Centre to dial Sebi for faster PSU listing

Sebi takes 70 days on average to clear IPO documents; Govt wants PSU IPOs cleared in 30

The central government is planning to write to the Securities and Exchange Board of India (Sebi) for faster approvals of offer documents to meet its objective of time-bound listing of public sector undertakings (PSUs). On an average, Sebi takes a little over two months to clear initial public offer (IPO) documents. The centre wants PSU IPOs to be cleared within a month.

The move comes in the wake of the budget announcement on fast tracking the PSU listing process. Interestingly, the Department of Public Asset Management (Dipam) in a document outlining the new timeline for PSU listings has assigned just 30