Sebi to initiate actions for reforms in IPO market

The Securities and Exchange Board of India (Sebi) would soon initiate actions for reforms in the primary (IPO) market.

"Our objective is to ensure good quality of IPOs as well as rational pricing of the IPOs. For this purpose, we are going to introduce several actions in coming days," Sebi Member Rajeev Agrawal said.

He said there is a need to create awareness among the public about the functioning of capital market and trading.

"It is important to take actions to create awareness among people about the market as well as risk involved in the market simultaneously. We have good resources in persons in the country to create awareness programmes," he said.

About the newly opened Jaipur office, Agarwal said the office will cater to the needs of participants of the state and take care of their grievances.