Share IPO TIMELINE Cut to 4 days

The Securities and Exchange Board of India (SEBI) wants to cut the timeline for Initial Public Offers (IPOs) and Follow-on Public Offers (FPO) of equity 12 days  to 4 days.

SEBI had previously truncated the IPO process in 2010, when the timeline was cut from 22 days to 12 days.

SEBI will seek market feedback before making any changes to the IPO process.

THE PRESENT IPO TIMELINE

T: Issue closing

T + 1: Provision to make modification in bids

T + 2: Bankers submit allotment details to exchanges BETWEEN

T + 3 AND T+11 Clearing of payment Validation of bids Technical rejections Basis of allotment Refund process Exchanges issue commencement of trading notice

T + 12 Trading commences T is closing day; + indicates the number of additional days taken                                                                                  

Source: Sebi

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