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The Hindu
The Hindu
National
The Hindu Bureau

TSCCB officials warn about surge in IPO scams

IPO SEBI Stock Market

The Telangana State Cyber Security Bureau (TSCSB) have warned stock market investors about a significant rise in scams targeting Initial Public Offerings (IPOs).

While 627 cases were reported in 2023 with a total loss of ₹3.9 crore, a loss of ₹27.4 crore has already been reported in 2024 so far with 213 cases.

These scams exploit the desire for quick profits and use messaging platforms like WhatsApp, Telegram, Instagram and Twitter to lure victims, said Director of TSCSB Shikha Goel.

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