I received an Update from Zeroda about the C2C IPO withdrawal, and I am not sure If i should withdraw it, but delay in listing due to the following reason causes concerns if the amount could be blocked for a long time.
Market regulator SEBI has asked the company to take three actions: appoint independent auditors and obtain a report on its financial accounts (the company has already appointed the auditor, and the report is expected in 2-3 days); give investors (including anchors) subscribing to the IPO the option to withdraw their applications before share allocation, with no new subscriptions allowed; and the NSE will set up a monitoring agency to track the usage of funds after listing.
What are your opinions on this?