SEBI looking to cut IPO listing process time to 7 days from existing 20 days
Nov 20, 2009 SEBI
Market regulator Securities and Exchange Board of India (SEBI) said it wants to bring down the time required for IPO processing to seven days from 20 days at present over the next one year. While pointing to the fact that the primary market issuance process is not as efficient as secondary market in India, SEBI chairman CB Bhave said, “We need to do something there. Currently it takes 20 days for an IPO to get listed after its closure. The delay in listing is a risk that investors and issuers carry. So the regulator’s aim is to reduce the time frame to one week within a year.”
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