If the people opt for crappy IPOs, it's their fault. People oversubscribed for IPOs at exorbitant amounts, just because they wanted to sell the shares and earnm profit on openeing day itself. They paid for their greed. Stock Market is all about free play. If the govt started intefering in it, it won't be a "market" any more. Do agree that some curb has to be put on FIIs investing in India. May be some minimum period os investment must be prescribed.
