The facility will be optional for investors and stock brokers. To facilitate smooth transition in the market, the framework will be implemented in a phased manner.
Sebi said that sponsor bank will have to execute the online mandate revoke file for non-allottees or partial allottees and provide pending applications for unblock, if any, to the RTI, not later than 5 pm pm on BOA+1.
Sebi on Wednesday gave more time for implementation of guidelines pertaining to SMS alerts under the Unified Payment Interface (UPI) system for shares applied and allotted during an IPO. The deadline for putting in place automated web portal with respect to Initial Public Offers (IPOs) through UPI s
SEBI gives more time to implement SMS alerts for IPO process through UPI yourstory.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yourstory.com Daily Mail and Mail on Sunday newspapers.