UPI for Initial Public Offerings (IPOs)

SEBI, in a previous meeting had announced UPI as a payment for IPOs. Today, it published a circular outlining the operational guidelines.

Starting January 1st, 2019, investors can apply for Initial Public Offering (IPOs) and pay through Unified Payments Interface (UPI). Furthermore, the timeline from IPO to listing has been cut down to 12 working days to 6 working days.

Here’s the SEBI circular