SEBI Update- Reduction of timeline for listing of shares in Public Issue from existing T+6 days to T+3 days

SEBI  has reduced the timeline for listing securities after the closure of public issue to three days, from the current six working days.

With T as the issue-closing date, the securities will now have to be listed on T+3 day versus the current T+6 day. This will be an option for public issues opening after September 1, 2023, and will be a mandatory requirement for issues opening after December 1, 2023.

Link – https://www.sebi.gov.in/legal/circulars/aug-2023/reduction-of-timeline-for-listing-of-shares-in-public-issue-from-existing-t-6-days-to-t-3-days_75122.html