IPO: Is disruption the way to go?

The initial public offering (IPO) season is back. We are on the threshold of the largest IPO after the IPO of Reliance Power Ltd in 2008. The issues from insurers, stock exchanges and infrastructure investment trusts on the equity side and large debt issues from housing finance companies form an interesting line up. This is a sign that our markets are preparing for the next phase of broad-based investor participation. During these 8 intervening years, the Securities and Exchange Board of India (Sebi) has made the IPO process more investor friendly, speedier, and more transparent and inclusive.

This article was originally published on September 19, 2016.