Corporate Affairs Minister Salman Khurshid has said, his ministry is studying ways to prevent over-pricing of initial public offers and monitoring the end use of funds raised through IPOs to prevent fund diversion. The minister said his ministry is examining the report of the expert group to suggest steps for monitoring the end use of IPO funds.<br/><br/>Speaking at a function in New Delhi, Mr Khurshid said, initial public offers are primary responsibility of the Sebi and the government would coordinate whenever necessary. AIR correspondent reports the expert group was set up in August 2008 to analyse the loopholes in the mechanism used to scrutinise how money raised through IPOs is utilised. The group comprised ministry officials and representatives from Sebi and BSE and NSE.