Market regulator Securities and Exchange Board of India (SEBI) on Thursday made it mandatory for companies planning initial public offers to get rated by agencies and tightened disclosures for real estate IPOs.
The two decisions could affect some high-profile IPOs being planned by big developers, bankers said.
"The grading of IPOs will come into effect immediatly," SEBI Chairman M Damodaran said. "The fees to be paid for grading of IPO would be paid by companies," he said.
Read more at The Financial Express
