The Bombay Stock Exchange (BSE) has rejected Jetking Infotrain's initial public offering (IPO) application, citing concerns over the speculative nature and regulatory uncertainty of the company's cryptocurrency investments. Jetking had previously raised 61 million rupees through a private placement, with a portion allocated to digital assets. Following the BSE's decision, Jetking's stock price fell nearly 10% over five days, closing at 241.65 rupees. The company is contemplating legal action in response to the rejection, underscoring India's cautious regulatory approach to corporate crypto investments despite increasing retail interest in digital currencies.