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of <h1>SEBI mandates ISIN activation for IPOs only on trading start date to protect investors and regulate markets.</h1> The Securities and Exchange Board of India (SEBI) mandates that for Initial Public Offerings (IPOs), the International Securities Identification Numbers (ISINs) should be activated only on the date trading begins on stock exchanges. This directive aims to address issues related to share transactions during the pre-listing period. The circular is issued under the authority of Section 11(1) of the SEBI Act, 1992, to safeguard investor interests and enhance the regulation and development of the securities market.
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