Sebi proposes to cut down IPO listing timeline to 3 days from 6 days
时间:2024-06-26 08:30:50 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.
下一篇:Will Nifty touch fresh record high- Five things to watch out for before share market opening bell
猜你喜欢
- LTIMindtree shares sink 3
- Markets remain focused on US Fed’s rate hike decision; Petronet, MGL among top stocks to buy
- Yes Bank share price plunges 4% despite lender’s Q1 profit jumping 50%; should you buy, hold or sell-
- Wipro, Tech Mahindra, Punjab National Bank, IDBI Bank, Century Ply stocks in focus on weekly F&O expiry
- Market stages recovery from intra-day lows, Nifty closes above 20,900; top gainers on December 13 include NTPC, Adani Ports, Hero MotoCorp whereas IT stocks among key losers
- Govt expects more companies to reduce MRP of edible oils
- Markets Ahead- Sensex, Nifty gave up intraday gains; Volatility to sustain, fresh selloff likely under 18,000
- Wipro, IndiGo, Reliance, DreamFolks Services, Adani Power, Paras Defence stocks in focus on 7 September 2022
- Govt targets 186