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

INSUBCONTINENT EXCLUSIVE:
regulator on Tuesday expressed concerns about the slow pace of initial public offerings (IPOs) hitting the market despite approval for
filings worth around Rs 60,000 crore ($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
Fund raising by small-and-medium-sized companies have doubled as against last year, Tyagi said addressing an investment banking event in the
city.Driven primarily by domestic investors, the broader NSE Nifty has gained 3.4 per cent, while the benchmark BSE Sensex is up 6.5 per
cent so far this year.However, a debt crisis at a major 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.