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Fraud concerns raise red flags for India’s booming tiny IPOs
The crackdown comes after the regulator issued warnings earlier this year of price manipulation in tiny IPOs. Analysts say the development presages greater regulatory action, which may temper further gains in the S&P BSE SME IPO Index of micro listings that has soared more than 5,000% since the start of 2021.
The crackdown comes after the regulator issued warnings earlier this year of price manipulation in tiny IPOs. Analysts say the development presages greater regulatory action, which may temper further gains in the S&P BSE SME IPO Index of micro listings that has soared more than 5,000% since the start of 2021.
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