IPO allotment manipulation


professional accountant

 SEBI serves notices to 2 for IPO allotment manipulation

Our Bureau

Mumbai, Two persons accused of manipulating allotment of IPO shares meant for retail investors have been directed to disgorge more than Rs 1 crore, and have also been barred from accessing the securities market for a certain period of time.

Both these persons had been restrained from accessing the markets by an ad interim ex-parte order of SEBI in April 2006. SEBI had issued show cause notices to them.

SEBI’s order on Monday directed Mr Dhaval Mehta described as a key operator who engineered multiple IPO applications and retail category shares in the IPO of Suzlon Energy Ltd and IDFC Ltd has been asked to disgorge Rs 72 lakh; he has also been barred from transacting in the securities market for another five years.

Ms Himani Patel a key operator and financier in the IPO of Suzlon Energy, has been asked to disgorge Rs 33.5 lakh and barred from accessing the securities market for an additional period of four years.

http://www.blonnet.com/2008/11/12/stories/2008111252651000.htm

 

 
Reply   
 

Thanks for the informations

 
Reply   
 
Company Secretary

thnx for informing..........

 
Reply   
 
Founder & Director - Holistic Investment Planners (P) Limited

Factors To Consider Before Investing In IPO’s.

IPO’s or initial public offering is best understood as the first public offering of shares by a private limited company before listing in a stock market. Looking down IPO’s history of success and failure stories, you would be smart to first fully understand the various aspects behind such offerings and makes the right choice to invest or not in IPO’s. It is advisable to understand that investing in IPO’s could prove risky with unfavorable market situations and sentiments and when the fundamentals of the company and industry are weak. It is best to go by facts, avoid being influenced by rumors and have a closer look at the past performances also.

 

http://www.holisticinvestment.in/before-investing-in-ipo

 

Regards

Ramalingam K, MBA, CFP,

Director and Chief Financial Planner,

Holistic Investment Planners

“Best Performing Financial Advisor Award” Winners from CNBC TV18

www.holisticinvestment.in

(Follow us on)

http://www.facebook.com/holisticinvestmentplanners

 
Reply   
 
Financial Adviser

That's really very valuable information about the manipulations in Stock Market

 
Reply   
 

LEAVE A REPLY

Your are not logged in . Please login to post replies

Click here to Login / Register  

 


×

  CCI MENU