India’s capital and commodity markets regulator is in talks to cut down the minimum application size for IPOs from Rs 15,000 to Rs 7,500 in an attempt to provide higher subscriptions to retail investors.
“Sebi has received several complaints from retail investor associations that retail investors are unable to get IPO subscription in most of the good IPOs,” a source, who is close to the discussions being held by the Securities and Exchange Board of India, told Moneycontrol.
