New Delhi, April 7 -- The Securities and Exchange Board of India (Sebi) has granted a one-time relaxation to companies planning to go public, allowing them to use their approvals for longer amid ongoing geopolitical tensions and weak investor sentiment.

In a circular issued on Tuesday, the market regulator said observation letters (final approvals) expiring between 1 April and 30 September 2026 will now remain valid until 30 September 2026. The extension is subject to an undertaking from the lead manager confirming compliance with regulatory requirements when submitting updated offer documents.

Sebi rules require companies to launch their IPOs within a year of receiving final approvals . Missing this window forces issuers to file fresh ...