Sebi flirts with IPO pricing changes, but bankers doubt it will improve India’s stagnant listings

With India's IPO market coming to a standstill over the last two months, the Securities and Exchange Board of India (Sebi) has suggested ways to help improve market sentiment. These include lowering listing prices to attract investors and speeding up the application process. However, bankers are struggling to see how it could rid India’s equity market of its underlying problems, writes Rev Hui.