Sebi to allow confidential pre-filing of IPO documents in Sept 30 meet

The Securities and Exchange Board of India (Sebi) is set to allow confidential pre-filing of offer documents to safeguard sensitive business information, says a report in the Economic Times (ET). 

Currently, countries like the US and Canada allow confidential pre-filing with regulators.

The board also aims to relax open offer pricing norms for the disinvestment of public sector undertakings (PSUs); and seek enhanced disclosures from startups in offer documents on the IPO issue price for companies holding initial public offerings (IPOs), Economic Times reported.

The Sebi board meet scheduled for September 30, will also clear a proposal to bring buying