Relaxations from certain provisions of the SEBI (ICDR) Regulations, 2018 in respect of entities who propose to list specified securities

• Extension in the validity of the time period by 6 months, from the date of expiry of the SEBI Observations where the same have expired/will expire between March 1, 2020, and September 30, 2020 subject to an undertaking from the lead manager confirming compliance with Schedule XVI of the Regulations

• Any increase or decrease in estimated fresh issue size for IPO/Rights Issue/ FPO opening before December 31, 2020, which require the fresh filing of the draft offer document with a fee – 50% or more against 20% subject to certain conditions

Effective date: April 21, 2020

Source: SEBI Circular dated April 21, 2020