In Public issue , what is the role of SEBI?

The SEBI have control over the rules, regulations, and working related to public issues in India.

Before a company goes public in India, it should obtain approval from SEBI. The lead managers of the issuer company submit the public-issue prospectus to SEBI. They provide clarification and make any changes that SEBI suggests. Finally, they get the prospectus approved.

SEBI will validate the IPO prospectus, verify that all information is correct, and ensure that investors have enough information to make an informed decision before they apply for shares in an IPO.