The Securities and Exchange Board of India vide notification dated 21st November, 2022 has issued the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) (Fourth Amendment) Regulations, 2022. The Amendment provides that prior to making an initial public offer, the issuer may file three copies of the draft offer document with the Board along with fees as specified through the lead manager(s).
The issuer shall also file the pre-filed draft offer document with the stock exchange(s) where the specified securities are proposed to be listed and submit to the stock exchange(s); the Permanent Account Number, bank account number and passport number of its promoters where they are individuals and the Permanent Account Number, bank account number, company registration number or equivalent and the address of the Registrar of Companies with which the promoter is registered; where the promoter is a body corporate.
The pre-filed draft offer document shall not be available in the public domain.
