Retail investors are elated as Securities and Exchange Board of India (SEBI) Chairman CB Bhave on Monday increased the investment limit in initial public offer (IPO) and follow-on offer (FPO) to Rs 2 lakh from current Rs 1 lakh.
There is no change in retail investors quota of public offers.
The SEBI discussed issues like preferential allotment to promoters, the takeover regulations, among other issues.
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