BAJAJ BROKING

Notification
No new Notification messages
One Mobikwik Systems IPO is Open!
Apply for the One Mobikwik Systems IPO through UPI in just minutes.
Open a Free Demat Account
Pay ZERO maintenance charges for the first year, get free stock picks daily, and more.
Trade Now, Pay Later with up to 4x
Never miss a good trading opportunity due to low funds with our MTF feature.
Track Market Movers Instantly
Stay updated with real-time data. Get insights at your fingertips.

IPO listing days cut down by SEBI

Listen to our Podcast: Grow your wealth and keep it secure.

0:00 / 0:00
India’s stock market regulator, Securities Exchange Board of India (SEBI) has halved the IPO listing days from T+6 to T+3 days from 1st September 2023.

Companies that will now opt for their Initial Public Offerings next month onwards will get listed on the stock market comparatively sooner than the already listed ones.

The revised timeline of T+3 days will be made applicable in two phases i.e. voluntary for all public issues opening on or after September 1, 2023 and mandatory on or after December 1, 2023,’ says SEBI.

The decision was taken in a meeting chaired by the key board members of SEBI.

The SEBI board has taken this decision been taken after constructive decisions with all the involved stakeholders. 

SEBI believes that this revised timeline will help the issuers in a way that they would receive their funds and allottees would receive their securities in a shorter time period than what was previously.

Securities and Exchange Board of India), as per its circular dated August 9, 2023, announced the following changes:

  1. Consequent to extensive consultation with the market participants and considering the public comments received pursuant to the consultation paper on the aforesaid subject matter, it has been decided to reduce the time taken for listing specified securities after the closure of the public issue to 3 working days (T+3 days) as against the present requirement of 6 working days (T+6 days); ‘T’ being the issue closing date.
  2. The T+3 timeline for listing shall be appropriately disclosed in the Offer Documents of IPOs
  3.  The timelines for submission of applications, allotment of securities, unblocking of application monies, and listing shall prominently be made a part of pre-issue, issue opening, and issue closing advertisements issued by the Issuer for public issues in terms of SEBI. 

Source- SEBI website, Indiatimes news 

Share this article: 

Read More Blogs

Our Secure Trading Platforms

Level up your stock market experience: Download the Bajaj Broking App for effortless investing and trading

Bajaj Broking App Download

8 Lacs+ Users

icon-with-text

4.4+ App Rating

icon-with-text

4 Languages

icon-with-text

₹4700+ Cr MTF Book

icon-with-text