New Delhi, Sept. 15 -- The board-level decisions of the Securities and Exchange Board of India (Sebi) seem to have left no market constituency out. Apart from an easier inward path for foreign portfolio investors, mandates for initial public offerings (IPOs) have been eased and the time given to comply with minimum public float rules has been extended.

If this encourages share issuances by large companies, it would enhance the market's supply of stocks. Anchor investors in IPOs have been defined more inclusively and their quota has been upped to 40%, which could give issuers more confidence.

Also, the mutual fund industry will benefit as the exit-load cap gets reduced to 3% from 5%, even as real estate investment trusts (REITs) are clas...