NEW DELHI, Nov 21: SEBI has barred mutual funds from participating in pre-IPO share placements while allowing them to invest in anchor rounds, a move aimed at enhancing transparency and liquidity in IPO valuations.
The regulator recently amended rules for anchor investors, increasing total reservation to 40% from 33%, with 33% allocated to mutual funds and 7% to insurance companies and pension funds.
Additionally, SEBI plans to replace the mandatory abridged IPO prospectus with a standardized “offer document summary” to make disclosures more investor-friendly. (PTI)
