how promoters and investment bankers have approached primary market pricing in the last few months?

Mulraj: One lesson is clear that investors have to look after themselves. The merchant bankers and the promoters are both on the same side of the coin they want to get the best price for their issue, as indeed they should. So the investor has to make up his own mind and do his own study and not really depend on false signals such as the grey market listing price, which is often erroneous and manipulated.

I have an idea on what should be done, which maybe Sebi could consider and that is giving the track records for the past lets say one-year of the lead managers to any issue inside the prospectus. Like what issue he has brought in the last one-year, what was the price at which the IPO was priced, what was the Sensex then and how it is moved since then. With that information, investors would have an additional signal to enter the IPO in.