SEBI To Bring Easy IPO Norms for Upcoming Issuers
Market Regulator, SEBI is gearing up to modify Initial Public Offering (IPO) norms in India making them less arduous for legitimate sellers while putting down on the possible misuse.
The revamp includes the inclusion of a broader set of institutional investors such as alternative investment funds (AIF's) for counting promoter's contribution in startups, reducing disclosure price for two days before the issue opens and reducing requirement period for disclosure to three years than five.
The panel board is scheduled to meet on June 21 to discuss proposed modifications in ICDR. Prithvi Haldea, Head of the ICDR Committee conducted by SEBI last year said,
There are cases of good companies where the promoter capital is not adequate for lock-in in an IPO. Sometimes, alternative investment ...