Markets regulator Sebi is contemplating reforms in the IPO norms, especially on the book building, fixed price aspects and certain provisions pertaining to price band, its chief Ajay Tyagi said on Wednesday.
Apart from initial public offer (IPO), the regulator is looking into further reforms on preferential issue front, Tyagi said at the FICCI’s annual Capital Market Conference.
He further said that the focus on review of equity fund raising norms will continue in the near future.
“We have few other proposals in pipeline that are in the early discussion stage – IPO reforms on the book building and fixed price framework and provisions relating to price band and further reforms on preferential issue- being some of them,” Tyagi said.
The nature of fund raising has undergone a change over the years and the regulator has been constantly reviewing its existing regime for different modes of fund raising for some time now.
He said that Sebi has made several major changes particularly to the framework for rights issue and preferential issue in the last two years.