Sebi Calls for Improved IPO Disclosures, Considers Regulating Unlisted Shares, Eases Public Float Rules

Sebi chairman Tuhin Kanta Pandey emphasized the need for enhanced IPO disclosures, including clearer explanations of risk factors, valuation rationale, capital structure, and business drivers, to improve investor understanding and streamline fundraising. Sebi is also considering regulating the unlisted share market due to valuation mismatches between private deals and IPO pricing. Additionally, the government approved easing public float norms for large companies to encourage mega IPOs, with extended timelines for compliance and potential listings from firms like Reliance Jio and Flipkart.