 "initial public offerings")
A slew of complaints and litigations threaten to stretch the IPO timelines for marquee issues such as Oyo and Paytm.
Market regulator Securities and Exchange Board of India (Sebi) takes on average a little over two months to clear a draft red herring prospectus (DRHP), an analysis of data provided by Prime Database shows.
However, there have been instances in the past where complaints, litigations or regulatory challenges have delayed the clearance process by another two or four months. For instance, CAMS IPO took 190 days to obtain Sebi approval due to the controversy around NSE shareholding. In the case
