Connect with us

Business

SEBI Proposes Major IPO Disclosure Changes; Plans A Clean, Investor-Friendly Summary

Published

on

SEBI Proposes Major IPO Disclosure Changes; Plans A Clean, Investor-Friendly Summary


Last Updated:

SEBI proposes a simpler Offer Document Summary for IPOs, making key info like business overview, risks, and financials easier for investors.

SEBI’s IPO Revamp Proposal Introduces a Handy, Easy-to-Read Offer Document Summary

When we look at a billboard showing the RHP (Red Herring Prospectus) of an upcoming IPO, the first reaction is usually, “Who the hell can read this?” The RHP advertisement looks tiny, cluttered, and almost impossible to understand from a distance.

But the problem isn’t just with the RHP on the billboard — it’s with the entire document itself. The RHP is a detailed filing that tells investors what the company does, its financials, risks, plans for the proceeds, and information about the management and promoters. Ideally, it’s the one document everyone should read before applying for an IPO.

However, it is packed with jargon, long explanations, and so many unnecessary details that most people end up skipping or skimming it instead of reading it properly.

Because of this, retail investors often end up relying on GMPs (grey market premium), WhatsApp forwards, and fin-influencers’ posts to decide whether to apply for an IPO.

In a positive move, Sebi has proposed revamping IPO documents to make them more investor-friendly by introducing a separate Offer Document Summary that is easy to read and understand.

Investors want clear numbers like EBITDA, cash flows, and KPIs — not pages of contingent liabilities, related-party transactions, and historical share acquisition prices.

The proposed summary will include:

– Company business overview

– Industry snapshot

– Promoter details

– Objects of the issue

– Key risks

– Key performance indicators

– Financial highlights

– Litigation summary

Unnecessary details like contingent liabilities, related-party transactions, and historical share acquisition prices may be removed.

Instead, IPO applications will carry a QR code linking directly to:

– The full RHP

– The Offer Document Summary

– The price band advertisement

Varun Yadav

Varun Yadav

Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst…Read More

Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst… Read More

Follow News18 on Google. Join the fun, play QIK games on News18. Stay updated with all the latest business news, including market trendsstock updatestax, IPO, banking finance, real estate, savings and investments. To Get in-depth analysis, expert opinions, and real-time updates. Also Download the News18 App to stay updated.
News business ipo SEBI Proposes Major IPO Disclosure Changes; Plans A Clean, Investor-Friendly Summary
Disclaimer: Comments reflect users’ views, not News18’s. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.

Read More



Source link

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Business

Chip ambitions: India targets top-four semiconductor rank by 2032; Ashwini Vaishnaw outlines 2035 roadmap – The Times of India

Published

on

Chip ambitions: India targets top-four semiconductor rank by 2032; Ashwini Vaishnaw outlines 2035 roadmap – The Times of India


India is set to emerge as one of the world’s top four semiconductor manufacturing nations by 2032 and aims to become the best by 2035, driven by its talent base and expanding ecosystem, Union minister for electronics and IT Ashwini Vaishnaw said on Friday, reported PTI .Speaking on the sidelines of an event announcing approval of 22 projects worth Rs 41,863 crore under the Electronics Components Manufacturing Scheme (ECMS), Vaishnaw said four chip companies will begin commercial production in 2026, with major automobile and telecom firms expected to source semiconductors domestically.“I think by 2032, we would be very significant among the top 4 nations of the semiconductor industry, and by 2035, we would be among the best. This direction is clearly visible. This can be clearly predicted,” Vaishnaw said .Under the Semicon India Programme, the government has so far approved 10 manufacturing units — including two fabrication plants and eight assembly, testing and packaging units — involving investments of about Rs 1.6 lakh crore, according to the minister.Detailing the production timeline, Vaishnaw said, “The plants which started pilot production last year, they are the ones that will get into commercial production earlier, which is Kaynes and CG Semi. Micron has also started pilot production very recently. They will also go next month. Tata plant in Assam will start pilot production by middle of the year, and by the end of the year they will start the commercial production,” he said .In parallel, India’s chip design capabilities are also expanding. Under the Design Linked Incentive (DLI) scheme, 24 chip design projects are being supported through startups, representing a total project value of Rs 920 crore.Vaishnaw attributed India’s growing prominence in semiconductors to a strong focus on talent development. He said students across 298 universities in the country are now designing chips that are being validated.“We could not count more than 20 universities in the whole world, including the US, China, Japan, Taiwan and South Korea, where students can design a chip, manufacture it, and validate the product. India has, because of our focus on silicon, 298 universities,” Vaishnaw said .The minister said this expanding talent pipeline, combined with large-scale manufacturing investments, is positioning India to play a decisive role in the global semiconductor value chain over the next decade.



