Hold back until your lawyers and lead managers say yes
New claims. Size, rank, growth and market share need a proper source. Issue advertisements may not promise rapid growth in revenue or profits.
Issue slogans and names. SEBI bars slogans, expletives and non-factual titles, and brand names for the issue other than your normal commercial names.
Numbers. If publicity shows financial data, SEBI asks for the past three years, with revenue, net profit, reserves, earnings per share, dividends and book value. One good year on a banner does not meet that.
Films and interviews. SEBI counts documentaries about the issuer or its promoters, and interviews by promoters and directors, as publicity.
Marketing during pre-filing. If your lawyers choose SEBI's optional pre-filing route, the draft stays out of the public domain, and the issuer and lead manager promise SEBI no marketing or advertisement for the issue.
Source: SEBI ICDR Regulations, 2018, Schedule IX (1), Explanation (I), Schedule VI Part A, and regulation 59C. Read 29 October 2026
What we leave to you
You keep the offer document, the legal advice and the approvals. This is general guidance, not legal advice.