Sebi asks bankers to promote start-up listing in India
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Mumbai: U.K. Sinha, chairman of the Securities and Exchange Board of India (Sebi) on Tuesday asked merchant bankers to promote the new platform to list start-ups within India and come up with ideas to make listing easier for companies in the early stage of growth to raise capital through the new platform. Sinha said he has met several executives of start-ups in Delhi and Bengaluru after enabling them to list in India in August.
“I am not disappointed with a single start-up not being listed yet. It is likely to take time as it did in the SME segment,” Sinha said while addressing a meeting of the Association of Investment Bankers in India.
“India is now third largest after the United States and United Kingdom in terms of entrepreneurial activities in the world. There are about 4,300 start-ups in the technology space alone in India. I am hopeful that merchant bankers should come together to promote the market (start-up). Market development activities and awareness will take time. If review of regulations needed, Sebi won’t hesitate to look at them,” Sinha added.
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