Primary markets can become as efficient as secondary markets
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Our regulators, effectively leveraging technology, are constantly moving towards higher efficiency and improved processes in our secondary trading markets. Now, we have reached a level of T+0 settlement and are also envisioning instantaneous settlement. There has been marked improvement in the efficiency of our primary markets as well. SEBI’s efforts to explore Artificial Intelligence (AI) for processing offer documents more efficiently in a time bound manner, if successful, will be a considerable step in that direction. Public issuance timelines and post issue activities have already been cut significantly. IPO timelines are down from almost 2 to 3 months post SEBI clearance to just about 10 to 12 days. Can this be further improved? One area which can make a big difference in our IPO timeline is participation of the retail investors directly into IPO subscription. Retail and High Networth Individual (HNI) are important constituents of th...