Sebi to form working group to review mainboard IPO, further public offer norms

What happened: Sebi plans to set up a sub-group under its Primary Markets Advisory Committee to review ICDR regulations covering mainboard IPOs and further public offers. PMAC members were asked to nominate themselves by 13 October. Key numbers: Email sent 12 October; PMAC decided on the sub-group at a 12 August meeting; PMAC has 27 members; 105 companies listed on the mainboard in 2026; FY26 IPO and Why it matters: The review could change mainboard listing thresholds such as profitability years and valuation safeguards, and it comes alongside Sebi's separate proposals for SME IPO rules.

Sebi plans to set up a sub-group under its Primary Markets Advisory Committee to review ICDR regulations covering mainboard IPOs and further public offers. PMAC members were asked to nominate themselves by 13 October.

The review could change mainboard listing thresholds such as profitability years and valuation safeguards, and it comes alongside Sebi's separate proposals for SME IPO rules.