noticed.
2
The issue regarding alleged manipulations in Initial Public
Offerings (IPOs) of various companies had been engaging the
attention of the Board for some ... received some information
regarding the alleged abuse and misuse of the IPO allotment process.
As a part of its ongoing surveillance activity, the Board initiated
into the issue of shares of 21 companies through initial public offerings (IPOs) during
the period 2003-2005. Investigations revealed that shares in the aforesaid ... IPOs,
which were reserved for retail investors, were irregularly acquired by many entities
2
through the medium of thousands of fictitious/benami applications. For this
Limited and Infrastructure Development Finance Company Limited in the Initial
Public Offerings (IPOs) made by them is the short question that arises for our
consideration ... well. These appeals are an offshoot of the Initial Public Offerings (IPO) scam
that was unearthed by the Securities and Exchange Board of India
29th June, 2011 at the time of its Initial
Public Offer („IPO‟ for short) with the following
objects of the issue, namely:
1. To meet ... Shares on Bombay
Stock Exchange Limited (BSE).
3. The proceeds of the IPO were to be utilised in the
following manner:
(in lakhs)
Sr. Particulars
involvement in a new issue of capital, including Initial Public
Offering (IPO), follow-on issue, etc. in the Securities Market for a period of
five ... carrying out "reasonable due diligence" in the matter of IPO of above said
the Issuer Company Company while acting as a BRLM
incorporated under the
Companies Act, 1956 , in the process of floating an IPO filed its Red
Herring Prospectus dated August 17, 2011 and Prospectus dated ... September 14, 2011 and came out with an IPO of 57,45,000 equity shares
of ` 10/- each for cash at a price
information regarding the alleged abuse and misuse of the Initial Public
Offering (IPO) allotment process. It initiated a probe. Preliminary investigations
revealed that certain entities ... cornered IPO shares reserved for retail investors by
making applications in the retail category through the medium of thousands of
fictitious/benami applicants with each
funds for the above expansion project through the
Initial Public Offer ("IPO") and assured that they
would handle all the formalities. Accordingly ... appointed D&A Financial Ltd., as the
Merchant Banker for the IPO.
d) On 25.11.2010 Draft Red Herring Prospectus
("DRHP") was filed
SEBI and in matter of Initial Public Offering (hereinafter to as IPO) of Edserv
Softsystems Ltd. (hereinafter referred ... Capital Limited ("Ashika") as co-
Book Running Lead Manager for IPO of ESL during 2009 and Resondent have
held that Appellant failed
stock exchanges submitted their preliminary observations on the Initial Public Offering (IPO) of Yes Bank Ltd. (YBL) which hinted at the possibility of large scale ... Operators") and these entities had cornered/ acquired the IPO shares, by making applications in fictitious/ benami names with each of the applications being
