Bangalore: The Indian government is planning to set up an expert body called as 'Market Research and Analysis Unit (MRAU)', which will collate and analyze business data of companies raising capital through initial public offerings (IPOs) in an attempt to detect early the possibility of fund raising with fraudulent intent. The intent behind the new agency, which will be a part of the Ministry of Corporate Affairs, is to make investment in IPOs a safer option for retail investors, a government official told economic times on condition of anonymity. The new body will get the inputs from all the parties such as banks, deposit holders, investigation agencies that are related to the company raising capital. The agency will, apart from scrutinizing data made available in the offer document, also look at details available with the ministry's computerized data repository. According to MCA-21, the government's e-governance programme MCA-21, details of financial data of companies are maintained in a prescribed format and can be accessed at the click of a button. Besides, analyzing the credentials of the companies, the body has to monitor the end-use of funds raised by companies. According to the data provided by the ministry of corporate affairs, 238 companies, which raised capital through IPOs between 1992 and 2005, have vanished. However, the ministry has managed to track down 117 out of these 238 companies.