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<h1>SEBI Amends Guidelines: IPO Grading Now Required for Unlisted Companies; Must Disclose All Grades in Prospectus.</h1> The Securities and Exchange Board of India (SEBI) has amended the SEBI (Disclosure and Investor Protection) Guidelines, 2000. These amendments introduce IPO grading for unlisted companies making an IPO of equity shares or convertible securities. Companies opting for IPO grading must disclose all grades, including unaccepted ones, in their prospectus. Amendments also require the inclusion of IPO grading details in the offer document, specifying the credit rating agency, grades obtained, and rationale for such grades. These changes are effective immediately and are available on SEBI's website under the 'Legal Framework' and 'Issues and Listing' categories.