Marketmen and exchanges hope that the recent Sebi move to streamline the IPO process will give a leg-up to the struggling primary markets as the measures will significantly reduce investor grievances.
They expect the new IPO norms to help boost retail participation in the market by at least 25 per cent. Currently, there are about 2 crore retail investors in the market and despite the bull-run in the market last year, there has not been any tangible rise in their numbers.
leading securities registry services provider link Intime chief operating officer Haren Modi said keeping in mind the capital markets growth, the new Sebi measures would help increase retail investor base by at least 25 per cent in the next one year alone.
In a major revamp of IPO norms, the Sebi last Tuesday announced making IPO subscriptions cheque-free and also cut down the time taken for listing by half to six days.