SEBI increased ceiling for investment in IPOs
Intial Public Offer, popularly called IPO is the offer of company shares to general public. Companies offer IPOs to raise money to their business. Till date retail / individual investors can not buy shares for more than 1 lac in IPOs. In the year 2005 this ceiling was lifted from Rs. 50000 to Rs. 100000.
Due to increased awareness of Stock market in the recent years the investments by retail investors have increased. Securities Exchange Board of India (SEBI) is the legal body governing the activities of Stock Exchanges. SEBI released the Draft Report for the increase of Maximum ceiling from 1 lac to 2 lac rupees. So those interested in Public Issues can utilize this. SEBI will finalize this during November, 2010.
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