These thresholds are ₹4000-50,000 crore, ₹50,000-1 lakh crore, ₹1-5 lakh crore and above ₹5 lakh crore
| Photo Credit:
HEMANSHI KAMANI
Securities and Exchange Board of India has relaxed the minimum public float for large sized initial public offers while also extending the timelines for them to achieve the minimum public shareholding of 25 per cent.
In it’s board meeting on Friday, Sebi has proposed introducing four additional threshold levels beyond the existing post issue market cap of ₹4000 crore, with changes in the minimum public float.
These thresholds are ₹4000-50,000 crore, ₹50,000-1 lakh crore, ₹1-5 lakh crore and above ₹5 lakh crore.
For those with post-issue market cap of ₹4000-50,000 crore, the minimum public float remains at 10 per cent.
For those with larger post-issue market caps the minimum public offers are 8 per cent, 2.75 per cent and 2.5 per cent respectively while the time to achieve MPS per cent extended to 5-10 years.
The regulator has also allowed more anchor investors where the allocation is above ₹250 crore in an IPO. A minimum of 5 and maximum of 15 investors will be allowed, and for every additional ₹250 crore, additional 15 investors will be permitted.
Life insurance companies and pension funds have been included in the reserved category of anchor portion, along with domestic mutual funds.
Published on September 12, 2025
