Sebi plans more IPO reforms, streamlining share pledge norms & disclosures

Sebi is preparing new reforms to ease IPO processes, including simplified share pledge rules, rationalised offer documents, and stronger corporate governance standards

The Securities and Exchange Board of India (Sebi) is working on a new set of reforms for initial public offerings (IPOs), including streamlining the process for pledging shares of pre-IPO companies and rationalising disclosure requirements in offer documents, Chairman Tuhin Kanta Pandey said on Thursday.

 

Speaking at the SBI Banking & Economics Conclave 2025, Pandey said Sebi plans to simplify the summary section of IPO offer documents and make them available separately to investors for feedback.

 

“The process for IPO-bound companies whose pre-IPO shares are pledged is being streamlined. The proposed framework will ensure lock-in requirements are automatically enforced even