Time Is The Coin For Investors

Finally, there’s some good news for those choosing to invest in Initial Public Offerings (IPOs) of new companies. The listing period of shares offered in IPOs have now been reduced to three days from the closure of the issue (Transction Day or T Day) from the previous six days. The first company to get listed within three days of the closure of its IPO was Affle India on August 8, 2019. A lot of efforts were made by Securities and Exchange Board of India (Sebi) to shrink the listing time period. The decision to reduce the IPO listing time period was taken almost a year ago, when Sebi Board met on September 18, 2018. Sebi had approved in principle,  the proposal of revisiting the public issue process by way of introducing the use of Unified Payment Interface with facility of blocking the funds. Application Supported by Blocked Amount (ASBA) facility, as a new payment mechanism...