Madhabi Puri Buch Says SEBI To Launch Easier-To-Fill Demystified IPO Document

At the FICCI’s 21st Annual Capital Markets Conference, Madhabi Puri Buch, Chairperson of SEBI, unveiled plans for a new, simplified document for Initial Public Offerings (IPOs). This new format aims to streamline and demystify the IPO process. The DRHP will feature a templated, fill-in-the-blank structure designed to make the offer document more user-friendly. Companies can directly input required information into the form, and if they encounter complexities, they will have a designated section to elaborate on these issues. This approach will eliminate unnecessary details and ensure the document is precise and meaningful for investors, facilitating informed decision-making. Buch highlighted that this new system is expected to smooth out the processing time within SEBI, potentially reducing the approval time for IPOs. The simplified document is intended to make the IPO listing process clearer and more accessible, especially for new companies looking to enter the public market.