SEBI moots draft papers of public presents to incorporate audio-visuals

SEBI has proposed that the disclosures made within the draft purple herring (DRHP) and purple herring (RHP) prospectus of public points be made accessible in audio-visual (AV) format by the issuer corporations itemizing on the primary board. The AV might be in English and Hindi and made accessible in public area.

That is to supply ease in understanding the salient options and supply reference to numerous disclosures of the proposed public subject.

The period of the AV might be a most of 8 minutes. The full period might be equitably distributed among the many materials disclosures made underneath varied sections of the general public subject supply doc reminiscent of danger elements, capital construction, objects of the supply, enterprise of the issuer, monetary data, litigations and materials developments.

The content material of the AV must be factual, non-repetitive and non-promotional in nature. The AV might be revised on the RHP stage. The AV might be revealed inside 5 working days of submission and resubmission of DRHP.

It must be made accessible in digital/social media platforms of the Issuer and Affiliation of Funding Bankers of India (AIBI). The online hyperlink of the AV might be made accessible on the web sites of inventory exchanges, lead managers and accessible from the QR code pertaining to the general public subject.