Sebi’s proposed relaxation of minimum public shareholding norms is expected to have a limited impact on India’s IPO market, primarily benefiting a few large upcoming IPOs. Pranav Haldea highlights that primary and secondary markets can thrive concurrently with good quality offerings at attractive valuations. He emphasizes realistic IPO pricing and acknowledges that post-listing performance depends on fundamentals and market conditions.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets