SEBI set to shake up IPO rules this week
SEBI's board is meeting on December 17, 2025, to consider new rules for IPOs—mainly about how companies share info with investors and how pre-IPO shares are handled.
The changes aim to make things clearer and more accessible for everyday investors.
What's changing for IPO disclosures?
SEBI wants companies to swap out the old abridged prospectus for a new Offer Document Summary right at the start of their IPO paperwork.
This summary would highlight what the business does, key risks, financials, ownership details, major legal cases, and any issues flagged by auditors.
The idea: help regular folks quickly get the big picture before investing.
Pre-IPO shares: More transparency and control
Right now, non-promoter pre-IPO shares have a six-month lock-in period—but pledged shares often slip through the cracks due to enforcement gaps.
SEBI plans to fix this by making depositories mark these pledged shares as "non-transferable," so everyone follows the same rules and compliance gets easier for all involved.