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Request for Inputs: SEBI Consultation Paper on review of aspects related to public issue framework

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Securities and Exchange Board of India (SEBI) has recently released a consultation paper to solicit comments from public on public issue framework under SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (SEBI ICDR Regulations). The consultation paper seeks to provide recommendations on the following aspects:

  1. Objects of the Issue – where object is to make future acquisition / strategic investment without identifying specific targets
  2. Conditions for Offer for Sale (OFS) by significant shareholders
  3. Lock-in of shares for Anchor Investors
  4. Monitoring of General Corporate Purpose (GCP) amount

The consultation paper provides specific questions in relation to the above issues and is attached for your reference.

 In this regard, we request you to send your inputs/ views on the proposed framework. Please share your inputs with and before November 25, 2021 in the following format:

Reference Para of the

consultation paper

Suggestions/ Comments










We look forward to your inputs.