SEBI Chairperson Madhabi Puri Buch introduced on tenth January that the regulator is exploring the usage of Synthetic Intelligence (AI) to hurry up the IPO approval course of.
She introduced that AI can be used to scale back IPO approval timelines, aiming to streamline operations as a result of rising demand for IPOs.
India’s IPO market has seen a surge in purposes, with solely two IPO purposes older than six months as of November 2024, in comparison with eight in March 2022.
AI implementation is anticipated to shorten these timelines additional, bettering utility processing effectivity.
Buch additionally famous that the variety of mutual fund purposes pending for over six months dropped from 69 in March 2022 to only one in November 2024.
IPOs permit personal corporations to boost capital by providing shares to the general public, and SEBI is dedicated to sustaining transparency and effectivity within the course of.
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