Capital market regulator Securities and Exchange Board of India (SEBI) has hinted that it may reduce the time required for IPO processing to seven days from 20 days at present over the next one year.
‘The listing time should come down to seven days… primary market is still somewhat inefficient compared to the secondary market,’ SEBI Chairman, C B Bhave said.
The Chairman also added that the timely settlement of transactions continues to be a major hurdle in the system. He emphasized over measures to reduce the cost of mutual funds and the risk of investors.