Sebi’s IPO clearance on the fast track this year with all the checks in place
Business

Sebi’s IPO clearance on the fast track this year with all the checks in place

By Dan Neff

In 2020, Sebi cleared 22 IPOs, and the time taken was 76 days on average.

Synopsis

The IPO proposal of Mumbai-based realty major Macrotech Developers and Seven Islands Shipping got approvals in just 35 days early this year while the issues of Ami Organics, Vijaya Diagnostics, and Glenmark Life Sciences received regulatory nods in 44-48 days.

Mumbai: If you have been struggling lately to keep track of the raft of IPOs, you could put it down to careful preparation, top-notch legal drafting, and listing law changes built around raising the ‘ease of doing business’ quotient.

That should put your mind at ease as an investor: The proposals are being passed with stringent checks still by the Securities and Exchange Board of India (Sebi).

The average number of days taken for IPO approvals

BY

ET Bureau

4 mins read, Last Updated:

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Dan Neff