During the SEBI Board meeting, the SEBI cheif UK Sinha outlined the process of E-IPO Norms. The listing time for companies is planned to be reduced to 6 days from the earlier 12 days, from the date of filing. Moreover, the companies with market capital of Rs. 1lakh crore can avail fast track IPO issuance.
All IPO applications will be ASBA supported, said the SEBI chief. Acknowledging the start-up market in India, Sinha said that it will allowed for them to raise funds from the capital market. Moreover, the lock-in period will be reduced to 6 months as against 3 years.