India’s markets regulator SEBI proposed easing pre-IPO lock-in norms for existing shareholders (excluding large influencers) to streamline the listing process. Under the draft framework, share pledges invoked or released would no longer delay automatic lock-in enforcement. With more than 300 companies raising $16.55 billion in 2025 so far, the regulator’s move aims to support the fast-growing IPO pipeline. SEBI also recommended issuers upload concise summaries of offer documents to improve transparency and investor understanding.