SEBI Amends The ICDR Regulations

SEBI vide notification no. SEBI/LAD-NRO/GN/2025/271 dated 31.10.2025, has issued the SEBI (Issue of Capital and Disclosure Requirements) (Third Amendment) Regulations, 2025 ("ICDR Amendment Regulations"), amending the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 ("Principal ICDR Regulations") which shall come into force on the 30th day from the date of its publication in the Official Gazette, i.e., 01.11.2025.

The ICDR Amendment Regulations have revised the investor limits for anchor investor allocations as follows:

1. for allocations up to INR 250 crores, a minimum 2 and maximum 15 anchor investors shall be permitted, subject to minimum allotment of INR 5 crores per investor;