SEBI Chief Debunks 'Exit-Only IPO' Myth, Cites Moderation in OFS Share
Earnings
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Moneycontrol•16-01-2026, 12:37
SEBI Chief Debunks 'Exit-Only IPO' Myth, Cites Moderation in OFS Share
- •SEBI Chairman Tuhin Kanta Pandey refutes the notion that Indian IPOs are primarily exit routes for existing investors, citing a significant moderation in the share of Offers for Sale (OFS).
- •Data shows OFS accounted for 87% of IPO money raised in 2020, but this has moderated to 55% in 2025, with fresh issues making up 45%.
- •SME IPOs remain largely growth-oriented, with approximately 75% of funds raised through fresh issuance, indicating a focus on capital for growth.
- •Pandey highlighted that SEBI's average processing time for mainboard IPO filings is under a month for correctly filed documents, with only 43 filings pending beyond three months due to external or issuer delays.
- •SEBI's regulatory philosophy balances flexibility with sharper disclosures, focusing on transparency in business models and issue objectives rather than direct intervention in valuation.
Why It Matters: SEBI chief clarifies IPO trends, emphasizing moderation in OFS and robust domestic capital participation.
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