IPO bound companies will have more legroom to sell shares to foreign investors: Reports

India Infoline News Service | Mumbai | December 29, 2014 08:47 IST

Report said that Sebi has been exploring options that could attract retail investors.

Companies headed for an initial public offering (IPO) will have more legroom to sell shares to foreign investors, according to a report.
Report said that Sebi has been exploring options that could attract retail investors. 
With shares often trading at a discount to the issue price post listing, many small investors are driven away from IPOs.
The thinking behind 25% rule was that domestic institutions would force companies to offer shares at better valuations, report says.
 

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