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of <h1>SEBI Regulation 247: Draft Offer Document Must Be Public for 21 Days for Comments</h1> Regulation 247 of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 mandates that a draft offer document filed with the SME exchange must be made public for comments for at least 21 days. The issuer must announce the filing in widely circulated newspapers. After the comment period, the lead manager must submit received comments and any necessary changes to the SME exchange. Offer documents must be hosted online and must match the versions filed with the Registrar of Companies. Copies of the offer document must be available to the public upon request, possibly for a fee.
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