Sebi Increases FPIs KYC Review Periodicity, Approves 4 IPOs
Sebi also approved IPO draft prospectuses filed by Atomberg technologies, GNI Infrastructure, Ratnadeep Retail and Punjab Carbonic
Mumbai: Securities and Exchange Board of India has relaxed FPIs KYC review periodicity with effect from December 1, 2026. The revised framework increases the periodicity from one year to two years and from three years to eight years. In case of SWAGAT-FI FPIs, the periodicity of KYC review will remain unchanged at 10 years. Also, the existing relaxations for GS-FPIs will remain unchanged, said a Sebi release.
Further, the separate confirmation regarding change in previously submitted information at the time of continuance of registration will be discontinued.
The measure seeks to rationalise multiple requirements of similar nature, reduce repetitive compliance and ease the compliance burden on FPIs, Sebi said.
Sebi also approved IPO draft prospectuses filed by Atomberg technologies, GNI Infrastructure, Ratnadeep Retail and Punjab Carbonic.
Hyderabad based Ratnadeep Retail,an organised food and grocery and value-fashion retail's IPO is a combination of a fresh issue of equity shares aggregating up to Rs. 400 crore and an offer for sale of up to 1.49 crore equity shares by the promoter selling shareholders.
Ratnadeep Retail proposes to utilize Rs. 40 crore from the the Net Proceeds of the Fresh Issue towards repayment/ prepayment of loan facilities availed by the company, Rs. 260 crore for setting up of new stores under the Ratnadeep and National Mart formats, and the remaining amount for general corporate purposes.
Ratnadeep Retail has presence across Andhra Pradesh, Telangana and Karnataka.
Atomberg Technologie IPO comprises a fresh issue of equity shares of face value of Rs10 each aggregating up to Rs 450 crores and an offer for sale of over 76,542,051 equity shares. Atomberg is a deep-tech, research and development (R&D)-led company that builds next-generation consumer appliances including mixer grinders, water purifiers and cold-pressed juicers for Indian households under the “Atomberg” brand. The company also designs, manufactures and supplies proprietary and critical components, including motors and controllers, to enterprise customers such as Voltas, Godrej and BlueStar across industries through its subsidiary, Atomberg Innovations
Company proposes to utilise the Net Proceeds primarily towards Rs 90 crore for payment of certain borrowings, Rs150 crore towards brand awareness and marketing activities, and Rs100 crore towards investment in research and development.
