The Securities and Exchange Board of India (SEBI) would soon initiate action for reforms in the IPO market, SEBI member Rajeev Agrawal said.

“Our objective is to ensure good quality of IPOs as well as rational pricing of the IPOs. For this purpose, we are going to introduce several actions in the coming days,” he said.

Agrawal was in the city to inaugurate SEBI’s Jaipur office here.

He said there is a need to create awareness among the public about the functioning of the capital market and trading.

“It is important to take actions to create awareness among people about the market as well as the risks involved in the market simultaneously. We have the people resources in the country to create awareness programmes,” he said.

About the newly opened Jaipur office, he said the office would cater to the needs of participants of the State and take care of their grievances.

(This article was published on August 4, 2012)
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