Sebi proposes to cut down IPO listing timeline to 3 days from 6 days
时间:2024-06-26 18:55:08 阅读(143)
Capital markets regulator Sebi has proposed to reduce the time taken for the listing of shares on stock exchanges after the closure of initial public offerings (IPOs) to three days from six days at present.
The proposed reduction in timelines for listing and trading of shares will benefit both issuers as well as investors.
Also read: Why is India an attractive investment destination among its Asian counterparts?
The markets regulator, in November 2018, introduced Unified Payment Interface (UPI) as an additional payment mechanism with Application Supported by Blocked Amount (ASBA) for retail investors and prescribed the timelines for listing within six days of closure of issue (T+6). ‘T’ is the day of closure of the issue.
Over the last few years, Sebi has ensured that a series of systemic enhancements have been undertaken across all the key stakeholders of the IPO ecosystem to streamline the activities involved in the processing of public issues which will pave the way to reduce the listing timelines from T+6 to T+3.
In its consultation paper, Sebi has suggested 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 (T+3).
Also read: Nifty rally breaks away from 18-month long bear market; RBI may cut rates later this year
The Securities and Exchange Board of India (Sebi) has sought comments from the public till June 3 on the proposal.
This comes after Sebi has done extensive back-testing and simulations by all stakeholders including stock exchanges, sponsor banks, NPCI, depositories and registrars in respect of various key activities involved in the public issue process.
猜你喜欢
- Reliance, Wipro, ONGC, Sona BLW, Tata Power, JSW Steel, Max Healthcare Institute, Vedanta stocks in focus
- Asian stocks up on hopes Fed will adopt slow approach to more hikes
- Average age of Indian crypto investors has risen from 25 in 2022 to 30 in 2023- Report
- Godrej Interio targets 42% revenue generation from its ‘Good & Green’ product portfolio in FY24
- Gold Price Today, 10 October 2022- Gold gets cheaper, prices fall over Rs 500 on strong US jobs data
- RBI approves appointment of Kaizad Bharucha & Bhavesh Zaveri as Dy MD and ED at HDFC Bank
- Gold Price Today, 16 Dec 2022- Prices flat, dollar rises; yellow metal set for weekly loss amid hawkish US Fed
- Gold Price Today, 2 May- Gold prices flat, may consolidate in narrow range before FOMC meeting
- Reliance turns plastic waste into high-quality materials for new plastic