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Corporate Laws Central Ministry of Finance Securities and Exchange Board of India Act, 1992

Audiovisual (AV) presentation of disclosures made in Public Issue Offer Documents

24-May-2024 | SEBI/HO/CFD/CFD-TPD-1/P/CIR/2024/55

SEBI has issued a circular on Audiovisual (AV) presentation of disclosures made in Public Issue Offer Documents.

By virtue of the circular, AV shall be uploaded on the website of the Issuer and Association of Investment Bankers of India (AIBI) within 5 working days of the filing of DRHP with SEBI. In case of pre-filing of draft offer document under CHAPTER IIA of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, the AV shall be made available within 5 working days of filing Updated Draft Red Herring Prospectus -I, as defined under Clause 59A of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.

The AV shall also be made available on digital/social media platforms of the Issuer and AIBI and shall be updated with information disclosed in RHP/ Prospectus and price band advertisement including details of the issue opening/closing date, price/ price-band etc., and uploaded on the date of publication of the price band advertisement or the date of filing of prospectus (in case of fixed price issues).

It is applicable to all DRHP filed with SEBI on or after July 01, 2024 on Voluntary basis and October 01, 2024 onwards on Mandatory basis.

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