The Bombay Stock Exchange (BSE) on August 09, 2023, notified regarding the reduction of the timeline for listing of shares in Public Issue from existing T+6 days to T+3 days.
This is with reference to the SEBI circular no. SEBI/HO/CFD/TPD1/CIR/P/2023/140 dated August 9, 2023, regarding the reduction of timeline for listing of shares in Public Issue from existing T+6 days to T+3 days.
The SEBI vide this Circular has decided to reduce the time taken for a listing of specified securities after the closure of a public issue to 3 working days (T+3 days) as against the present requirement of 6 working days (T+6 days); ‘T’ being issue closing date.
Further, SEBI vide this Circular has provided an indicative timeline of activities for a listing of shares through Public Issues on T+3 day.
The revised timelines for listing specified securities and various activities involved in the public issue process are specified in Annexure to this circular.
Kindly find the Annexure attached to the document below.
[Notice No. 20230809-59]
