SEBI TO CURB IPO LISTING VOLATILITY

In order to curb excessive speculation and volatility of a stock at the time of listing, market regulator Securities & Exchange Board of India (SEBI) has proposed a 25% price band on the issue price, on the listing day, of an IPO upto Rs.250 Crore in size. This would not apply in case of recommencement of trading in equity shares of a company on the stock exchange.