The Securities and Exchange Board of India (Sebi) will issue guidelines for electronic-initial public offerings (e-IPO) in a couple of months, whole-time member Rajeev Kumar Agarwal said on Friday.
“The overall structure will remain the same. It will utilise secondary market infrastructure for extending the reach of IPOs,” Agarwal told reporters on the sidelines of a conference on capital markets. An e-IPO format, wherein investors can bid for shares electronically, is aimed at making the public offer process paperless and reduce costs. Agarwal also said the regulator was mulling steps to aid the mutual fund industry, but did not detail the nature of measures that can be expected.
