India's Securities and Exchange Board of India (SEBI) is set to implement stricter regulations for merchant bankers to enhance the integrity of the initial public offering (IPO) process. This move comes amid rising concerns regarding the role of these bankers in the IPO landscape. Additionally, SEBI has ordered the Bombay Stock Exchange (BSE) to halt the listing of Trafiksol ITS Technologies due to concerns about the potential misuse of IPO proceeds. The Trafiksol IPO was notably oversubscribed by 345 times, indicating strong investor interest. A probe into the company's activities is expected to be completed within 30 days. In related developments, SEBI has clarified that Bajaj Finserv's transaction with Allianz SE qualifies as a related party transaction, necessitating shareholder approval. Furthermore, SEBI has barred key management personnel of Cressanda Railway Solutions due to allegations of financial manipulation.