The IPO bait

The past three months have seen a regulatory experiment of sorts in the Indian capital markets. The purpose was to bring back retail investors’ interest in initial public offers (IPOs). The experiment has already shown some signs of success. The Securities and Exchange Board of India (SEBI) has allowed IPO-issuing companies to keep their issues open for retail investor for an extra day after the subscription period has been closed for larger and institutional investors. It seems to have worked, at least in case of Engineers India, SKS M

This article was originally published on August 11, 2010.