Reduced listing timeline accelerates listing after issue closure, with electronic bid capture and PAN-based verification. SEBI mandated reduction of time between issue closure and listing to twelve working days by requiring syndicate members to upload complete bid data into the electronic bidding system, permitting a one day amendment window for selected fields, and making syndicate members liable for uploaded data errors. Registrars, SCSBs/collecting banks and depositories must validate DP ID, Client ID and PAN, reconcile payments, carry out technical rejections and finalise basis of allotment within specified day by day timelines for non ASBA and ASBA procedures; PAN is prescribed as the primary identifier and mandatory bidding data fields are specified.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Reduced listing timeline accelerates listing after issue closure, with electronic bid capture and PAN-based verification.
SEBI mandated reduction of time between issue closure and listing to twelve working days by requiring syndicate members to upload complete bid data into the electronic bidding system, permitting a one day amendment window for selected fields, and making syndicate members liable for uploaded data errors. Registrars, SCSBs/collecting banks and depositories must validate DP ID, Client ID and PAN, reconcile payments, carry out technical rejections and finalise basis of allotment within specified day by day timelines for non ASBA and ASBA procedures; PAN is prescribed as the primary identifier and mandatory bidding data fields are specified.
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