SEBI MOOTS CALL AUCTION ON LISTING DAY TO CHECK SWINGS

To minimize volatility and price manipulation on listing day, stock market regulator Securities and Exchange Board of India (SEBI) has extended the call auction concept to initial public offerings (IPOs) and re-listings. SEBI has prescribed 100 per cent margin requirement for buying and selling shares in call auction period for an issue size of up to Rs 250 crores.