Indiabulls key operator in IPOs: SEBI

Indiabulls is perhaps the only institutional market player barred by Sebi in its original order cracking down on market players in the IPO scam. Sebi, in its original report on the IPO Scam, has categorised them as entities who appear to be key operators in various IPOs during 2003 to 2005. Sebi has also directed them not to buy, sell or deal in the securities markets, including IPOs, directly or indirectly, till further directions. Sebi has pointed out that many of the 24 master account holders have, in turn, made further off-market transactions to other entities. This, according to Sebi, indicates that they themselves must have acted as intermediaries for their financiers who appear to be the ultimate beneficiers. Sebi has directed them too not to buy, sell or deal in the securities markets including in IPOs. The 24 account holders identified by Sebi are: Roopalben Nareshbhai Panchal,  Sugandh Estates And Investments Pvt Ltd, Dhaval A. Mehta, Arjav Nareshbhai Panchal, Parag P Jhaveri, Kelan Atulbhai Doshi, Ambuja Estate And Holdings Pvt Ltd, Purshottam Budhwani, Dharmesh Bhupendra M, Jhaveri Securities Pvt. Ltd, Biren Kantilal Shah & Shah Biren Kantilal, Kamal P Jhaveri, Devangi Dipakbhai Panchal, Chandrakant Amratlal Parekh, Dharmesh K Katakia, D B Mehta, Pratik Mafatlal Shah, Dhaval K Katakia, Deepakkumar Shantilal Jain, Himani N Patel, Deepak Madhukant Patel, Indiabulls Securities Ltd, Opee Stock - Link Ltd and Manojdev Seksaria. Sebi has also listed another 85 such entities.

1. Hasmukhlal N. Vora

2. Welvet Financial Advisers Pvt Ltd

3. Jayesh P Khandwala HUF

4. Gautam N Jhaveri

5. Excell Multitech Limited

6. Zenet Software Limited

7. Tauras Infosys Ltd

8. Seer Finlease Private Ltd.

9. Devangi Dipakbhai Panchal

10. Dipak Jashvantlal Panchal

11. Shilpa Rajan Dapki

12. Rajan Vasudev Dapki

13. Bhargav Ranchhodlal Panchal

14. Hina Bhargav Panchal

15. Jayantilal Jitmal

16. Bhanuprasad Dipakkumar Trivedi

17. Umang R Shah

18. Sujal Leasing And Finance Pvt Ltd.

19. Sarvani Choudhary

20. Anand Netanand Choudhary

21. Netanand Surjaram Bhambu

22. Ramesh Chimanlal Shah

23. Netanand Bhambu

24. Saumil A Bhavnagari

25. Masat Texturising And Twisting Private Ltd

26. Chirag Desai

27. Bakul Desai

28. Hemlata Desai

29. Vinita A Choudhary

30. Welvet Financial Advisers Pvt Ltd

31. Vasudev Gordhandas Dapki

32. Sanjay Rameshchandra Shah

33. Himanshu Piyushkumar Choliya

34. Sanjay R. Shah

35. Dushyant Natwarlal Dalal

36. Monal Y. Thakkar

37. Vinod Modha

38. Amadhi Investments Ltd

39. Ritaben R. Thakkar

40. Jitendra Lalwani

41. Veenaben Y. Thakkar

42. Parag P Jhaveri

43. Puloma Dushyant Dalal

44. Rajesh Jhaveri Stock Brokers Pvt. Ltd.

45. Patel Rajeshkumar

46. Deep Stockbroking Private Limited

47. Arth Stockbroking Pvt.Ltd

48. Rasila Natwarlal

49. Natwarlal Thakordas

50. Nimisha Kadakia

51. Rajkumar Jain

52. Balvinder Gurmukhsingh Purswani

53. Jayprakash Girdharilal

54. Niranjan Girdharilal

55. Gurmukhdas Rameshkumar Giyamalani

56. Mehta Bansilal

57. Magnum Equity Services Limited

58. Meenakshi L Phulwani

59. Laxminarain L Phulwani

60. L L Phulwani

61. Anagram Securities Limited

62. Chirag Jayendrakumar Shah

63. Bagrecha Ashok K.

64. Kelan Atulbhai Doshi

65. Ajay Kumar Gupta

66. Ashmi Financial Consultancy Pvt Ltd

67. Chimanlal Girdharlal Shah

68. Sheelu Lalwani

69. Pratik Pulp P Ltd

70. Sonal N Dadia

71. Kiran D Dadia

72. Jayesh N Dadia

73. Dadia Finvest Limited

74. Deepak N Dadia

75. Jasmina J Dadia

76. Natvarlal N Dadia

77. Jasmina J Dadia

78. Natvarlal N Dadia

79. Neha Narendra Dadia

80. Dhaval Narendra Dadia

81. Narendra Harilal Dadia

82. Kashmira Narendra Dadia

83. Rupesh Vipinchandra Shah

84. Karvy Stock Broking Limited

85. Shah Kantilal Jitmal