SEBI seems to have used investigations by Bloomberg UTV in cracking down on Almondz, Atherstone and PNB Invest alongwith 7 recent IPO companies like Bharatiya Global, Tijaria Polypipes, Onelife, Brooks Labs and PG Electroplast. These bankers and IPO companies are banned for 3 years from approaching the Capital Markets

These companies are charged with souping up DRHP disclosures sacrificing accuracy, misleading investors as well as using ICD routes to divert fiunds to operators for driving post IPO prices on the bourses from the issue proceeds itself. (earlier version vanilla bridge loans based on IPO value used by brokers and bankers) 

According to B-UTV's Exposed, 30 of 37 issues this year were trading below par

Posted via email from The India Investment Post