Sebi Chairperson Madhabi Puri Buch announced on Friday that the regulator is developing a new system to speed up IPO approvals. The system will feature a simple template for companies and an AI tool for faster document review, expected by December. The new process aims to cut approval times from 42 days to 23 days for preferential issues and simplify fundraising for listed companies. This move will also eliminate the need for merchant bankers and reduce costs. For investors, this means quicker and more streamlined IPOs, potentially impacting the stock market’s efficiency.
SEBI to Simplify IPO Approvals with AI and New Templates
