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As of 10 November 2026, under SEBI’s indicative T+3 listing schedule, on which working day is the corporate action to credit allotted public-issue shares completed if the issue closes on T?

Question and options

As of 10 November 2026, under SEBI’s indicative T+3 listing schedule, on which working day is the corporate action to credit allotted public-issue shares completed if the issue closes on T?

  1. T+6

  2. T+1

  3. T+3

  4. T+2

Answer and explanation

Correct answer: D - T+2

Under SEBI’s T+3 timeline for public issues (circular of 9 August 2023, now in the ICDR master circular), the basis of allotment is finalised on T+1, the corporate action crediting shares to allottees’ demat accounts and unblocking of funds are completed on T+2, and trading starts on T+3. T+6 was the listing timeline before the change.

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