It seeks to simplify compliance with lock-in requirements for pre-IPO shares, especially those under pledge, by introducing an enabling framework that allows depositories to treat pledged shares as “non-transferable” during the lock-in period. It also reviews the need for the abridged prospectus, suggesting its replacement with a concise “Offer Document Summary” to improve investor understanding and accessibility of key disclosures. This summary would be hosted online by issuers, SEBI, exchanges, and lead managers. The Feedback/ comments from stakeholders are invited.