SEBI Chairperson Madhabi Puri Buch announced on 10th January that the regulator is exploring the use of Artificial Intelligence (AI) to speed up the IPO approval process.

She announced that AI will be used to reduce IPO approval timelines, aiming to streamline operations due to the growing demand for IPOs.

India’s IPO market has seen a surge in applications, with only two IPO applications older than six months as of November 2024, compared to eight in March 2022.

AI implementation is expected to shorten these timelines further, improving application processing efficiency.

Buch also noted that the number of mutual fund applications pending for over six months dropped from 69 in March 2022 to just one in November 2024.

IPOs allow private companies to raise capital by offering shares to the public, and SEBI is committed to maintaining transparency and efficiency in the process.

Discover the next big investment! Unicorn Signals’ IPO screener helps you identify promising initial public offerings. Download Unicorn Signals and get ahead of the curve! Sign Up Now & Find Your Next IPO Gem!