Govt Cautions IPO Investors

The government on Dec 24 cautioned small investors against misleading advertisements of companies looking to tap the capital market and advised them to verify their credentials before putting in their money. The Ministry of Corporate Affairs has, in fact, offered its services to investors for helping them check the promoters'' track record and regulatory compliances, among others. The caution came in a public interest advertisement in leading newspapers on Dec 24 and assumes significance in the wake of over 50 IPOs awaiting regulatory clearances.