Sebi proposes key changes to streamline IPO process

The Securities and Exchange Board of India (Sebi) has proposed key changes to streamline IPO processes, addressing long-standing hurdles around locking in pre-IPO pledged shares and simplifying offer documents. The proposals are outlined in a new consultation paper and would require amendments to the Issue of Capital and Disclosure Requirements (ICDR) Regulations, 2018.     Under current rules, all pre-issue shareholding except that of promoters must be locked in for six months post-IPO. Ho...