SEBI has made IPO listing faster.
After an IPO closes, the time it takes for a company to list will be reduced from 6 days to 3. This will be implemented in two phases:
From 1 Sep 2023, companies can list in 3 days if they choose.
From 1 Dec 2023, all IPOs will have to adhere to the 3-day timeline.
This will happen because the different organizations involved, like Banks, Exchanges, and Registrars, will do their tasks faster. However, changing to this new, faster way involves a lot of work and isn’t as simple as it sounds. 
Here is a comparison table of old vs new.
| Step | Existing ETA - Tentative | New ETA - As per SEBI circular |
|---|---|---|
| IPO window closes | 5 pm Monday | 5 pm Monday |
| Allotment is finalised | Thursday | 9 pm Tuesday |
| Refunds initiated for non-allottees | Friday | 4 pm Wednesday |
| Credit of shares to demat account | Next Monday | 6 pm Wednesday |
| Listing | 10 am Next Tuesday | 10 am Thursday |
For more details, check out the SEBI circular.
How does it benefit you?
- You get to know about the allotment status earlier.
- If you don’t receive an allotment, your money is released more quickly.
- If you receive an allotment, you are able to trade the shares earlier.
Overall, given an option, why would you want to wait longer? 