SEBI now making new rules for IPOs

Economic  Desk:
Capital market regulator Sebi has proposed to reduce the time it takes for a company to list its shares after the closing of the initial public offering (IPO).  SEBI has proposed to reduce the deadline from six days to three days.  Both the party bringing the IPO and the investors will benefit from the proposed reduction in the timeframe.
In its consultation paper, SEBI said the party bringing the IPO would get capital sooner, making it easier to do business.  Investors, on the other hand, will get shares early.  The market regulator had set a deadline of listing the shares within six days of the closing of the issue in November 2018 .  This system is named 'T+6'.  It contains 'T' output closing day.  Now it is proposed to make it T+3.
 The Securities and Exchange Board of India (SEBI) has sought suggestions from stakeholders and the general public till June 3 on the proposal.  SEBI had fixed the price range for stock trading on the first day of the IPO listing.  It is currently being revised.  SEBI said the call auction sessions for first day trading after the IPO or re-listing would be held separately on different exchanges .