Sebi won't interfere with IPO valuations, says chairman Ajay Tyagi

'Adequate time has already been given for separation of the CMD post. We urge them (companies) to comply before the deadline', said Tyagi

Ajay Tyagi’s four-year-and-nine-month stint as chairman of market watchdog Securities and Exchange Board of India (Sebi) has been largely successful. He helped the market ecosystem ride through the pandemic, oversaw record IPO mobilisation, brought technology advancement for crackdown on insider trading, and introduced a new risk-mitigation framework to protect millions of new investors entering the markets. In an exclusive interview with Samie Modak, Tyagi shares his views on various issues concerning the markets. Edited excerpts:

There are concerns around pricing of start-up IPOs. Does Sebi want to get in?

Sebi as regulator doesn't — and should not — get into