Sebi has proposed to reduce the listing time for shares on stock exchanges after IPOs from six days to three days.
The reduction in timelines will benefit both issuers and investors. Issuers will have faster access to the raised capital, enhancing the ease of doing business.
Investors will have the opportunity for early credit and liquidity of their investments.
Sebi introduced Unified Payment Interface (UPI) as an additional payment mechanism with Application Supported by Blocked Amount (ASBA) for retail investors in November 2018.
Sebi has undertaken systemic enhancements across all key stakeholders of the IPO ecosystem to streamline the processing of public issues.
The proposed reduction in listing timelines from T+6 to T+3 will be facilitated by these systemic enhancements.
Sebi's consultation paper suggests reducing the time period from the date of issue closure to the date of listing of shares from six days to three days (T+3).
The proposed reduction in listing time reflects Sebi's efforts to streamline and improve the efficiency of the IPO process.
Sebi's proposal aligns with global best practices and aims to create a more vibrant and investor-friendly capital market ecosystem.