Sebi chief hails home listing of tech cos, says markets entering new era

Views follow a stellar response to India's first unicorn IPO by food delivery company Zomato, which was subscribed nearly 40 times

Domestic capital markets are entering a new era with several new-age companies preferring to list domestically, said Ajay Tyagi, chairman, Securities and Exchange Board of India (Sebi).

“Our markets offer as attractive a fundraising proposition as any overseas market. Recent filings and public offerings reflect the maturity of our market to accept the business model of new age tech companies, which aren’t amenable to valuation through conventional metrics of profitability. Successful IPOs of such companies are likely to attract more funds in domestic markets; thus creating a new ecosystem of entrepreneurs and investors,” Tyagi said while delivering a speech at