Sebi revenues may remain flat in FY19; buyback activity can dent collection

The Securities and Exchange Board of India (Sebi) is estimating that revenues in 2018-19 will remain largely the same as in the previous financial year.

According to sources, the market regulator estimates total income at Rs 6.25 billion, 2.3 per cent more than Rs 6.11 billion in 2017-18. The reason for flattish growth is an expected moderation in initial public offerings (IPOs) and share buybacks. 

The year 2017-18 witnessed the highest-ever fundraising by way of public share sales. The fundraising from the primary market this year is expected to see a drop due to market volatility and political uncertainty.

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