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Valuation of IPO is not a regulatory gap but “we have to see how we can further put guardrails” to protect the interest of retail investors, Sebi whole-time member Kamlesh Varshney said on Friday.

Speaking at the 10th edition of the corporate governance summit, Varshney said the market regulator moving away from control of a capital issue is a “right step”, but at the same time stressed on the need to ensure that valuation by anchor investments take place properly, effectively and efficiently.

“I am not saying it’s a regulatory gap, but it is something good for the thought — whether the valuation that is being carried out at this point of time is correct or not. We have seen a lot of IPOs are coming, where retail investors are challenging the valuation,” he said.

The remarks ca

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