Centre eases public float norms for mega IPOs
after close1 source ↓written by the desknot a recommendation
- to offer
- ₹5 Lakh Cr
- of shares
- 2.5%
The Centre has amended the minimum public shareholding requirement for companies planning IPOs, allowing firms with post-issue capital over ₹5 Lakh Cr to offer at least 2.5% of shares. This change facilitates large IPOs, including that of Jio Platforms, easing previous concerns over demand and market depth. 📈
This regulatory shift may boost investor sentiment and pave the way for significant capital inflows into the market, enhancing liquidity for upcoming listings.
Not investment advice. For informational purposes only.