Timelines for Book Building IPOs in India

According to SEBI, the stock market regulators in India and the companies that are coming up with IPOs need to follow a strict timeline. As there are a number of steps and parties involved in the process of IPO, the SEBI has planned well-defined principles and rules for the time taken by each parties. Given below are the timelines which are declared by SEBI for the process of Book Building IPO in India:

• Bidding Process done in minimum 3  and maximum 7 Working Days
• The process of Basis of allotment is finalized by the lead manager within two weeks from the closure of the issue.
• The process of share allocation in the Demat Account is done within 15 days from the closure date by the registrar.
• The listing of the IPO Shares by the going public company is done within seven days from the finalization of the share issue