SEBI IPO Listing Timeline; Great news for stock market investors! Changed rules regarding IPO listing
The top management team will be responsible for any irregularities and malpractices in the mutual fund. Apart from this, the rules of futures and options, price band, AIF,VCF have also been changed. It has been decided to expand the scope of eligible institutional investors for debt securities. SEBI has taken this decision after extensive discussions and extensive testing with various stakeholders including stock exchanges, sponsor banks, NPCI, depositories and registrars etc.
A total of seven proposals were approved
A total of seven proposals were approved in the SEBI meeting. Other proposals approved besides shortening the listing period include requiring additional information for foreign portfolio investors and introducing nomination rights on the board of directors for unitholders of Infrastructure Investment Trusts (InvITs) and Real Estate Investment Trusts (REITs).
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Listing in T+3 days
The Board of Directors has reduced the period of listing of shares in the market after the last day of the IPO. Earlier this period was 6 days, now it has been decided to reduce it to 3 days.
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The regulator said in a release, “The revised deadline of T+3 (three days from the date of closing of the IPO) days will be implemented in two phases. It will be optional for all IPOs opening on or after September 1, 2023 and mandatory in case of IPOs opening on or after December 1, 2023.
