MUMBAI, Jan 19 (The CONNECT) – The Association of Investment Bankers of India (AIBI), launched the Standard Practice Manual which is aimed at enhancing investor awareness, promoting financial literacy, and making capital formation more robust and efficient. This manual is based on SEBI’s standard observations on draft offer documents filed in the recent past.

Releasing AIBI’s standard observations manual, SEBI Chairperson Madhabi Puri Buch, said the regulator is making conscious efforts to reduce the time involved in the approval process for public issuance offer documents. “AIBI’s latest manual of standard practices and disclosures is a step in the right direction,” she remarked.

Mahavir Lunawat, Chairman, Association of Investment Bankers of India and MD, of Pantomath Capital Advisors Pvt Ltd  said “We are evaluating processes and disclosures such that we can attempt to make the process of capital formation more robust and efficient, given that our country is faced with significant requirements of capex. We would need more than 2 lakh Crores of equity capitalisation to channelise the domestic inflows and also to double our GDP by 2030.”

Prithvi Haldea, Advisor, AIBI, said eventually,  the manual this should form part of the ICDR regulations.