SEBI proposed to reduce IPO listing timeline from 6 to 3 days
The proposed reduction in timelines for the listing and trading of shares will benefit both issuers as well as investors.
New Delhi: Securities and Exchange Board of India has proposed to cut down the timeline for the Listing of shares in Public Issue from existing 6 days to 3 days. The proposed reduction in timelines for the listing and trading of shares will benefit both issuers as well as investors.
Issuers will have faster access to the capital raised thereby enhancing the ease of doing business and the investors will have the opportunity for having early credit and liquidity of their investments.
Read Also : Vice Admiral Dinesh Kumar Tripathi appointed as next Chief of the Naval StaffThe consultation paper released by SEBI seeks the comments/views/suggestions from the public on the proposals pertaining to the reduction of the time period from the date of Issue closure to the date of listing of shares through Public Issues from the existing six days to three days.
Read Also : SAIL emerges champion in All India Public Sector Volleyball TournamentSEBI mentioned that "In November 2018, SEBI introduced Unified Payment Interface (UPI) as an additional payment mechanism with Application Supported by Blocked Amount (ASBA) for Retail Individual Investors and prescribed the timelines for listing within six days of closure of issue (T+6),’ T’being the day of closure of Issue.
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