Press Esc to close
Monday 27 March 2017
News updated at 12:17 AM IST

'I-bankers need to introspect their roles'

Mumbai, Dec 19, 2012, DHNS:
Sebi on Wednesday suggested investment bankers (I-bankers) to introspect their role on the price discovery mechanism in primary markets even as retail investors are more often clueless over their returns as scores of stocks are trading way below the listing price.

“The very credibility of our markets is at stake and I-bankers need to introspect whether their behaviour challenges the entire merit-based versus price discovery mechanism or not. We need some amount of sanity in pricing and IPO disclosures,” Sebi Chairman U K Sinha said here while inaugurating a summit of i-bankers.

Sinha pointed out that many of the newly listed stocks are trading below listing price saying, “There is something wrong if two-thirds of the issues between 2009 and 2012 are trading below market decline levels. Call auction data shows that volatility on opening day has reduced considerably.”

Sebi, he continued, noticed in some IPOs that due diligence wasn’t done. “Assets mentioned were either missing or weren’t even mentioned,” he added.

Go to Top

Photo Gallery
MDMK chief Vaiko interacts with Tamilnadu farmers during a protest at Jantar Mantar in New Delhi...

MDMK chief Vaiko interacts with Tamilnadu farmers during a protest at Jantar Mantar in New Delhi...

Administrative officers and people together take the oath for National Mission...

Administrative officers and people together take the oath for National Mission...

Bollywood actor Alia Bhatt visits a dance academy in Mumbai on Saturday...

Bollywood actor Alia Bhatt visits a dance academy in Mumbai on Saturday...

Folk artists perform at a cultural event in Chikmagalur on Saturday...

Folk artists perform at a cultural event in Chikmagalur on Saturday...

The three woman Rotarians Meenakshi Aravinth, Mookambika Rathinam and Priya Rajpal...

The three woman Rotarians Meenakshi Aravinth, Mookambika Rathinam and Priya Rajpal...

Spirited Indian cricket fans waving the tricolour during the second day of last Test match...

Spirited Indian cricket fans waving the tricolour during the second day of last Test match...

Industrialist S K Birla honours Infosys Foundation chairperson Sudha Narayana Murthy...

Industrialist S K Birla honours Infosys Foundation chairperson Sudha Narayana Murthy...

Austria's Stefan Kraft, the overall winner, kisses the trophy at the World Cup Ski Jumping final...

Austria's Stefan Kraft, the overall winner, kisses the trophy at the World Cup Ski Jumping final...

Prime Minister Narendra Modi addresses an event organised at the residence of Union I & B Minister..

Prime Minister Narendra Modi addresses an event organised at the residence of Union I & B Minister..

People look at floral tributes in Parliament Square, London, Sunday, March 26, 2017, laid out...

People look at floral tributes in Parliament Square, London, Sunday, March 26, 2017, laid out...

Like us on Facebook

Copyright 2017, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523