As per SEBON, it is preparing to bring down the duration to four days from the previous 15 days. The board estimates that the issue time will shorten after cutting down the period.
Moreover, recent IPO issues raked huge number of applications surpassing offered number of shares. The issues are being oversubscribed in the opening day itself; thus, the board is planning to cut down the time. However, if the issue goes undersubscribed, deadline shall be extended. The board is yet to decide the number of days to be given for deadline extension.
