https://www.taxtmi.com/news?id=19320 Regulatory amendments streamline IPO issuance and payment processes to improve investor protection and capital-raising efficiency: operational measures (enabling RTAs/DPs to accept applications, Fast Track route expansion, broader QIB classification, and faster merchant banker processing) reduced average draft offer processing time from 78 to 61 days. The ASBA mechanism was mandated for retail public issues from January 1, 2016, and listing timelines were cut to six days. SEBI is consulting payment-system stakeholders to develop an alternative ASBA-based mechanism to further shorten post-issue timelines, accelerate fund unblocking, reduce costs and mitigate market risk. en-us Fri, 05 Jan 2018 16:39:21 +0530 Fri, 05 Jan 2018 16:39:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=19320 Regulatory amendments streamline IPO issuance and payment processes to improve investor protection and capital-raising efficiency: operational measures (enabling RTAs/DPs to accept applications, Fast Track route expansion, broader QIB classification, and faster merchant banker processing) reduced average draft offer processing time from 78 to 61 days. The ASBA mechanism was mandated for retail public issues from January 1, 2016, and listing timelines were cut to six days. SEBI is consulting payment-system stakeholders to develop an alternative ASBA-based mechanism to further shorten post-issue timelines, accelerate fund unblocking, reduce costs and mitigate market risk. News - Fri, 05 Jan 2018 16:39:21 +0530 https://www.taxtmi.com/news?id=19320