SEBI introduces new IPO rules, cuts IPO timeline to 3 days

SEBI introduces the share listing timeline currently from T+6 days to now T+3 days in public issue (IPOs).

This aims to benefit issuers and investors by providing faster securities allocation and a quicker refund process

- Voluntary for all public issue opening on or after Sep 01,2023

- Mandatory on or after Dec 01,2023

Revised timeline of T+3 days to be applicable in two phases

The new IPO timelines will also optimize the financial resources of banks, stock exchanges, and brokers

Reduction in IPO listing time is global first and expects to be glitch free

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