Mint Explainer: How Sebi nudged startup founders to become promoters before their IPOs
Published on: Oct. 28, 2025, 6:06 p.m. | Source: Livemint
The founders of Lenskart, Urban Company and Ather became promoters ahead of their listings, marking a shift from the earlier trend in which companies such as Paytm, Zomato, Swiggy, Ixigo and Delhivery were listed with no specific promoters. How and why did Sebi bring about this change?
