From Foreign Shores to Home Waters: India's IPO Renaissance and the Strategic Imperative of Reverse Flipping Under the 2025 SEBI ICDR Regulatory Revolution

A. From Bottlenecks to Breakthroughs: A Comparative Analysis of India’s IPO Reforms The Indian startup ecosystem has come a long way over the past ten years, but regulatory challenges were always a hindrance to IPO plans, particularly for firms with overseas structures. The much-awaited reform of the 2025 SEBI ICDR Regulations [i] transformation signals a move away from an antiquated, promoter-centric IPO regime to the modern, institutional-friendly, and technology-savvy regime. Liquidity...