Sebi tweaks rules for HNI quota in IPOs, lock-in for anchor investors MUMBAI: The Securities and Exchange Board of India on Tuesday has tightened certain rules regarding initial public offerings. These include new guidelines for determining quota for high net-worth individuals and a longer lock-in period for anchor investors. The regulator said that from April 2022, 33 per cent of shares allocated to non-institutional investors will be reserved for investors with application sizes ranging from Rs 2 lakh to less than Rs 10 lakh. SEBI said that the current lock-in period of 30 days after the allotment of shares will continue for anchor investors for half of the shares allotted to them. SEBI also said that IPOs will have a minimum price band of 105 per cent from their floor price for all the issues opening on or after the notification of the rules in the official gazette. The regulator also said that the lock-in period for non-promoter investors in a preferential issue of equity shares will be reduced to six months from 12 months earlier.
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