The market for Initial Public Offerings (IPOs) in India is governed by a inclusive regulatory framework involving the SEBI (ICDR) Regulations, 2009, the provisions of the Companies Act, 2013, the Securities Contract Regulation Act, 1956, the Depositories Act, 1996 and the listing agreement. Initial Public Offerings (IPO) have conventionally been perceived as a good investment opportunity by Retail investors in India in view of their attractive price and returns in the form of listing gains. Maximum numbers of Demat accounts are opened at the time of an IPO. This proves the insight that retail investors foresee IPOs as good entry points. Securities and Exchange Board of India (SEBI), as the regulator with a governmental mandate of protecting the investors, has signaled in many reforms in the regulations governing IPOs to bring back the confidence of investors.
IPO, SEBI, SEBI Regulation
