I think, it must be larger today,” finance secretary, Mr D Subbarao?said at a seminar on Securities Contracts (Regulation) Rules here. If the situation continues, it would be increasingly difficult for corporates?to raise money from the capital market, he said. The finance secretary attributed weak sentiment in the market to increasing risk-aversion among investors. But, as global risk aversion has risen in the past few months, this has dented investor sentiments in India too,” he added. Of the total IPOs?listed on stock exchanges this year, 11 companies had an issue price above Rs?100. The aggressive pricing of the IPOs?have led the companies to lose substantially being unable to sustain the prices in long-term. read more

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