SEBI at its board meeting eased the minimum public offer requirements at a time when the overall market capitalization of the listed assets is starting to surpass the country's gross domestic product. According to the new norms, the size of the IPO is required to be equivalent to 10,000 crores plus 5 percent of the incremental market capitalization over 1 trillion for exceptionally large firms and these issuers shall be expected to retain at least 10% of the public shareholding in two years and at least 25% of the public shareholding in five years from the date of listing.

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