Listing timeline

Sebi can proceed gradually to T+3

The Securities and Exchange Board of India (Sebi) recently released a consultation paper “Reduction of timeline for listing of shares in public issue from existing T+6 days to T+3 days”, detailing the proposals for shortening the timeline for public issues. (T is the date of issue closure.) The regulator is of the view that if the process can be shortened to three working-days, it will be of benefit to issuers as well as investors.

The paper notes the inputs of all stakeholders, including stock exchanges, self-certified syndicate banks (SCSBs), sponsor banks, National Payments Corporation of India, depositories, registrars, and so on,