In consultation with market intermediaries, SEBI has decided to reduce the time between issue closure and listing to 12 working days from present 22 days.
In the new process, the syndicate members shall capture all data relevant for purposes of finalizing basis of allotment while uploading bid data in the electronic bidding system of the stock exchanges.
Click here for the text of the circular no. CIR/CFD/DIL/3/2010 dated April 22, 2010
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