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