 "IPO")
IPO clearances may get delayed
The time taken by market regulator Securities and Exchange Board of India (Sebi) to issue final observation on initial public offering (IPO) documents is likely to increase from an average of two months to more than three months, said industry participants. The reason being the record number of filings during April-May coupled with restrictions. “At present, over two dozen offer documents are being processed by Sebi. Some delay is inevitable. A lot will also depend on how early the firms and the bankers are able to respond to Sebi’s queries,” said an investment banker.
The time taken by market regulator Securities and Exchange Board of India (Sebi) to issue final observation on initial public offering (IPO) documents is likely to increase from an average of two months to more than three months, said industry participants. The reason being the record number of filings during April-May coupled with restrictions. “At present, over two dozen offer documents are being processed by Sebi. Some delay is inevitable. A lot will also depend on how early the firms and the bankers are able to respond to Sebi’s queries,” said an investment banker.
