In a consultation paper, Sebi has proposed enacting these changes by amending the Issue of Capital and Disclosure Requirements (ICDR) Regulations, 2018.
The Securities & Exchange Board of India (Sebi) on Thursday proposed relaxing lock-in requirements for existing shareholders to address long-standing challenges with regard to pre-IPO pledged shares. The regulator has also proposed replacing the abridged prospectus with a simplified document summary. The moves are aimed at boosting retail participation in the booming IPO market.