Faster approval to IPOs will meet global standards: SEBI Chairman

The Dollar Business Bureau

Securities and Exchange Board of India (SEBI) Chairman U K Sinha on Tuesday said the primary market with the current number of retailers is crossing the one million mark in at least 2 of the 15 issues.

The market has performed really well for several years now.  The IPO approval timing has also been reduced and is being considered to be further brought down in line with the global best standards.

Inaugurating FICCI's annual Capital Markets Conference 'CAPAM 2016' on the theme 'A Vibrant Capital Market - An Enabler for Investment' in Mumbai, Sinha said the issues related to both were being resolved and more number of Infrastructure Investment Trusts (InvITs) and Real Estate Investment Trusts (REITs) would be registered.

The SEBI Chairman noted that the amended regulations now enable growth and allow foreign portfolio investors (FPIs) to directly trade in debt markets.

“For strengthening corporate governance and to give confidence to the investors, SEBI has been active in enforcement of its regulation and is being vigilant to give the investors the comfort needed," Sinha said.

With an aim to enhancing liquidity and deepening the commodity derivatives markets, SEBI has allowed options trading on commodity. The new commodity derivatives product is expected to be conducive to the overall development of the market, and would attract broad base participation, enhance liquidity, facilitate hedging and bring more depth to the market.

Meanwhile, National Stock Exchange (NSE) Group Managing Director & CEO Chitra Ramkrishna said, “In the last 25 years SEBI has donned a developmental hat for acceleration of country's economic growth. New products are coming on board and being adapted in accordance with the feedback received by the stakeholders to fulfill the interest of the Indian investors for good growth. She added that with currency fixed income and other new products, inclusion have come as non-instrumental players and retailers are now entering the sector.”