25 Sep 2025 | 3 Mins Read
Sigma Solve fined Rs 2 lakh by Sebi for IPO misuse
Flipitmoney
Sebi slapped a Rs 2 lakh penalty on Sigma Solve for altering IPO proceeds usage. The company transferred excess money for general corporate purposes, exceeding Sebi's 25% limit. A fine of Rs 1 lakh was imposed on merchant banker Beeline Broking Limited for failing to conduct due diligence and ensure proper care.