Get IPO pricing right: Sebi chief to bankers

Sebi was looking to bring down the time between closing of an IPO and listing of the security from six days at present to four days, says Ajay Tyagi

Sebi Chairman Ajay Tyagi. Photo: Kamlesh Pednekar
Sebi Chairman Ajay Tyagi. File Photo: Kamlesh Pednekar

Capital market regulator, the Securities and Exchange Board of India (Sebi), has asked investment bankers to price initial public offerings (IPOs) in a manner that retail participation will not be compromised.   Speaking at the Association of Investment Bankers (AIBI) summit, Sebi Chairman Ajay Tyagi said, “We want retail participation to grow. Investment banks have to ensure that IPOs are priced rightly.”   Tyagi said 2017 has been “very satisfying” for IPOs, with the amount mobilised through new offerings being higher than the previous six years ...