Sebi likely to step up disclosure norms for IPOs of new-age companies

Sebi has attracted some criticism following a meltdown in shares of new-age companies such as Zomato, Paytm and Policy Bazaar

The Securities and Exchange Board of India (Sebi) may beef up the disclosure requirements for initial public offerings (IPOs) of new-age companies. The market regulator could also bring transactions in mutual fund (MF) units under the purview of insider trading regulations. The decisions could be taken at Sebi’s board meeting scheduled for September 30, according to people in the know.

According to sources, Sebi may see its board approve an amendment in the Issue of Capital and Disclosure Requirements (ICDR) Regulations in order to mandate companies to provide a relatively detailed explanation of how they price their IPOs, compare pricing to