SEBI conducted a detailed investigation into the disclosures made by Trafiksol ITS Technologies Ltd in its draft IPO documents and instructed BSE not to proceed with the company's share listing

The company may approach the market afresh after the ongoing proceedings initiated by Sebi are concluded and subject to any directions issued, the regulator said in an order on Tuesday.

The Securities and Exchange Board of India (Sebi) has directed Trafiksol ITS Technologies to refund Rs 45 crore to investors within one week after halting the listing of its SME IPO. Sebi has also instructed the Bombay Stock Exchange (BSE) to oversee the refund process,

In its 16-page order issued on Tuesday, the SEBI indicated that, following an inspection, it appears that the third-party vendor (TPV) might be a shell company.

Having concluded that vendor as a ‘shell entity’, Ashwani Bhatia, whole-time member directed Trafiksol to refund the money paid by the investors,who have been allotted shares in the IPO. BSE, in co-ordination with the bankers to the issue, should oversee the refund process which shall be completed within one week, the SEBI order said.

The Securities and Exchange Board of India (Sebi) initiated an investigation into the role of Ekadrisht Capital, the sole book-running lead manager (merchant banker) for the now-cancelled IPO of Trafiksol ITS Technologies.

In a possible first, the Securities and Exchange Board of India (SEBI) has ordered that refunds be made to investors within one week along with interest after it restricted the listing of Noida-registered Trafiksol ITS Technologies on stock exchange BSE's SME platform last month.

The market regulator has proposed stringent norms for the listing of SMEs following such concerns in the segment

Sebi has directed Trafiksol ITS Technologies to refund Rs 45 crore raised through its IPO due to misstatements in the prospectus and suspected collusion with a shell entity. The IPO was oversubscribed by 345 times.

MUMBAI: Sebi has directed Trafiksol ITS Technologies to refund the Rs 44.9 crore paid by investors who were allotted shares in the company's IPO. BSE, in coordination with bankers, will oversee the refund process,

Markets regulator Sebi on Tuesday directed Trafiksol ITS Technologies to refund Rs 45 crore raised through its IPO, following material misstatements in the firm's prospectus and suspected collusion wi