What is the Basis of Allotment for New IPOs – CARE Ratings, Bharti Infratel, etc for Retail Investors?

The Controversial Regulator of Indian Securities Market, SEBI on the 16th of August passed an order which will affect the Basis of Allotment in the Retail Individual Bidders Category. The SEBI Order said,

With a view to increase the reach of IPOs to investors (more…)