# Sebi and AIBI discuss IPO issue size revisions

> Sebi and investment bankers propose raising IPO size change threshold from 20% to 50% to ease compliance.
- Title: Sebi and AIBI discuss IPO issue size revisions · mint
- Summary: Sebi and investment bankers propose raising IPO size change threshold from 20% to 50% to ease compliance. Sebi and AIBI are discussing increasing the…
- Keywords: sebi, aibi, ipo, issue size, drhp, ofis, market volatility, ipo size change, news, india, discuss, issue
- Source: mint — https://livemint.com/market/ipo/sebi-ipo-issuers-issue-sizes-aibi-20-threshold-11793690528862.html
- Author: Apoorva Ajith
- Published: 2026-11-03T10:03:54+00:00
- Read time: 1 min
- Topics: sebi, aibi, ipo, issue size, drhp, ofis, market volatility, ipo size change, news, india
## Sebi and AIBI discuss IPO size changes
Sebi and the Association of Investment Bankers of India are discussing a revision in fundraising norms to ease the threshold for changes to IPO issue sizes.

> AIBI has made a representation to Sebi to change the 20% threshold for the filing of a fresh DRHP in case there are changes in the issue size for fresh fund raises
## Current threshold for issue size changes
Companies must file a new DRHP if issue size changes by more than 20% though the regulator has temporarily eased the threshold until March 2027.
## AIBI's proposal for 50% threshold
AIBI wants to raise the threshold from 20% to 50% to align with OFS issuances and reduce regulatory burden.

> AIBI has made a representation to change the 20% threshold to 50%, which would make it at par with OFS issuances
## Market volatility impact
Fluctuating market conditions require flexibility as IPO valuations change between document filing and launch.

> Some relaxation in the threshold is justified, particularly in a market where IPO issuers are increasingly having to navigate changing valuations
## Recent IPO size changes
Oravel Stays reduced its IPO size from ₹ 6,650 crore to ₹ 3,350 crore while Hero Motors trimmed from ₹ 1,200 crore to ₹ 1,000 crore.

> Oravel cut its planned fresh issue to ₹ 3,350 crore from ₹ 6,650 crore
## Temporary threshold relaxation
The regulator temporarily relaxed the threshold to 50% in April due to market volatility and extended it until March 2027.

> The market regulator temporarily relaxed the threshold for fresh issues to 50% in April
## Safeguards for flexibility
The relaxation requires the main object of the issue to remain unchanged and lead managers to certify compliance with Sebi regulations.

> the main object of the issue must remain unchanged and lead managers must certify that the offering complies with Sebi regulations
## IPO activity in 2026
104 issues raised ₹ 1.55 trillion in 2026 compared with 63 issues of ₹ 1.19 trillion in 2021.

> There have been 104 issues for a combined ₹ 1.55 trillion so far in 2026, compared with 63 issues of ₹ 1.19 trillion in 2021
## Market conditions
The Nifty 50 declined 10% this year amid geopolitical tensions and rising global bond yields.

> The Nifty 50 has declined about 10% so far this year amid geopolitical tensions
## Key takeaway

Sebi and AIBI are discussing increasing the threshold for IPO issue size changes from 20% to 50% to reduce regulatory burden.