From the sidelines of the 6 th Capital Markets Summit organized by CII in Mumbai, Sebi Chairman U K Sinha said the Modi government has not been successful in lifting the IPO market.
According to him raising capital in the primary markets is difficult despite all the optimism.
“Despite the new government coming in, despite optimism in the country, despite great Budget propensity to raise capital in primary market in this country is very subdued,” said Sinha.
He added: “In fact for the period ending February, 2015 – eleven months of the financial year the total money raised from the public market is rs 1500 crore – lowest in the history of this country. It is only one-fifth of what was raised in 2013-14.” Moreover, he added the pipeline also does not look strong.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
