Tuesday, April 06, 2010

SEBI Cuts Timeline Between IPO Close & Listing to 12 Days

The Indian market regulator, Securities & Exchange Board of India (SEBI) has reduced the time between IPO close and listing of equity shares to 12 days from earlier 22 days, reports CNBC-TV18.

SEBI said IPO close and listing timeline cut would be effective for issues on or after May 1.

Applications Supported By Blocked Amount (ASBA) will be modified to suit IPO close, listing timeline cut.

Source: moneycontrol.com