SEBI has placed this consultation paper with the objective to seek public comments on the proposals to review the price discovery mechanism through Pre-open Call Auction Session for IPO and re-listed scrips on the date of their listing or re-listing. Representations have been received by SEBI stating that the dummy price band and the mechanism for base price in case of a re-listed scrips are leading to situations of artificially suppressed price discovery. Subsequently, there is persistent buying pressure in the scrips in the normal market leading to continuous hit of the upper circuits and Additional Surveillance Measures (ASM) as applicable in the respective exchanges. Public comments or suggestions are invited on the above mentioned proposal and should be submitted latest by June 11, 2026
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