Security and Exchange Board of India- Sebi has asked the merchant bankers to prominently disclose their track records to the investors . The market watch dog has issued these directives to avoid over pricing and over hyping of IPOs by merchant bankers.Sebi also wants merchant bankers devising their own code of conduct in terms of disclosure of their track records, rational pricing of the IPOs and avoiding any unnecessary hype over these offers. Our correspondent quoting official sources said if the merchant bankers fail to come out with a self-regulatory framework in this regard or do not comply with these norms, Sebi would bring out its own set of rules to rein in the erring bankers.