Business

Sebi Alters IPO Listing Time To Three Days From Six; Check Details

The Securities and Exchange Board of India (SEBI) recently made alterations in the timeline for listing shares on stock changes. At present, the listing time allotted to the companies following the closer of Initial Public Offerings (IPOs) is 6 days. On Wednesday, the capital markets regulator halved the listing timeline to three days instead.

Sebi said in a circular that the new listing timeframe will be initiated and be voluntary for all public issues from September 1. However, it will become mandatory for all the issues which come after December 1. “It has been decided to reduce the time taken for the listing of specified securities after the closure of a public issue to three working days (T+3 days) as against the present requirement of 6 working days (T+6 days). ‘T’ being issue closing date,” the market regulator highlighted.

As per the market regulator, third-party verification for applications by comparing the PAN available in the demat account with the PAN available in the bank account of the applicant will be carried out by the registrar to an issue. Applications in case of mismatch would consequently be regarded for finalizing the bases of allotment.

Also Read: Cigars Priced Higher Than Luxury Cars: Exploring The World’s Five Most Expensive Cigars

What does this mean for investors and issuers?

The new listing timeframe makes trading as well as listing of shares beneficial for both issuers and investors. While issuers will obtain faster access to the capital raised, which will facilitate doing business, investors will be able to have early credit and liquidity for their investments.

Also Read: Manipur Violence: Indigenous Tribal Leaders’ Forum Meets Amit Shah In Delhi Amid Fresh Violence

Malika Sahni

Recent Posts

Gautam Adani Hails Puri Lifeguards As Unsung Heroes During Rath Yatra Visit

Gautam Adani, Chairman of the Adani Group, visited Puri in Odisha during the annual Rath…

4 hours ago

Acharya Pramod Krishnam Slams Congress Over ‘Internal Emergency’ Allegation

Acharya Pramod Krishnam, stirred political debate by claiming an 'internal emergency' still exists within the…

4 hours ago

MRM Meeting: Pledge for Global Peace, Green India, De-addiction & Democratic Integrity

Taking a crucial step toward positive transformation, social reform, and global peace, the Muslim Rashtriya…

4 hours ago

India To Host 2029 World Police & Fire Games; Amit Shah Hails Global Recognition

India has been chosen to host the prestigious 2029 World Police and Fire Games in…

4 hours ago

Seeing The Lord Among Devotees Is The Pinnacle Of Humility: Gautam Adani At Rath Yatra

Gautam Adani, along with his wife and Karan, participated in the Rath Yatra in Puri,…

7 hours ago

PM Modi Interacts With Group Captain Shubhanshu Shukla Aboard The ISS

PM Narendra Modi interacted with Group Captain Shubhanshu Shukla, the first Indian to reach the…

8 hours ago