India: Market regulator reduces IPO listing time, plans to broadbase investor reach

India: Market regulator reduces IPO listing time, plans to broadbase investor reach

Sebi said it has already made the changes in the existing Issue of capital and disclosure requirements (ICDR) regulations. Photo: Mint

In an effort to halve the timeline for listing and ensure that more investors are able to cash in on public issues, the Securities and Exchange Board of India or Sebi, on Tuesday, said it has decided to reduce the time taken for listing after the closure of issue to six working days from 12 working days at present.

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