FREQUENTLY ASKED QUESTIONS (FAQs)
The current IPO market operates on a T+6 system where the IPO stock has to list on the stock exchanges by the sixth working day from the closure of the IPO. Now that will be moved to T+3, which means the stock will now have to be listed by 3 working days from the closure of the IPO.
Recent changes to IPO rules in India primarily focus on shortening the listing timeline, stricter SME IPO norms, and improvements in investor protection and compliance. The timeline for listing has been reduced from T+6 to T+3 days, mandating it for all companies by December 1st, 2023. SME IPOs now have stricter rules, including caps on general corporate purpose allocation, restrictions on using IPO funds to repay loans from promoters, and increased scrutiny of fund utilization.
Draft a plan:
Be clear from the outset as to why you need funding. This decision and clarity will focus your application and help your organisation or group to identify and decide which funder or funders are most suitable for your project.