<h1>Regulator greenlights IPO reforms: lower public float, longer compliance timelines, bigger anchor allocation, trusted foreign investor window</h1> The securities regulator approved reforms easing IPO and investor rules for large issuers and low-risk foreign investors, proposing statutory changes to minimum public offering norms: firms with market caps Rs 50,000-100,000 crore to float 8% (vs 10%) and get five years to meet 25% MPS; firms above Rs 100,000 crore to face smaller mandatory offers (2.75% or 2.5% for very large issuers) and up to ten years to meet MPS. Measures include higher anchor allocations (40%), a single-window access regime for trusted foreign investors, broader strategic-investor definitions for REITs/InvITs, two mandated executive directors at market infra bodies, tightened related-party transaction thresholds and simplified disclosures, ad-vetting for online ads, and ongoing probes and policy studies on other issues.