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Are new IPO rules good? Tell us March 10, 2008 The Securities and Exchange Board of India is planning to reduce the time gap between opening of an issue and the listing of the company's stocks on the bourse and make the registration norms for foreign institutional investors more flexible. Currently, it takes about three weeks to list shares after the closure of subscription. Sebi is also planning to change the price discovery, bidding and allotment process to eliminate grey market operations and stop investor money being locked up without interest payments for almost a month. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||