The market regulator Securities and Exchange Board of India is proposing to reduce the time taken for the initial public offer (IPO) process easier to 6-7 days from about 12-13 days now and further make capital raising easier for the companies.
The SEBI Board at its latest meeting held on 19th November, 2014 discussed and approved the e-IPO process for which the discussion paper would be made public soon for comments to fulfill the aim of reducing the time limit for the capital raising process for the companies.
This time bound process would ease the requirements in terms of the capital for the companies and more and more companies would like to come up and take the advantage of raising the money in a short period of time.
e-IPO would definitely take a leaf out from the present secondary market mechanism for issuance of shares.
