Sebi concessions fail to lift IPO market, firms shelve listing plans

Investment bankers say many have shelved listing plans; appetite healthy for share sales in large listed firms

The initial public offering (IPO) market is expected to remain moribund despite several relaxations by the markets regulator, say experts.

The IPO market freeze, according to investment bankers, could extend untill the end of this year, even as there is healthy appetite for shares in listed companies with leadership position in their sectors which led to some large firms raking in billions of dollars through the route.

Last month, the Securities and Exchange Board of India (Sebi) gave a six-month breather to IPOs whose validity expires between March 1 and September 30. The move is set to benefit about a