Reduction in time between issue closure and listing

SEBI is committed to list out for investor protection. SEBI therefor came out with another circular to reduce the listing period after Issue closing from present 22 days to 12 days only.

In consultation with market intermediaries, SEBI has decided to reduce the time

between issue closure and listing to 12 working days. In the new process, the syndicate members shall capture all data relevant for purposes of finalizing basis of allotment while uploading bid data in the electronic bidding system of the stock exchanges. In order that the data so captured is accurate, syndicate members may be permitted an additional day to amend some of the data fields entered by them in the electronic bidding system 

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