The Ministry of Corporate Affairs ("Ministry") has, in a Notification dated 22nd January 2019 amended the Companies (Prospectus and Allotment of Securities) Rules, 2014 ("Principal Rules"), by notifying the Companies (Prospectus and Allotment of Securities) Amendment Rules, 2019 ("Amendment Rules").
Last week's five IPOs found one priced above its latest filing terms, two within and two below. Not surprisingly, one popped, two struggled and the other two flopped.