Sebi proposes audiovisual details of IPO disclosures
Sebi) has proposed that IPO bound companies should disclose details about the proposed issue, including the risks factors in an audiovisual presentation of not more than eight minute duration.
The lead manager to the public issue should create the audiovisual in a bilingual version, English and Hindi. The total duration of the audiovisual would have to be equitably distributed among the material disclosures made under various sections of the public issue offer document such as risk factors, capital structure, objects of the offer, business of the issuer, financial information, litigations and material developments.
«In order to create awareness among investors to not rely on unauthorised/unsolicited information about the public issues and based on inputs received from stakeholders, it has been decided that the disclosures made in the DRHP and RHP of public issues shall be made available in Audio Visual (AV) format for ease in understanding of the salient features of public issues,» Sebi said in a discussion .
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