The focus of SEBI has been on protecting the interests of the retail investors and has therefore impelled companies and investors to follow higher standards of disclosure and transparency. This has resulted in making the IPO markets a lot more professional and safe for the retail investors. Unlike the secondary markets where there is a glut of information but limited insights, the IPOs manage to consolidate all the intelligence pertaining to the company into the prospectus.

Information symmetry is a very unique advantage that IPOs enjoy over the secondary markets. In the secondary markets, it is the institutional investors, analysts and the insiders who have an edge over the small and retail investors in terms of information availability. Since IPOs are not tracked by analysts the only source of information is the prospectus of the company. Therefore a retail investor, in terms of information availability, is on the same plane as other investors. This is a very unique advantage that IPOs offer to retail investors.