IPO pipeline strengthens; 38 cos file draft papers in March

The Indian IPO market is witnessing a remarkable surge in preliminary filings, with 38 companies submitting papers to SEBI in March 2026, signalling robust issuer confidence and strategic regulatory compliance despite prevailing market volatility. Illustration: Dominic Xavier/Rediff.com Key Points A

Sebi mulls allowing gift cards, prepaid instruments to invest in mutual funds

Sebi suggested a cap of Rs 50,000 per investor per financial year for investments made through gift PPIs. Photograph: Francis Mascarenhas/Reuters Key Points These PPIs will be funded only through electronic bank transfer or UPI Sebi suggested a cap of