ISSUE:
What is the status of irregularities observed with the issue of shares in the nature of IPO?
RULE:
When there is an Initial Public Offering (IPO), the shares are made available to the general public in a specific way so that even small investors, referred to as "Retail Individual Investors" (RII) in the following, also have a good chance to buy shares of newly floated companies or shares of existing companies as and when they are made available to the general public.