Regulatory Alerts2025-08-12
Added · Updated
Amendments to Public Offering Regulations, 2017
The Public Offering Regulations, 2017 are amended to introduce definitions for discounted debt instruments, REITs, and the Growth Enterprise Market, while replacing the term 'Book Runner' with 'Eligible Participant for Book Building'. A new regulatory review process is established requiring simultaneous submission of listing and prospectus applications via the PRIDE platform, with specific timelines for public comment periods and approval decisions. The amendments also modify sponsor retention requirements for unprofitable companies, mandate E-IPO systems for retail portions, and set a minimum bid size of two million rupees for discounted debt instruments.
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