To expedite PSU listing, Centre to dial Sebi

On an average, Sebi takes 70 days to clear IPOs; govt wants those cleared in 30 days

The central government is planning to write to the Securities and Exchange Board of India (Sebi) for faster approval of equity offer documents, to meet its objective of time-bound listing of public sector undertakings (PSUs). 

On an average, Sebi takes a little over two months to clear initial public offers (IPOs). The Centre wants those for PSUs to be cleared within a month.

The move comes in the wake of the Budget announcement on hastening of PSU listing. The department of investment and public asset management (Dipam), in a document outlining the new timeline for PSU listings, has assigned only