Sebi may cut IPO allotment time: Bhave

 
The alternate system— Application Supported by Blocked Amount (ASBA)— allows releasing applicants’ money only if the allocation is made.

The main difficulty in reducing the period for allotment of public issues is the fact that a lot of physical applications along with the physical cheques have to be cleared in the system, Sebi Chairman C B Bhave told reporters.

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