India’s regulatory authority for the capital market, the Securities and Exchange Board of India (SEBI), has announced a significant reduction in the time required to list shares after an initial public offering (IPO). Previously, shares could be listed within 6 days of the IPO sale’s closure, but now this timeline has been cut in half. According to the new system, companies are required to list their shares within 3 days after the IPO sale concludes. SEBI has stated that this change will be voluntarily implemented starting from September 1, 2023, and will become mandatory from December 1, 2023.
Highlights:
- Upper Syange Hydropower Limited Announces IPO for General Public
- Unnati Sahakarya Laghubitta Lists 1,78,451.18 FPO Shares on NEPSE with LTP of Rs. 671
- Unique Nepal Laghubitta Bittiya Sanstha Limited’s FPO Shares Listed on NEPSE
- Three Star Hydropower Limited Announces IPO Offering to the General Public, Seeking Rs 6.13 Crore
- Successful Merger of United Insurance Company (Nepal) Limited and Ajod Insurance Limited: Listing of United Ajod Insurance Limited on NEPSE