SEBI simplifies IPO process : Reduces listing time to 12 days
Market Regulator Securities & Exchange Board of India (SEBI) comes out with another good rule for investors benefit. SEBI has reduced the time period between IPO closure and listing of Equity Shares on stock market to 12 days from the existing 22 days. Now the investors don’t have to wait 22 days for en-cashing the listing benefits.
This new rule relating to the period between IPO closure and listing will be effective for all forthcoming IPOs on or after 1st May 2010. Thanks to SEBI.
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