Use of IPO Proceeds: Why SEBI Questions “General Corporate Purpose” More Closely Today?

This is Part – VIII of the Capital Markets article series. An Initial Public Offering (IPO) is a landmark event in the lifecycle of any company. Beyond the transfer of stakes, rebalancing of the capital structure, etc., the IPO acts as a fundamental public trust exercise where the retail and institutional investors commit capital subject... Continue Reading →

When the Market Opens and the Investigation Has Already Begun

- By Nitin Jain Indian capital markets have evolved faster than the legal systems designed to regulate them. With the Securities and Exchange Board of India (SEBI) introducing automated price-band widening during pre-open call auctions alongside instant PAN-based validation, the regulatory apparatus is now entirely digital, instantaneous, and rigid. For high-frequency trading (HFT) desks, algorithmic... Continue Reading →

IPO Readiness for PE-Backed Companies: Alignment Issues Between Founders and Investors

This is Part – VI of the Capital Markets article series. Introduction The decision to take a private equity–backed company public is among the most consequential events in that company’s lifecycle. It marks the transition from a closely governed, contractually ordered private structure to a publicly accountable company regulated by the Securities and Exchange Board... Continue Reading →

GIFT City & HFT Regulatory Disputes

By - Nitin Jain The entry of global algorithmic traders and High Frequency trading (HFT) firms into GIFT City is reshaping cross-border financial markets. Drawn by intense tax optimisations for derivatives trading within the International Financial Services Centre (IFSC), these systems execute millions of trades every second, looking for tiny pricing differences across global markets.... Continue Reading →

The Hidden Risk in IPO Timelines: Why Delayed Regulatory Clean-Up Can Derail Market Windows

Authored by Mallika Agrawal, Associate and Sanchith Shetty, Associate under the guidance of Riddhi Dutta, Senior Associate and Archana Balasubramanian, Partner This is Part-III of the Capital Markets article series. In the Indian capital markets ecosystem, an Initial Public Offering (“IPO”) is often viewed as a milestone of growth, credibility and investor confidence. Founders are... Continue Reading →

Preparing for a Main Board IPO: What Promoters Should Fix 18 Months Before Filing the DRHP

This series comprises eight articles offering practical insights into the Indian IPO journey, authored by lawyers with extensive experience in the capital markets space. Designed as a consolidated resource, the series aims to assist promoters, founders, and emerging businesses considering an Initial Public Offering by providing a practical perspective on key legal and regulatory aspects... Continue Reading →

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