IPO processing time should be brought down to 7 days: Bhave

"The listing time should come down to seven days... primary market is still somewhat inefficient compared to the secondary market," Sebi Chairman, C B Bhave said at a conference here.

He said the timely settlement of transactions continue to be a challenge in the system.
Also, there was a need to reduce the cost of mutual funds and the risk of investors.
"We need to look at reducing the cost of mutual funds and risk of investors," Bhave said.

Noting that the worst (of the global financial crisis) is behind us, Bhave said the market should not get carried away with the euphoria.

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