SEBI allows large firms to launch IPOs with smaller issue size
Market regulator SEBI approved plan to simplify large companies' fundraising with minimum of 2.5% of their IPO's paid-up share capital from current 5%. This will apply if their market capitalisation is above ₹5 lakh crore after listing, making it easier for market to absorb sizeable offerings, stated SEBI. It also extended minimum public shareholding requirement timeline by upto 10 years.