Archive · 18 Sep 2025
SEBI Enhances Governance, Modifies IPO Rules for MIIs
SEBI, India's market regulator, is making changes to how financial exchanges and clearing houses are run.
They're giving more power to executive directors who oversee risk and compliance.
Insurance companies and pension funds can now invest in IPOs, and the anchor investor quota has increased.
This is to bring in more money, improve stability, and reduce single-person leadership.
SEBI is curbing the powers of exchange CEOs and increasing the roles of executive directors.
Executive directors will oversee risk management and compliance.
Insurance companies and pension funds can now participate as anchor investors.
The anchor investor quota in IPOs has increased from 30% to 40%.
The changes aim to boost governance and attract more investors in IPOs.
- Who
- SEBI
- What
- Enhanced governance and altered IPO rules for MIIs
- When
- September 16, 2025
- Where
- India
- Why
- To improve governance and attract investors in IPOs
Concerns
Support
MD Authority
Concerns
Some worry that the reporting structure for Executive Directors might create challenges in maintaining clear authority.
Support
It's essential the MD continues to oversee and be responsible for the overall affairs of the MII.
Domestic Investors
Concerns
There is a concern that smaller domestic institutions might be crowded out.
Support
Enlarging the anchor investor pool aims to reduce volatility.
- Regulatory Body
- SEBI
- MII Focus
- Governance and IPOs
- ED Responsibilities
- Risk Management, Compliance
- Anchor Investor Quota Increase
- From 30% to 40%
- Date Published
- September 16, 2025
Sources
New minimum public offer guidelines raise concerns
An enabler for big unlisted firms
Sebi's 'SWAGAT' reform offers 10-year licence, faster access to woo foreign funds
MII board-led governance gets a boost; insurers and pensions join IPO anchors
