha Low Volatility 30 Index Growth, targeting stocks with strong alpha potential and minimal volatility.
- Kotak AMC: Rolled out the Kotak Nifty Smallcap 250 Index Growth, offering exposure to the promising small-cap segment of the market.
These NFOs highlight the AMCs’ commitment to providing tailored investment opportunities, aligning with varied market trends and investor preferences.
