IPO process time may reduce to 7 days

Securities and Exchange Board of India (SEBI) is planning at reducing the time for IPO process from 7 days

Currently the processing time for the IPO is 12 days, which means that those who subscribe to IPOs through ASBA get refund or release of funds on the 12th day from the date of closure of IPO. If the move is effected, then this time is expected to reduce to 7 days

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