Sebi introduces new IPO rule to benefit companies and investors

Sebi has announced a new rule that will reduce the timeline for listing of IPO shares to 3 days. This is a major boost for both companies and investors. The new rule will be implemented on a voluntary basis for IPOs opening on or after September 1, 2023. It will be mandatory for all IPOs opening on or after December 1, 2023.

Updated on: August 10, 2023, 09.47 PM IST
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