SEBI Unveils Faster, Simplified IPO Process

Securities and Exchange Board of India (SEBI) Chairperson Madhabi Puri Buch announced initiatives including an expedited, template-based IPO approval process, and an AI tool for faster document checks. These measures aim to demystify and speed up the IPO process. A new, cost-effective fundraising mechanism for listed companies is also underway.

The Securities and Exchange Board of India (SEBI) is set to revolutionize the IPO approval process. Chairperson Madhabi Puri Buch revealed plans to introduce a template-based system that simplifies and speeds up applications. This initiative aims to demystify the complex IPO filing procedures.

In addition to the new template, SEBI is developing an artificial intelligence tool to scan IPO documents, promising faster approvals by December. This dual approach seeks to cut down on processing times and reduce procedural ambiguities.

Furthermore, SEBI is crafting a new, cost-effective fundraising mechanism combining rights issues and preferential allotments, eliminating the need for approval from SEBI and merchant bankers. This streamlined method will significantly shorten the approval timeline, bolstering the efficiency of fundraises for listed companies.

(With inputs from agencies.)