Sebi looks to reduce IPO process time from 12 to 6-7 days
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24 Nov 2014
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In order to simplify the process of raising capital for companies. Market regulator Sebi is looking to reduce the processing time for initial public offer (IPO) to six-seven days from about 12 days now, said the media report. Speaking to the reporters, SEBI Chairman U K Sinha said, “The SEBI board, in its meeting on November 19, approved a discussion paper for using the secondary market mechanism for issuance of shares in a initial public offer (IPO) through e-IPO. Our aim is to bring down T+12 to T+5 or T+6 for listing.” e-IPO, it is said has the potential to reduce both cost and time. It can be done online without signing any documents. |
| Source: Dion Global Type: IPO Related |
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