SEBI launches a new payment system for IPOs

For Initial Public Offers (IPO) a new payment system will be launched as a pilot by August 10, which is intended at not blocking investors' money till shares are actually allotted.

05 Aug 2008

For Initial Public Offers (IPO) a new payment system will be launched as a pilot by August 10, which is intended at not blocking investors' money till shares are actually allotted.

The current system of payment for public issues will also exist initially while the new alternate system will be in place.



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