Amid waning interest in the initial public offering (IPO), Securities and Exchange Board of India (SEBI), the market regulator is mulling taking a giant leap in the primary market using the technology advancement and is planning to allow investors to make payments through credit, debit and ATM cards and also via mobile banking.
Recently, Sebi modified its rules to enable retail investors to get a minimum lot of shares in IPOs and has already announced necessary steps for improvement in the primary market, which include increasing the reach of IPOs in electronic form through nation-wide broker network of stock exchanges.