As per the SEBI circular (WEB), all IPOs must be listed on exchanges within T+3 days of the IPO closing date, beginning 1st December 2023.
The table below compares the timeline for an IPO to list:
Steps | Before December 1st | After December 1st |
The IPO window closes. | 5 PM Monday | 5 PM Monday |
The allotment is finalised. | Thursday | 9 PM Tuesday |
Blocked amount released | Friday | 4 PM Wednesday |
Credit of shares to demat account. | Next Monday | 6 PM Wednesday |
Listing. | 10 AM next Tuesday | 10 AM Thursday |