Source link

Continue Reading

Business

Woman felt ‘dehumanised’ after Musk’s Grok AI used to digitally remove her clothes

Published

on

Woman felt ‘dehumanised’ after Musk’s Grok AI used to digitally remove her clothes


A woman has told the BBC she felt “dehumanised and reduced into a sexual stereotype” after Elon Musk’s AI Grok was used to digitally remove her clothing.

The BBC has seen several examples on the social media platform X of people asking the chatbot to undress women to make them appear in bikinis without their consent, as well as putting them in sexual situations.

XAI, the company behind Grok, did not respond to a request for comment, other than with an automatically-generated reply stating “legacy media lies”.

Samantha Smith shared a post on X about her image being altered, which was met with comments from those who had experienced the same – before others asked Grok to generate more of her.

“Women are not consenting to this,” she said.

“While it wasn’t me that was in states of undress, it looked like me and it felt like me and it felt as violating as if someone had actually posted a nude or a bikini picture of me.”

A Home Office spokesperson said it was legislating to ban nudification tools, and under a new criminal offence, anyone who supplied such tech would “face a prison sentence and substantial fines”.

The regulator Ofcom said tech firms must “assess the risk” of people in the UK viewing illegal content on their platforms, but did not confirm whether it was currently investigating X or Grok in relation to AI images.

Grok is a free AI assistant – with some paid for premium features – which responds to X users’ prompts when they tag it in a post.

It is often used to give reaction or more context to other posters’ remarks, but people on X are also able to edit an uploaded image through its AI image editing feature.

It has been criticised for allowing users to generate photos and videos with nudity and sexualised content, and it was previously accused of making a sexually explicit clip of Taylor Swift.

Clare McGlynn, a law professor at Durham University, said X or Grok “could prevent these forms of abuse if they wanted to”, adding they “appear to enjoy impunity”.

“The platform has been allowing the creation and distribution of these images for months without taking any action and we have yet to see any challenge by regulators,” she said.

XAI’s own acceptable use policy prohibits “depicting likenesses of persons in a pornographic manner”.

In a statement to the BBC, Ofcom said it was illegal to “create or share non-consensual intimate images or child sexual abuse material” and confirmed this included sexual deepfakes created with AI.

It said platforms such as X were required to take “appropriate steps” to “reduce the risk” of UK users encountering illegal content on their platforms, and take it down quickly when they become aware of it.

Additional reporting by Chris Vallance.



Source link

Continue Reading

Business

2025 Marked A Year Of Faith, Leadership, Seva, And Conservation For Anant Ambani

Published

on

2025 Marked A Year Of Faith, Leadership, Seva, And Conservation For Anant Ambani


New Delhi: 2025 emerged as a defining chapter in the public and personal journey of Anant Ambani, a year where faith, leadership, seva, and conservation came together with rare clarity and purpose. It was a year that reflected not just milestones, but a deeper alignment between belief, responsibility, and long-term vision.

At the heart of this journey was a 140-kilometre padyatra from Jamnagar to Dwarka, undertaken as an act of devotion, discipline, and spiritual reflection. The walk resonated with millions, symbolising humility, perseverance, and an unwavering connection to India’s civilisational ethos. Far from being symbolic alone, the padyatra underscored the belief that leadership begins with inner conviction and service. 

Professionally, 2025 also marked a significant expansion of responsibilities as Anant Ambani took on a larger leadership role as Executive Director at Reliance Industries Ltd. His growing involvement reflected a focus on sustainable growth, long-term stewardship, and aligning enterprise with societal impact—values increasingly central to modern corporate leadership. 

 

Add Zee News as a Preferred Source


 

A major highlight of the year was large-scale pilgrim welfare initiatives during the Maha Kumbh, where efforts were directed toward healthcare, logistics, and support services for millions of devotees. These initiatives reinforced the spirit of seva, placing service to people at the centre of action.

Equally significant was the national recognition received by Vantara, India’s ambitious wildlife rescue, rehabilitation, and conservation initiative. Its inauguration by Prime Minister Narendra Modi marked a watershed moment for conservation in the country. Throughout the year, Vantara also became a global showcase, with prominent international personalities witnessing India’s commitment to ecological responsibility and compassionate conservation.

Together, these moments defined 2025 as a year of convergence—where devotion met duty, leadership embraced service, and conservation became a shared national and global mission.

 

 





Source link

Continue Reading

Trending