Lack ‘Lustre’ Listing by Mumbai based Jeweller Tribhovandas Bhimji Zaveri…IPO at Rs 120 but Listing barely manages to touch this Price and closes lower at Rs 111
SEBI had tightened IPO Listing Rules in January 2012 to curb first days price volatility and manipulation by insiders….these are now implemented….IPO Issues below Rs 250 crs will be listed on only Delivery basis for the first ten days after listing and will have 5% tight circuit breakers on an equilibrium price discovered in a …