- SEBI feels that retail individual investors who have the capacity and appetite to apply for securities worth above one lakh rupees were constrained from doing so because of the one lakh limit nor do they make an application under the non institutional investor category because the allocation there is limited to 15% as against 35% for retail individual investor category.
- Inconvenience faced by merchant bankers in big offerings to get enough number of retail investors because of the limit of one lakh rupees.
- Due to factors like inflation, currently one lakh rupees can buy only lesser number of shares as compared to 2005 (when the one lakh limit was fixed).
Curbing Merchant Bankers
3 weeks ago
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