Comment on SEBI paper proposing changes to IPO norms for Small and medium enterprises by Makarand M Joshi, Founder partner MMJC & Associates, a corporate compliance firm

2026-10-15 05:19:30 pm | Source: MMJC and Associates

Comment on SEBI paper proposing changes to IPO norms for Small and medium enterprises by Makarand M Joshi, Founder partner MMJC & Associates, a corporate compliance firm

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Below the Comment on SEBI paper proposing changes to IPO norms for Small and medium enterprises by Makarand M Joshi, Founder partner MMJC & Associates, a corporate compliance firm

"The removal of compulsory 3-year market making and 100% underwriting is the most important reform in this CP. With unique investors at NSE crossing 13 crore in April 2026, price should be discovered by real demand-supply, not by interference of intermediaries. This will make SME listing healthier and genuinely accessible for good businesses."

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