Archive · 22 Jan 2026
Regulator Addresses Concerns Over IPO Price Manipulation
In 2025, the primary market for stocks in India was very busy, with 103 new companies raising a lot of money.
However, there were concerns that some people might be manipulating the prices of these new stocks before they start trading.
The market regulator is now looking into this issue.
They want to make sure that the price of a new stock is decided fairly, not by a few people trying to trick the system.
One way they are doing this is by requiring that at least five different investors must be involved in setting the price.
They are also thinking about setting price limits for these new stocks and making sure the base price for stocks that are coming back to the market is calculated correctly.
All of these changes are meant to make the stock market fairer and more trustworthy.
The primary market in India saw 103 IPOs raising ₹1.76 lakh crore in 2025, with significant listing gains.
Concerns have been raised about potential manipulation in the pre-listing sessions of some IPOs.
The market regulator is considering requiring at least five unique investors for price discovery in the pre-listing session.
Standardized price bands and extended pre-listing sessions are being proposed to prevent speculation.
The method for calculating the base price for relisted stocks is under review to better reflect current business prospects.
- Who
- Market regulator and stock exchanges
- What
- Addressing potential manipulation in IPO pre-listing sessions and relisting base price calculations
- When
- 2025 and 2026
- Where
- India
- Why
- To ensure fair price discovery and maintain the credibility of the capital markets
- Total IPOs in 2025
- 103
- Total Funds Raised in 2025
- ₹1.76 lakh crore
- Pre-listing Session Duration
- 1 hour (9-10 am)
- Minimum Unique Investors for Price Discovery
- 5
- Current Base Price Calculation for Relisted Stocks
- Lower of book value or face value