SEBI Uses Back Door Route To Push IPO Safety Net
  • Prabha Hegde
  • Jun 21 2013

SEBI has yet to make the safety net mechanism mandatory for IPOs. But that has not stopped the market regulator from pushing issuers to include a safety net mechanism in upcoming IPOs through the back door. With no clear guidelines out yet on the matter, issuers are wary of how this system will work.