Sebi looks to split HNI part of IPO

In an attempt to ensure mid-sized investors do not get pushed out of public offers by very large investors, Sebi on Monday proposed to segregate the HNI portion in IPOs into two parts. Under the first sub-category within the overall HNI segment, only those investors who submit applications of between Rs 2-10 lakh will be allowed. Those investors who want to put in applications of more than Rs 10 lakh will be clubbed into the second sub-category.

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