IPO pricing should be done more carefully in volatile times: Sebi chief

Debt crisis at a major infrastructure company in Sept and tightened liquidity due to global trade tensions have dampened investor sentiments

The chief of India's capital market regulator on Tuesday expressed concerns about the slow pace of initial public offerings (IPOs) hitting the market despite approval for filings worth around 600 billion rupees ($8.43 billion).
 

However, Ajay Tyagi, the chairman of Securities and Exchange Board of India (SEBI), cautioned that pricing of IPOs should be done more carefully in volatile times.
 

Fund raising by small-and-medium-sized companies have doubled as against last year, Tyagi said addressing an investment banking event in the city.

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