Circular No.SMDRP/Policy/Cir-35/2000

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....l the Stock Exchanges Dear Sir/Madam, As per the present SEBI guidelines, allotment in public issues is required to be made within 30 days from the date of closure of issue. However, it has come to SEBI's notice that although the issuers complete the allotment process within 30 days, the actual listing and trading permissions take a longer time resulting in delay in commencement of tradi....

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....ocument. The lead manager shall furnish to SEBI the in-principle approval from the stock exchanges within the said 15 days. If the in-principle approval of all the stock exchanges stated in the draft offer document is not submitted within the said period, the lead manager shall not proceed with the issue and the file shall be closed. (c) The details of in-principle approval for listing shall be....