Market regulator Securities and Exchange Board of India (SEBI) aims to reduce the period between the closing of an initial public offering (IPO) and commencement of trading on stock exchanges to five-six days, against 12 days at present.“The SEBI board, in its meeting on November 19, approved a discussion paper on using the secondary market mechanism for issuance of shares in initial public offers through e-IPOs. Our aim is to bring down T+12 to T+5 or T+6 for listing,” SEBI Chairman UK Sinha told reporters in the Capital.

Source - http://www.thehindubusinessline.com