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<h1>SEBI Cuts Public Issue Share Listing Timeline to T+3 Days Effective December 1, 2023, Enhancing Market Efficiency.</h1> The Securities and Exchange Board of India (SEBI) has reduced the timeline for listing shares in public issues from T+6 days to T+3 days, effective from December 1, 2023. This change follows consultations with market participants and public feedback. The revised timeline, applicable voluntarily from September 1, 2023, mandates disclosure in offer documents and advertisements. The circular outlines procedures for application submission, validation, fund transfer, and share credit, ensuring compliance with SEBI regulations. It modifies previous circulars and emphasizes third-party verification of applications to enhance efficiency and accuracy in the public issue process.