Its Securities Saturday! Welcome to our saturday legal update. India’s IPO market reached new heights in 2024, with 91 companies raising a record-breaking ₹1.6 trillion ($18.5 billion). This growth underscores the confidence of businesses and investors in the nation’s capital markets. Amid this surge, SEBI Chairperson Madhabi Puri Buch highlighted several transformative initiatives at the AIBI Annual Convention 2024-25: 1) ‘When-Listed’ Securities Trading: SEBI is exploring a groundbreaking framework to allow trading of IPO shares between the close of an IPO and their official listing. This regulated platform will eliminate unregulated curb trading, enhance liquidity, and ensure better price discovery during the interim period. 2) Transparency in IPO Disclosures: While SEBI does not interfere in IPO pricing, its focus remains on empowering investors with comprehensive and clear disclosures. Ensuring that investors have sufficient data fosters trust and informed decision-making. 3) Special Focus on Non-Profitable Companies: Addressing concerns about disclosures for start-ups and growth-stage businesses, SEBI is reviewing guidelines for reporting key performance indicators (KPIs). Two working groups are working to strike a balance between detailed, meaningful information and avoiding data overload. These forward-looking reforms reflect SEBI’s commitment to creating a transparent, efficient, and inclusive capital market ecosystem. By regulating evolving market dynamics and aligning with global best practices, India continues to solidify its position as a leading destination for investments. What are your thoughts on these initiatives? Let’s discuss in the comments. #securites #securiteslaw #lawandbehold #sebi #securitesappellatetribunal #law #shares #stockmarket #stock #capitalmarkets #ipo