Dr.T.V.Gopalakrishnan , Mumbai , says: The recent gains in the market will not lead to a revival of IPO segment as the previous experience of investors is very bad. The pricing pattern and market quotations do not have any relationship and the greed of the Corporates and the Govt is very much visible in the pricing of shares in IPOs.The Govt and the SEBI have to ensure that the retailers enter the market in huge numbers and the share of public holding should be above 51% and for that initial offer price should be attractive.There should be some more incentives to attract retailers to IPOs other than the 5%discount now avaialble.Further IPOs should be made an attractive savings instrument replacing Gold and other forms of investment and for that the present approach of SEBI and Govt should undergo drastic change.
(This appeared in ET dated 24/02/2012).
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