'IPO process has quickened a lot, but...': Market guru Anil Singhvi at AIBI Convention 2025
Speaking at the 2025 Convention of the Mumbai-headquartered Association of Investment Bankers of India, market wizard Anil Singhvi said that the IPO process has improved a lot but there is still a long way to go in that regard. Singhvi was speaking on the theme of 'IPOs in Emerging Global Superpower'.
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Zee Business Managing Editor Anil Singhvi said on Tuesday that the IPO process has improved and quickened a lot in the country's capital market. However, more needs to be done in order to speed up the process further, said the market guru, speaking at the 2025 edition of the Association of Investment Bankers of India (AIBI) Convention.
Speaking on the theme of 'IPOs in Emerging Global Superpower', Singhvi suggested that retail investors should also receive information about IPO pitching the way big funds get.
"There should be a clear roadmap outlining the time required for new age technology companies to turn profitable and detailing their valuations," said the market guru.
He also said that businesses should aim to launch initial public offers and not just offers for sale (OFS), so that they receive the proceeds from the capital market.
Currently, IPOs can be launched as pure fresh issues or offers for sale (OFS), or as a combination of both. However, only the proceeds registered through the fresh issuance portion go to the company's coffers.
Singhvi was speaking at the 13th annual convention of the investment banking association.
Mumbai-based AIBI is a special association dedicated to sourcing and providing information and resources for the country's investment banking industry.
His remarks come days after Dalal Street witnessed a bumper calendar year in terms of IPO launches and funds raised through the primary market, when economic growth, favourable market conditions and improvements in the regulatory framework enabled companies to raise a record Rs 1.6 lakh crore.
The exceptional year not only reflected the confidence of issuers but also highlighted investors' eagerness to seize listing-day gains or back companies with strong long-term growth potential.
In 2024, more than 150 companies launched IPOs across the mainboard and SME categories, making it a record-breaking year for the country's primary market.
Many analysts believe that the path is set for an equally eventful year in 2025.
Out of the 90 and 68-odd SME IPOs launched in 2024, as many as 135 stocks are in the premium zone with respect to their issue prices, according to provisional exchange data.
Meanwhile, capital market regulator Securities and Exchange Board of India (Sebi) introduced stricter regulatory frameworks, including profitability requirements, a cap on the OFS component, and a "draw of lots" system for non-institutional investors, in a bid to safeguard smaller investors.
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