News | IPO

SEBI holds discussions with NPCI to reduce listing time after an IPO

Markets regulator SEBI (Securities and Exchange Board of India) is in discussion with NPCI (National Payments Corporation of India) and others to develop an alternate payment mechanism, which could enhance the efficiency in payment system and reduce the listing time, Parliament was informed.
 
“An efficient payments mechanism has the potential to reduce the time and cost associated with public issue and reduce the market risk for shareholders by allowing unblocking of capital,” Minister of State for Finance Mr P Radhakrishnan said in a written reply to the Lok Sabha.
 
 “At present, SEBI is undertaking discussions with NPCI and other intermediaries associated with IPO (Initial Public Offer) process to assess the feasibility of developing an alternate payment mechanism, which building upon the ASBA (Applications Supported by Blocked Amount) mechanism, could enhance the process efficiency in payment system and may curtail the post issue timeline for listing from existing six days,” the minister added.

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