The Sebi chairman D R Mehta has already expressed his concern about the present state of the primary market and the Association of Merchant Bankers of India
members were apparently surprised over the patient hearing they got. This clearly corroborates the fact that serious attention is being given to the revival of the primary market.
The debate for allowing or not allowing incentives has been thrown open and opinions on the issue vary. The regulator seems to be of the opinion that incentives can be allowed only if they benefit all category of investors. Lotteries and other type of `bumper draw
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