IPO listing time should be cut to 7 days: Bhave
Sebi Chairman, CB Bhave, feels that the primary market is still somewhat inefficient compared to the secondary market. For making it upto level he wants to bring down the time required for IPO processing to 7 days from 20 days at present.
He said the timely settlement of transactions continue to be a challenge in the system. Also, there is a need to reduce the cost of mutual funds and the risk of investors.
The markets regulator also plans to carry through more reforms to make mutual funds attractive for investors, including giving a single statement for all holdings of an individual across all schemes of a fund.
Shortening the IPO time-frame is a fantastic thing in the long run. It reduces the infrastructural stress and also captures current volatility a lot better, said S Ramesh, COO, Kotak Mahindra Investment Banking.
Related posts:
- SEBI simplifies IPO process : Reduces listing time to 12 days Market Regulator Securities & Exchange Board of India (SEBI) comes...
- Trading in MF units to start in 15 days: SEBI Market regulator SEBI informed the press that MF Unit’s trading...
- DB Realty IPO : Listing on 24th Feb 2010 DB Realty is a Mumbai based builder informed the market...
- DB Corp IPO : Listing on 6th Jan 2010 DB Corp Ltd. has fixed its IPO (initial public offering)...
- United Bank of India IPO : Listing on 18th March 2010 United Bank of India is a Government-owned and one of...
Related posts brought to you by Yet Another Related Posts Plugin.
Activity