NEW DELHI: The Securities and Exchange Board of India (SEBI), has hiked the investment limit for investors in intial public offerings (IPOs) to Rs 200,000.
The market regulator raised the limit to attract more retail participants into the market.
Mr C B Bhave, Sebi Chief said, “The board approved categorising all investors putting in up to Rs 2 lakh to buy shares through a public offer as retail investors.”
In 2005, the revision was to Rs. 100,000 from the earlier Rs. 50,000.