In a groundbreaking move, the Securities and Exchange Board of India (SEBI)
is set to leverage artificial intelligence (AI) to process up to 1,000 IPOs in the
next two years, revolutionizing IPO document review with faster, more
efficient processes, says Chairperson Madhabi Puri Buch.
While speaking at the annual convention of Association Of Investment Bankers Of
India, Buch said for making the filling process for companies and the merchant
bankers easy, SEBI is working on a standardized IPO template.
A ‘ fill in the blanks’ format would be followed by the new ipo template and any piece
of information that doesn’t fit the respective template will be identified separately for
the closer review, she told in the gathering.
This initiative is aiming to divide the ipo documents into 2 parts : standard
information and exceptional details.
This step by SEBI is hoping to make the process of identifying and addressing the
irregularities easier for the officers. This will be a great move by SEBI as it is expected
to save time for both the companies and the regulators , thus by increasing the
efficiency.
This reformation will also help in 3 different key aspects like document review , online
search and content check. AIBI chairman Mahavir Lunawat added that this will be a significant step towards
building a robust and future ready merchant banking ecosystem.
If the new template’s implementation goes well, it will also address the critical gaps such as growing needs for skilled professionals and the need for standardizing practices. This will also foster innovation, transparency and cross border collaboration to support the nation’s economic growth, Lunawat added.
