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<h1>SEBI Modifies Call Auction Duration for IPOs and Relisted Scrips to Enhance Market Transparency and Prevent Manipulation.</h1> The Securities and Exchange Board of India (SEBI) has modified the call auction duration in the pre-open session for Initial Public Offerings (IPOs) and relisted scrips to prevent market manipulation. The session will last 60 minutes, with 45 minutes for order entry, modification, and cancellation, 10 minutes for order matching and trade confirmation, and a 5-minute buffer. Random closure will occur in the last 10 minutes of order entry. Enhanced surveillance measures will be implemented, including generating alerts for significant order cancellations or modifications. Stock exchanges must report these alerts to SEBI and display cancellation details in real-time for transparency. These changes take effect 90 days post-circular issuance.