The Securities and Exchange Board of India (Sebi) is considering imposing a price ceiling on the day a company's scrip is first listed.
This is aimed at preventing prices of newly-listed shares from rising beyond a certain limit on a day when circuit filters are not in place.
The market regulator has requested the stock exchanges to be vigilant against such huge price increases on the first day of listing when no circuit filter is operational.
Read more in The Business Standard article
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