Now AI Will Clear IPO Applications, Sebi Plans Faster Process, Check Latest Details - News18
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The Sebi chief said this will go a long way in taking care of the ageing of public issues like IPOs. Markets regulator Sebi will be using a generative AI tool to clear IPO applications on time, as it has been found to be effective in cutting the time lag massively. Markets regulator Sebi will be using a generative AI tool, which has been developed in-house, to clear IPO applications on time, as it has been found to be effective in cutting the time lag massively. “One of our junior officers in the tech team has just developed a generative AI tool that can check the various compliances in the LODR (listing obligations and disclosure requirements) in no time. “So, we want to deploy this and within the next few months, hopefully as much as 80 per cent of the LODR compliance checks in DRHPs, which are done manually now, will be automated using this tool,” its chairperson Madhabi Puri Buch said here on Friday while addressing an event organised by investment bankers lobby AIBI. S...