India ranks first in number of IPOs and issuances in the world: Sebi’s Book

Sebi Chairperson Madhabi Puri Buch (Photo: FICCI)

2 minutes of reading Last updated: August 2, 2024 | 12:50 PM IST

India ranks first in the total number of IPOs, or initial public offerings and issues, globally, Securities and Exchange Board of India (Sebi) Chairwoman Madhabi Puri Buch said on Friday.

Buch was speaking at the 21st Annual FICCI Capital Markets Conference 2024 on the theme “Capital Market Reforms 2.0 for Viksit Bharat” held in Mumbai.

She also highlighted that the market regulator is working on simplifying IPO documents and filing templates. To ease the listing mechanism for startups, Sebi is working on aligning key performance indicators, she said.

India ranks first in total number of public offerings and issues globally: Ms. Madhabi Puri Buch, Chairperson, Securities and Exchange Board of India (SEBI) #CAPAM2024. photo:twitter.com/Y2zedKsoyS

— FICCI (@ficci_india) August 2, 2024

An IPO is a mechanism by which private companies can sell their shares to the general public through stock exchanges. “We are creating a demystified IPO document… the document will say that you have to fill in the gaps that are given…” she said, adding that there will be separate columns for any ifs and buts.

“We have set up 16 working groups for ease of doing business. So the idea is that throughout the existence of an entity that comes under our jurisdiction, it should be easy to do business and we should ensure that we are accountable for what we do and that is our transparency,” Puri said.

She also added that the documents will be prepared precisely, without the use of complicated languages.

Besides Puri, NSE Managing Director and CEO Ashish Chauhan were among the other dignitaries at the event. As Nifty hit a record 25,000 points on Thursday, Chauhan emphasised that it was 30 years of hard work. He also revealed that from the initial 10-20 million investors, the exchange now hosts 100 direct investors.

“Indian stock markets are reaching out to the people of India,” the NSE CEO said, noting that 100 million investors have pumped $5.5 billion into the markets. He also highlighted India’s impressive feat of market capitalisation, which is the fourth largest in the world after the US, China and Japan.

First published: August 2, 2024 | 12:50 PM IST