India’s capital markets regulator
Securities and Exchange Board of India (SEBI) is working on plans to reduce the
time duration for a company to start trading on stock exchanges after initial
public offer (IPO) to six days.
A proposal on it is expected to be
discussed during Sebi's board meeting in Mumbai on November 19. At present, the
time taken for a company to get listed after initial share sale is around 12
days.
Sebi may reduce the post issue timelines
from T+12 days (12 days from issue closure to listing and trading) to T+6 days,
they added. Once the process gets stabilised, timelines could be further
curtailed to T+2/3 days.
Sebi had formed a group comprising of
representatives from the stock exchanges, depositories and others to work on
norms that would enable use of existing secondary market infrastructure for
collection of IPO bids and application money; reduce the post issue timelines
and help companies reach more retail investors.
No comments:
Post a Comment