SEBI issued a circular modifying the duration of the call ...
New rules to prevent market manipulation! Pre-open trading for IPOs & relisted stocks now more secure & transparent. Stay informed & trade wisely!
Circulars SEBI
June 21, 2024
SEBI issued a circular modifying the duration of the call auction in the pre-open session for Initial Public Offer (IPO) and relisted scrips to prevent market manipulation. The session now lasts 60 minutes, with specific time allocations for order activities. Stock exchanges must implement enhanced surveillance measures and generate alerts for excessive cancellations or modifications. Exchanges must report to SEBI and seek explanations from clients for such actions. Transparency is increased by displaying cancelled order details in real-time. These changes are made u/s 11(1) of the Securities and Exchange Board of India Act 1992 to safeguard investor interests and regulate the securities market.
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