<h1>Minimum public shareholding rules eased for very large companies, permitting longer phased timelines and reduced initial IPO floats.</h1> Sebi revised IPO obligations for very large companies by reducing initial mandatory public offer percentages for higher market capitalisation bands and extending phased timelines to achieve the minimum public shareholding requirement, lessening immediate dilution while maintaining gradual compliance. It also reformed the anchor investor framework for maiden offerings by increasing permissible anchor allottees for large issues, merging allocation categories to better fit IPO scale, and increasing the anchor reservation with designated sub reservations for mutual funds and for life insurers and pension funds, with reallocation rules if insurer/pension quotas remain unsubscribed.