SEBI vide its notification dated October 31, 2025, made certain amendments in Schedule XIII of ICDR Regulations, 2018 pertaining to the allocation of equity shares to the anchor investors. Briefly explain the changes env

Answer 6(a) SEBI has made certain amendments in Schedule XIII of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 pertaining to allocation of equity shares to the anchor investors. According to the amended regulations, the allocation to the anchor investors shall be on a discretionary basis, subject to the following: In case of public issue on the main board, through the book building process: (i) minimum of 2 and maximum of 15 such investors shall be permitted for allocation up to ₹250 crores, subject to minimum allotment of ₹5 crores per such investor; (ii) in case of allocation above ₹250 crores, a minimum of 5 such investors and a maximum of 15 such investors for allocation up to ₹250 crores and an additional 15 such investors for every additional ₹250 crores or part thereof, shall be permitted, subject to a minimum allotment of ₹5 crores per such investor. Further, 40% of the anchor investor portion, shall be reserved as under: 33.33% of the anchor investor portion shall be reserved for domestic mutual funds and 6.67% shall be reserved for life insurance companies and pensions funds.