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    <title>IPOs – ISINs to be activated after commencement of trading on the stock exchanges</title>
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    <description>Depositories must activate ISINs for IPO shares only on the date trading commences on stock exchanges to prevent pre-listing transactions. This procedural restriction on ISIN activation timing is issued under the powers of Section 11(1) of the SEBI Act to protect investors and to promote and regulate the securities market.</description>
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      <description>Depositories must activate ISINs for IPO shares only on the date trading commences on stock exchanges to prevent pre-listing transactions. This procedural restriction on ISIN activation timing is issued under the powers of Section 11(1) of the SEBI Act to protect investors and to promote and regulate the securities market.</description>
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