Covid-19 impact: More and more companies updating offer documents

Companies with issues in the pipeline reveal demand changes, economic uncertainty

Entities going for public offerings are amending the already-filed documents, reflecting a changed business environment following the outbreak.

Angel Broking and office space provider Mindspace Business Parks’ real estate investment trust have both seen addenda in the last one month.

Addenda are generally unusual, since initial public offerings (IPOs) happen within six months of the initial filing, said a professional who handles new issues. “During this time, things don’t change much. But we have had a black swan event... The regulator has been kind enough to allow such addenda as opposed to directing firms to re-file documents,” said the person.

Angel Broking had