Given below is list of buyback offers lined up

Studds Accessories Ltd, manufacturer of helmets and two-wheeler accessories, has received markets regulator Sebi’s approval to float an initial share sale.

The company, which had filed its draft papers with the markets regulator in August seeking its clearance for the initial public offer (IPO), obtained Sebi’s observations on December 14, latest data with the capital markets watchdog showed.

Sebi’s observations are necessary for any company to launch public issues like initial public offer, follow-on public offer and rights issue.

Studds Accessories’ IPO comprises fresh issuance of shares worth ₹98 crore besides an offer-for-sale of 39.39 lakh equity shares by promoters Madhu Bhushan Khurana and Sidhartha Bhushan Khurana, and other existing shareholders, according to the draft papers.

The capital markets regulator Sebi on Tuesday voiced concern over the slow pace of primary issues, despite a good market condition, and asked investment bankers to do more "diligence" on the pricing front to get investors in. Chairman Ajay Tyagi said Sebi has given the go-ahead to initial public offers (IPOs) worth over Rs 60,000 crore in 2018, but many of them are yet to hit the street. Till October end, 24 companies raised Rs 30,959 crore through IPOs but most this been in the March quarter.

Last year was the best in terms of IPO fund raising, as the IPO market jumped to an all-time record of Rs 67,147.4 crore in fresh fund raising by over 120 companies, according to data from Prime Database.

When asked if the issue is pricing, he asked i-bankers to do more "diligence" while setting a price that will be acceptable to both the issuers as well as investors.

"Merchant bankers have a role to see that an issue is reasonably priced and which is acceptable to both issuers and investors," Tyagi said.

The Sebi chief seemed to suggest that domestic market conditions are better as compared to global peers, with firm macroeconomic fundamentals and said the rupee fall has also been arrested.

IndianIPOBlog has learnt that SEBI haa lowered IPO listing timeline to T+3 from current T+6

SEBI chairman Ajay Tyagi announced the decision in a press conference after a board meeting in Mumbai.

Currently, a company has to wait for six days after the closure of IPO to get listed on exchanges. The new regulation is expected to further bring down investors exposure to market volatility.

"We have been able to bring down the issue timing from T+12 to T+6 and I would like to mention that all of us have to start working now to further reduce the issue timing," Sebi chairman UK Sinha had said while addressing the annual capital market conference by Federation of Indian Chambers of Commerce and Industry in October 2016.

Join IndianIPOBlog Whatsapp Group for latest updates: Free for early bird members
http://www.indianipoblog.in/2016/12/join-indian-ipo-blog-group-on-whatsapp.html?m=1