Simplifying IPO process: Sebi mulls bringing down listing time to four days
By Express News Service | Published: 13th December 2017 08:55 AM |
Last Updated: 13th December 2017 08:55 AM | A+A A- |
The logo of the Securities and Exchange Board of India (SEBI) is pictured on the premises of its headquarters in Mumbai. (File Photo | Reuters)
MUMBAI: The Securities and Exchange Board of India (Sebi) is planning to simplify the initial public offering (IPO) process by reducing the listing time to four days from six at present.
“We are further simplifying procedures and focusing on reducing the listing time for IPOs so that primary markets become more efficient. The focus is further cut down on the time taken for listing a company on an exchange after the IPO to four days from the six days now,” Sebi chairman Ajay Tyagi told reporters at an investment banking summit here on Tuesday.
He noted that the amount of funds raised through the primary issues this year is “more than six years combined”. According to him, sustained reforms, formalisation of the economy after the note-ban, softer interest rate regime and increasing public awareness about mutual funds have boosted demand side, while favourable issues have helped the supply side.
The Sebi chairman said stable regulations are important and as a regulator, he wants to maintain a balance in regulations because any overburden will lead to lower investments from coming in to the economy.
On pending IPOs, he said of the 86 issues filed, Sebi has given final comments on 66 and 20 are pending.
