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SEBI proposes to make the IPO process easier and faster and simplify the entire procedures, with a view to reduce the listing time from current six days to four days.
Sebi chariman, Ajay Tyagi stated, “We are further simplifying procedures and focusing on reducing the listing time for IPOs so that primary markets become more efficient. The focus is to further cut down on the time taken for listing a company on an exchange after the IPO to four days from the six days now.”
Moreover, Sebi has already reduced the listing time from 7 days in the past, to 6 days now after the close of the bidding.
