Sebi reduces public issue timeline to 12 days
The Securities and Exchange Board of India (Sebi) has proposed to reduce the time between the closure of a public issue and its listing to 12 days from the current threshold of 22 days. This will be applicable to public issues will op[en after May 1 2010. It takes bout 3 weeks now.
This way, small time players who want to make some quick buck for listing gains can get better ROI given this reduction.
With ASBA already in place, investing IPO has become that much for friendly for retail investors.
What more can come in IPO markets ??.
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