SEBI working on ease IPO Process: Securities and Exchange Board of India (SEBI) is working on a separate mechanism to expedite the approval of IPO. SEBI Chairperson Madhabi Puri Buch gave this information in FICCI’s ‘Capam’ program on Friday. She said that apart from this, SEBI is also working on an artificial intelligence to check the IPO papers filed by the companies.
The tool is also being developed. He said that this tool should be available by December.
Companies will be able to fill the blank space to prepare IPO papers
Madhabi Puri said that there is a complex process around the IPO process such as filing a complex ‘draft red herring prospectus’. Now efforts are being made to free this process from this complexity. The chairperson said that SEBI is working on a process that will have a ‘template’ where companies can fill in the blanks to prepare the IPO papers. There will be a separate ‘column’ to clarify any complexities and explain variations on a particular aspect.
NSE CEO gave this important advice to small investors
He said, “The document will be precise and meaningful. Along with this, any kind of change will be explained separately.” However, he did not give any information about the time limit for the implementation of this planning or the process to be followed for this. In this program, NSE CEO and Managing Director Ashish Kumar Chauhan urged small investors to stay away from trading in ‘derivatives’.
Buying in the morning and selling in the evening is not an investment
Ashish Kumar Chauhan said that buying shares in the morning and selling them in the evening should not be mistaken as “investment”. Along with this, he also advocated for proper regulation and compliance.
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