Press Esc to close
Saturday 22 November 2014
News updated at 2:18 PM IST
Weather
Max: 28°C
Min : 18°C
In Bengaluru
Sunny day

'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
Elderly women take part in Tug-of War during annual month long sports competition...

Elderly women take part in Tug-of War during annual month long sports competition...

A tigress in a playfull mood at the Maharajbag Zoo in Nagpur, Maharashtra...

A tigress in a playfull mood at the Maharajbag Zoo in Nagpur, Maharashtra...

Indian Air Force (IAF) Sukhoi Su-30 fighter aircrafts make a formation in the shape...

Indian Air Force (IAF) Sukhoi Su-30 fighter aircrafts make a formation in the shape...

Players during the 3rd day of IBSF World Snooker Championship in Bengaluru...

Players during the 3rd day of IBSF World Snooker Championship in Bengaluru...

Interim President, BCCI Shivlal Yadav felicitates Indian cricketer Rohit Sharma at the BCCI...

Interim President, BCCI Shivlal Yadav felicitates Indian cricketer Rohit Sharma at the BCCI...

Migratory birds arrive to make nest at tree at Islampur in Birbhum district of West Bengal...

Migratory birds arrive to make nest at tree at Islampur in Birbhum district of West Bengal...

Decommissioned warship, INS Vikrant being wrecked at Darukhana ship breaking yard in Mumbai...

Decommissioned warship, INS Vikrant being wrecked at Darukhana ship breaking yard in Mumbai...

Indian Air Force (IAF) helicopters make a formation during a parade for presentation...

Indian Air Force (IAF) helicopters make a formation during a parade for presentation...

Indian Coast Guard launching Interceptor Boat c-416 at Hazira, Surat...

Indian Coast Guard launching Interceptor Boat c-416 at Hazira, Surat...

Arun Jaitley with Mega actors Amitabh Bachchan and Rajinikanth...

Arun Jaitley with Mega actors Amitabh Bachchan and Rajinikanth...

Copyright 2014, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523