SEBI Eases IPO Norms For Large Companies

SEBI’s board revised minimum public offer (MPO) for companies with M-Cap of over INR 5 Lakh Cr to INR 15,000 Cr and at least 1% of their post-issue m-cap

For companies with M-Cap In The Range Of INR 1-5 Lakh Cr, MPO size has been revised to INR 6,250 Cr and at least 2.75% of the post-issue m-cap from INR 5,000 Cr and 5% m-cap earlier

SEBI said that diluting substantial stake through an IPO can pose challenges for large issuers as the market may not be able to absorb such a large…