SEBI developing AI tool to check IPO documents filed by companies for faster approvals: Madhabi Buch

The Securities and Exchange Board of India (SEBI) is set to overhaul the initial public offering (IPO) approval process to make it more efficient. SEBI Chairperson Madhabi Puri Buch announced on Friday that the regulator is developing a templated offer document system. Companies will soon be able to fill in a standardised form to expedite approvals.

Speaking at an industry event organised by FICCI, Buch revealed that SEBI is working on an artificial intelligence tool designed to review IPO documents more quickly. This tool is expected to be operational by December. She emphasised that the aim is to simplify the IPO process, which has often been perceived as complex.