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Recent News
Recent News
he decision of the market regulator Sebi to allow e-IPO or electronic issuance of IPO is
likely to increase retail participation and may provide momentum to the primary market, experts said today.
"To increase the reach of IPO through e-IPO process is a significant decision for wider participation and we hope this will also result in reducing the listing time," Executive Director and Chief Executive Officer of Angel Broking, Amit Majumdar told PTI here.
He also said the increase of price band to Rs 10,000-15,000 will result in better participation from investors.
Majumdar said the government's disinvestment programme to raise Rs 30,000 crore would provide much needed impetus to the primary market with e-IPO process in place.
Referring to mutual fund industry, he said the commission structure for distributors was not yet clear.
"The commission structure for distributors is not clear. However, these are welcome steps taken by Sebi for reviving the mutual fund industry," he said.
Executive Director of Kotak Investment Banking, Gesu Kaushal said these measures would definitely help to tap the domestic capital pool.
Retail participation is likely to increase through the measures announced by Sebi while steps taken with regard to mutual fund industry would see higher penetration, she said.