Sebi Examine IPO Book-Building Process

The Securities and Exchange Board of India (Sebi) has set up an expert group to suggest tweaks to the initial public offering (IPO) pricing process after the market regulator observed several shortcomings in the existing procedure, two regulatory sources privy to the development said.

The panel will examine the demerits of the current book-building process, the sway institutional investors hold in determining the final pricing. Whether companies should be mandated to have a more comprehensive price band, the sources said.

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