SEBI to cut listing time to 7 days, seeks more retail play

The Securities and Exchange Board of India (Sebi) plans to reduce the listing time for an initial public offering (IPO) from 12 days from the closure of an issue to seven days. It would issue a circular to facilitate applications for IPOs electronically — through stock brokers across many cities — soon. Those preferring not to deal with brokers may download the application forms directly from the stock exchange’s website and view the status of their applications online.


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