SEBI to initiate IPO reforms to ensure good quality

The Security and Exchange Board of India (SEBI) would soon initiate actions for reforms in IPO market, SEBI Member Rajeev Agrawal said according to Moneycontrol.com. "Our objective is to ensure good quality of IPOs as well as rational pricing of the IPOs. For this purpose, we are going to introduce several actions in coming days," he said.

"It is important to take actions to create awareness among people about the market as well as risk involved in the market simultaneously. We have good resources in persons in the country to create awareness programmes," he added