Sebi fast-tracks IPO clearances amid record rush

The market regulator is speeding up clearances of initial public offerings (IPOs), boosting an already strong pipeline of share sales that could hit a record this year, according to regulatory and investment banking officials. The Securities and Exchange Board of India (Sebi) will try to approve a majority of the IPOs within three months of filing, the two regulatory officials said. “In a market that is overcrowded with issuers wanting to catch the right window to list, Sebi’s approach in recent times has helped ease the pressure’ said Madhurima Mukherjee Saha, Partner at JSA Advocates & Solicitors. Read more