Overview
- Chairman Tuhin Kanta Pandey said SEBI will not set IPO valuations, leaving pricing to investors and market forces.
- SEBI is focusing on robust disclosures, including clearer comparatives and font-size norms, to help investors judge offers.
- The comments follow scrutiny of new-age listings such as Lenskart’s ₹7,200-crore offer and earlier volatility in Nykaa and Paytm.
- Pandey called for authentic ESG tied to measurable outcomes, independently assured and anchored in genuine board oversight.
- He urged boards to institutionalize ethics and build capacity in cyber and data risks as SEBI reviews rules to avoid overreach and seeks timely appointment of independent directors on PSU boards.