Sebi’s new reforms aim to streamline mega IPOs, drawing positive response

Sebi’s new reforms aim to streamline mega IPOs by reducing the quota for individual investors from 35% to 25% and increasing the allocation for qualified institutional buyers from 50% to 60% for large IPOs. The reforms also propose easing mandatory dilution norms for mega listings, potentially benefiting companies like Reliance Jio Infocomm, NSE, and Flipkart. According to Madhurima Mukherjee Saha, Partner at JSA Advocates & Solicitors, Sebi’s track record of amending rules as needed is beneficial, and a case-by-case exemption power for Sebi would aid in future scenarios requiring flexibility. The reforms are expected to boost institutional participation and reduce operational strain on intermediaries. Read Article