SEBI
SEBI extends IPO fresh issue size relaxation to March 31, 2027
13 October 2026 · The Financial Express
SEBI has extended the relaxation permitting IPO issuers to revise the fresh issue portion of their issues by up to 50% until March 31, 2027, without filing fresh draft documents. The relaxation, earlier available until September 30, 2026, follows market volatility due to the West Asia conflict.
Points to Remember
- Extension applies to IPOs opening on or before March 31, 2027.
- Issuers can increase or decrease the fresh issue portion by up to 50%.
- No fresh draft documents need to be filed with SEBI for such changes.
- Book running lead managers can file revised offer documents only if the main objective of the issue is unchanged and regulations are complied with.
- Bankers must conduct due diligence, justify the revision, and issue a public addendum informing investors.
Why it matters
This extension gives companies more flexibility to adjust IPO issue sizes without additional regulatory filings, which may affect how merchant bankers plan and execute public offers.
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