The Securities and Exchange Board of India (Sebi) is planning to simplify the IPO process by reducing the content in the offer document summary and streamlining listing procedures, especially for companies
with pre-IPO pledged shares.
“For IPO-bound companies, the existing contents of the offer document summary will be further rationalised,” said Sebi chairman Tuhin Kanta Pandey at an event on Thursday. “This summary will also be made available separately to investors to enable more informed feedback.”
The regulator is also working on a framework to ensure that blocking requirements are automatically enforced, even if share pledges are invoked or released, to prevent listing delays. Consultation papers on these proposals will be issued soon.
Separately, Pandey clarified that Sebi does not play a role in deciding IPO valuations. “We don’t determine valuations — that’s for the market and investors to decide,” he said. “Our focus is on ensuring transparency and adequate disclosure.”
His remarks follow concerns over the high valuation of eyewear retailer Lenskart’s upcoming IPO, which has been pegged at around Rs 70,000 crore.
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