A practical legal guide to India’s Main Board IPO process under SEBI ICDR 2026, covering eligibility, approvals, intermediaries, the DRHP cycle, pricing, allotment, listing and the key impact of the 2025–2026 amendments.

Promoters must assess IPO readiness through legal eligibility, governance, capital structure, and current SEBI norms.

Introduction In response to emerging challenges in the SME IPO market, the Securities and Exchange Board of India (SEBI) has introduced...