Indian Primary Market Reforms Revolutionize Capital Formation and Investor Protection.
The Indian primary market has seen significant changes and reforms over time to attract more investors and raise funds efficiently. Reforms include the introduction of mechanisms like Book Building and Green Shoe Option, as well as the use of Application Supported by Blocked Amount. These changes aim to build confidence in the market, protect investors, and promote capital formation in the economy. The reforms have shifted control from the Controller of Capital Issues to SEBI, leading to a more disclosure-based regulation system.