| Company | Value | Change | %Change |
|---|
In a circular, SEBI emphasised that the documents must be relevant, complete, and legible, and should be accessible to the merchant bankers via individual login credentials. The uploaded documents will also be available for SEBI’s supervisory functions.
The online platform, launched by stock exchanges, is designed to streamline record management and facilitate easier access to IPO-related documents.
Also Read : SEBI suggests call auction session for stock closing prices, replacing VWAP
“To enable efficient maintenance of records, merchant bankers are advised to upload such records and documents on the Document Repository platform set up by the stock exchange,” SEBI stated.
According to the new guidelines, effective January 1, 2025, merchant bankers will be required to upload the documents within 20 days of filing the draft offer document with SEBI or stock exchanges and within 20 days of the IPO listing.
From April 1, 2025, this timeline will be reduced to 10 days for both filing and listing.
Also Read : SEBI warns against unregulated bond platforms selling unlisted securities
