Street Signs: Likely vacuum at Sebi, drone maker IdeaForge IPO, and more

Shares of drone maker ideaForge Technology are commanding a premium of nearly 70 per cent in the grey market ahead of its initial public offering

Likely room at the top at Sebi

In about a month, capital markets regulator Securities and Exchange Board of India (Sebi) could stare at two crucial vacant positions as the tenure of its whole-time members (WTMs) ends. S K Mohanty’s term ends this week, while that of Ananta Barua’s a month later. “Both outgoing WTMs have spent nearly five years. There could be a void at the top. If the government doesn’t fill the vacancies fast, the workload could pile up,” observes a person privy to the regulator’s workings. Applications for these positions were invited between March and April. A year