The Securities and Exchange Board of India (Sebi) stated in a circular that the new listing period will be required for all issues that occur after December 1 and optional for all public offers starting on or after September 1.
Under the new guidelines, IPOs will have to mandatorily list after three days of the issue closing date.
Both issuers and investors will gain from the shortened deadlines for share listing and trading. Investors will have the chance to receive early credit and liquidity for their investment, and issuers will have quicker access to the capital raised, making doing business easier.
According to SEBI, the Registrar to an Issue will verify applications on behalf of a third party by comparing the PAN shown in the applicant's bank account and their demat account.