IPO Pricing Should Be Done Carefully In Volatile Times: Ajay Tyagi

The chief of the capital market regulator on Tuesday expressed related about the slow pace of initial public offerings (IPOs) hitting the market despite approval for filings worth around Rs. 60,000 crores ($8.43 billion). However, Ajay Tyagi, the chairman of Securities and Exchange Board of India (Sebi), cautioned that pricing of IPOs should be done more carefully in volatile times. Fundraising by small-and-medium-sized companies have doubled as against last year, Tyagi said labeling an investment banking event in the city.

Driven primarily by domestic investors, the broader NSE Nifty has increased by 3.4 percent, while the benchmark BSE Sensex is up 6.5 percent so far this year.

However, a debt crisis at an apex infrastructure company in September and tightened liquidity due to global trade tensions have dampened investor sentiments, making it difficult for companies to come out with IPOs.

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