Sebi Fast-Tracks IPO Clearances Amid Record Rush

Sebi is using AI to scan documents for shortcomings and engaging with merchant bankers to speed up clarifications

- Reuters

The market regulator is speeding up clearances of initial public offerings (IPOs), boosting an already strong pipeline of share sales that could hit a record this year, according to regulatory and investment banking officials.

The Securities and Exchange Board of India (Sebi) will try to approve a majority of the IPOs within three months of filing, the two regulatory officials said. Previously, such clearances sometimes took up to six months.