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SEBI hikes retail investor limit in IPO to Rs 2 lakh

Posted on 25 October 2010,    
 8859    Share  Report

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.