Sebi extends anchor investors' lock-in period to 90 days for 50% portion

The existing lock in of 30 days shall continue for 50% of the portion allocated to anchor investor, says Sebi as part of stricter measures to reform IPO market

Securities and Exchange Board of India's (Sebi) board took a slew of decisions on Tuesday, including extension of the lock-in period for anchor investors to 90 days. The markets regulator cleared changes to regulations pertaining to issue of capital and disclosure requirements and also tightened rules for IPO proceed utilisation.

"The existing lock in of 30 days shall continue for 50% of the portion allocated to anchor investor and for  the remaining portion, lock in of 90 days from the date of allotment shall be applicable for all issues opening on or after April 1, 2022," said the market regulator