Sebi to tweak SME IPO norms, bring discussion paper by end-FY25: Bhatia

Sebi is set to tighten norms for SME IPOs after cautioning investors about unrealistic business projections by several small and medium enterprises. A discussion paper will be released before year-end. Additionally, stricter monitoring and auditing will be implemented to ensure compliance, according to Sebi's Ashwani Bhatia at the Global Fintech Fest.