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India’s market watchdog Securities and Exchange Board of India has mentioned that it wants to decrease the time taken for IPO processing to be reduced to 7 days from the existing 20 days.
"The listing time should come down to seven days... primary market is still somewhat inefficient compared to the secondary market’, said the SEBI Chairman, C B Bhave while addressing a conference in Mumbai.
He mentioned that the transactions are not being settled according to the time provided, which is creating troubles. He also mentioned that costs associated with mutual funds as well as the risk of investors should also be brought down.
"We need to look at reducing the cost of mutual funds and risk of investors," Bhave said.
Mentioning that worst part of economic recession in over he added that markets should still remain cautious.
