Street Signs: Easing the IPO fervor, Long road to mkt hour extension, more

The Brokers' Industry Standards Forum (ISF) is confronted with the formidable task of uniting a divided house on the matter of extending market hours

Regulatory clampdown: Easing the IPO fervour

The regulatory actions taken by the Securities and Exchange Board of India (Sebi) and the Reserve Bank of India are expected to temper the frenzy observed in the initial public offering (IPO) market. Market operators have become cautious, and grey market activity has slowed in anticipation of regulatory scrutiny. “Several issues were artificially boosted, especially on the small and midsize enterprise side. The strategy involved attracting investors by showcasing large grey market premiums. The upside is that only genuine issues will receive favourable reception,” remarked an industry insider.

Beyond the bell: