In your interest.
Online Personal Finance Magazine
No beating about the bush.
The government and the Ministry of Company Affairs (MCA) seems to have scuttled the Securities and Exchange Board of India's (Sebi) proposal to have Initial Public Offerings (IPOs) rated and have trotted out various reasons for doing so.
In fact, rating IPOs was never really a SEBI proposal. Ever since 1993-94, when an IPO mania led to hundreds of companies vanishing, which killed the primary...