Archive · 13 Sep 2025
SEBI Eases IPO Rules, Alters Anchor Investor Allocations
SEBI, India's market regulator, made changes to IPO rules to make it easier for large companies to list.
For companies with a market value over a certain amount, they've adjusted the minimum amount of stock that must be offered to the public.
SEBI also revised how anchor investors are treated, and increased the portion of shares reserved for anchor investors.
Insurance companies and pension funds are now also included.
The goal is to help companies list, encourage more investors to join the market, and allow more flexibility for large investments.
SEBI revised minimum public shareholding (MPS) norms for companies with high market capitalization.
Companies with a market cap above ₹5 Lakh Cr must now have a minimum public offer (MPO) of ₹15,000 Cr and at least 1% of their post-issue m-cap.
Anchor investor allocation categories have been merged into one.
Insurance companies and pension funds are now included in the anchor investor category.
The overall anchor reservation has been increased from one-third to 40%.
- Who
- SEBI
- What
- Revised IPO and MPS norms for large companies and modified anchor investor allocations
- When
- Not explicitly mentioned in the articles.
- Where
- India
- Why
- To ease the listing process for large companies and encourage market participation.
- Regulatory Body
- SEBI
- MPO Changes (₹1-5 Lakh Cr)
- ₹6,250 Cr and at least 2.75% post-issue m-cap
- MPO Changes (Over ₹5 Lakh Cr)
- ₹15,000 Cr and at least 1% post-issue m-cap
- MPO Changes (₹50,000 Cr - ₹1 Lakh Cr)
- ₹1,000 Cr and at least 8% post-issue m-cap
- Anchor Investor Changes
- Merged categories, expanded investor base
- Anchor Allocation Increase
- From one-third to 40%
- MPS Timeline (Above ₹5 Lakh Cr)
- 15% in 5 years, 25% in 10 years
- MPS Timeline (₹1-5 Lakh Cr)
- 15% in 5 years, 25% in 10 years
- MPS Timeline (₹50,000 Cr - ₹1 Lakh Cr)
- 25% in 5 years
Sources
Sebi to broaden definition of strategic investor under REIT, InvIT norms
SEBI amends FPI rules to boost ease of business for IFSC funds
SEBI eases disclosures, approvals for related party transactions
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SEBI relaxes minimum public float for large-sized IPOs
Sebi clears raft of measures to boost market participation
NSE IPO: SEBI Chief Tuhin Kanta Pandey says listing approval expected ‘soon’
SEBI boosts IPO stability by extending anchor book beyond MFs, includes insurance, pension funds
SEBI board’s big boost to large IPOs
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Sebi approves IPO reforms, eases rules for large companies and low-risk foreign investors
Sebi Board Meet Outcome: IPO Norms Eased For Big Firms, REITs Tagged As Equity, MF Exit Load Slashed
SEBI eases IPO norms for large companies, expands anchor investor pool
SEBI Eases IPO Rules: Now Big Companies Can List With Lower Public Shareholding—Details
