With the possibility of handling up to 1,000 initial public offerings (IPOs) in the next two years, the Securities and Exchange Board of India (SEBI) is adopting artificial intelligence (AI) to make the process of reviewing IPO documents in a faster and more efficient way, its Chairperson Madhabi Puri Buch said on Tuesday.

Speaking at the Association of Investment Bankers of India's (AIBI) annual convention here, Buch said SEBI is working on a standardised IPO template to simplify the filing process for companies and their merchant bankers.

The new template would follow a "fill-in-the-blanks" format. Any information that doesn't fit the standard format will be flagged separately for closer review, she told the gathering.

This system aims to divide into two parts: standard information and exceptional details.

By focusing attention on sections that deviate from the template, SEBI hopes to make it easier for its officers to identify and address irregularities. The initiative is expected to save time for both companies and regulators.

"With the possibility of handling up to 1,000 IPOs in the next two years, this step will significantly reduce the workload for everyone involved," Buch noted.

The AI tools will help in three key ways -- document review, online search and content check.

SEBI's exception reporting mechanism will further improve efficiency. By separating standard and non-standard sections, officers can prioritise their scrutiny where it is most needed, streamlining the review process.