India’s Stock Market Regulator SEBI has castigated the investment bankers for giving investors the short end of the stick.The regulator accused the I-Banking community of only looking out for the interests of the promoters by pricing primary issues too high.The proof is in the fact that 62% of the IPOs in the last 3 years are trading at below issue price despite the fact that Indian markets are near an all time high.Bad practises such as charging zero fees from big band government divestment,unethical if not illegal promotion of IPO companies through planted ads in newspapers were some of the other things that SEBI found objectionable.