IPO market forecast remains moribund despite market regulator's concessions

The initial public offering (IPO) market is expected to remain moribund even as share sales in large listed firms rake in billions of dollars. Investment bankers say the IPO market freeze could extend till the end of this year despite several concessions given by market regulator Securities and Exchange Board of India (Sebi). On the other hand, there is healthy appetite for shares in listed companies with leadership position in their respective sectors, they add.

Last month, Sebi decided to extend the validity by six-month for IPOs whose validity expire between March 1 and September 30. The move is set