SEBI approves norms for e-IPOs

The Securities and Exchange Board of India (Sebi) board has approved a wide range of comprehensive reforms to revamp the primary markets. The reforms include norms for e-IPOs as well

Addressing the press, Sebi Chairman UK Sinha said that the market regulator will ensure a minimum lot of shares for retail investors in IPOs and approves e-IPO procedure for electronic bidding in public offers.

SEBI has been quite active, of late, as far as the reforms in primary market is concerned and e-IPOs is one more step in that direction. It is hoped that the steps would revive the poor interest of investors in the Indian primary markets