As of 10 November 2026, within how many working days after a public issue closes on day T must the shares be listed under SEBI’s timeline for covered issues?
Question and options
As of 10 November 2026, within how many working days after a public issue closes on day T must the shares be listed under SEBI’s timeline for covered issues?
One working day later
Six working days later
Thirty calendar days later
Three working days later
Answer and explanation
Correct answer: D - Three working days later
SEBI’s circular of 9 August 2023, now part of the ICDR master circular, cut the time for listing after a public issue closes from six working days to three, so shares list on T+3. It became mandatory for public issues opening on or after 1 December 2023; T+6 was the earlier timeline.
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