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Sebi chief Ajay Tyagi asks investment bankers to get IPO pricing right

Sebi is looking to bring down time between closing of IPO and listing of security from 6 days to 4 days

ajay tyagi, Sebi
Sebi Chairman Ajay Tyagi. Photo: Kamlesh Pednekar

Capital market regulator Securities and Exchange Board of India (Sebi) has asked investment bankers to price initial public offerings (IPOs) in a manner that retail participation is not be compromised. At the Association of Investment Bankers (AIBI) summit, Sebi Chairman Ajay Tyagi said, "We want retail participation to grow but investment banks have to ensure that IPOs are priced rightly." Tyagi said 2017 has been "very satisfying" for the IPO market as the amount mobilised through new offerings is higher in comparison to previous six years combined. He said ...