The Securities and Exchange Board of India is now planning to enable investors to buy and sell mutual fund units through stock exchanges. Fund houses will also be allowed to sell new fund offers (NFOs) through exchanges, helping them to save on distribution costs.
Pricing worries remain, but bankers expect IPOs to raise over Rs 40,000 crore (Rs 400 billion) in the next few months.
Business Standard discussed the primary market scenario and changing equations in the IPO market with Enam Group chairman Vallabh Bhanshali. Excerpts:
Jet Airways' pilots won't get much sympathy, but the management hasn't quite covered itself in glory either.
Certain provisions of the code would delay the negotiation process, increase the tax liabilities and introduce uncertainties due to the General Anti-Avoidance rules.
The Companies Act Amendment Bill, which was tabled in Parliament in the Budget session that adjourned last week, has proposed to allow Indian companies to merge with overseas companies, a move that could introduce greater flexibility in cross-border merger and acquisitions.
Blunders in CVs are common, and poor language skills are only a part of the problem.
Though the number of Japanese foreign institutional investors in India is still negligible, it's significant that 8 of the 11 registered with Sebi entered in the past year and a half
Mulye banks on domestic investors to raise money before approaching international markets.
The market regulator is mulling safeguards relating to power of attorney.
Sebi officials say the regulator has turned down the proposal on ground that the Indian market is still not prepared for such flexibility in pricing.
Although the Budget has projected only Rs 1,120 crore (Rs 11.2 billion) receipts from disinvestment, sources said some big-ticket initial public offers, or IPOs, could hit the markets soon. Finance Minister Pranab Mukherjee will meet the Securities & Exchange Board of India board on Friday to discuss, among other things, the disinvestment roadmap and the Budget proposal to raise the threshold for non-promoter public shareholding for all listed companies in a phased manner.
The Mahindra Holidays initial public offer --the third public float in the current year and the single largest issue over the last 12 months--was subscribed 11 times and four companies raised an estimated Rs 4,000 crore yesterday through QIPs. This came after realtor Unitech's announcement on Friday that it has raised over Rs 2,700 crore via a QIP at Rs 81 a share.
Air India lowered the base-performance levels in order to pay productivity-linked incentives to staffers, says Shyamal Majumdar.
Set to get powers like those enjoyed by a civil court; will be able to attach assets, file winding-up applications.
The Securities and Exchange Board of India has recommended reservation for domestic mutual funds within the quota allocated for "anchor investors" in initial public offers.
The Tamil Nadu-born Sivanandan taught economics for three years and shot to fame -- almost literally -- during his momentous tenure as head of the Mumbai Crime Branch during the late nineties. During his two-year stint as joint commissioner (crime), over 250 members of the Dawood Ibrahim and Chhota Rajan gangs were shot dead in police encounters.
The Securities and Exchange Board of India has decided to make it mandatory for qualified institutional investors to make full payments upfront when they apply for shares in initial public offers. At present, QIPs pay only 10 per cent of the amount required for the shares for which they apply upfront.
Full recovery may still be a good way off, but the job market is showing clear signs of improvement.
The government has reopened the case for convergence between the capital market and commodity futures regulator, a move that has attracted opposition from the Forward Markets Commission, which regulates the commodities futures business.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances