Sebi may tighten SME listing norms, bring in transparency

THE Securities and Exchange Board's (Sebi) board meeting slated for Wednesday is likely to come up with a slew of measures to clean the SME IPOs space that has, of late, received regulatory attention.

- BENN KOCHUVEEDAN @ Mumbai

The regulator is expected to bring in transparency and accountability in listing of SMEs, improve disclosures of unpublished price-sensitive information and improve ease of doing business, a source told TNIE on Tuesday.

Some of the SME listings have seen highly irrational subscriptions, that in some cases topped even 1,000x, and the Sebi is likely to come up with some measures with the objective to encourage and protect retail investors' interest in the SME listing space, the source said.