Stock Exchanges Introduce ‘Document Repository Platform’ for Merchant Bankers to Manage Public Issue Records

Circular No. SEBI/HO/CFD/CFD-TPD-1/P/CIR/2024/170, Dated 05.12.2024

Stock exchanges have introduced an online ‘Document Repository platform’ to streamline record management during due diligence for public issues. The Document Repository platform is intended to facilitate easier access to documents related to the public issue process. Merchant bankers shall ensure that the documents uploaded are relevant, complete and legible.

Merchant bankers shall adhere to the following timelines for uploading documents in the Document Repository platform of the Stock Exchanges:

From January 01, 2025:

• Within 20 days of filing draft offer document with SEBI/ Stock Exchanges.
• Within 20 days from the date of listing on Stock Exchanges.

From April 01, 2025 onwards:

• Within 10 days of filing draft offer document with SEBI/ Stock Exchanges.
• Within 10 days from the date of listing on Stock Exchanges.

Further, the documents shall be uploaded and maintained by Merchant Bankers in the Document Repository platform through their individual login credentials which shall be accessible to the respective Merchant bankers only. This circular shall be applicable for the draft offer documents filed on or after 01.01.2025.

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