SEBI has proposed to reduce
post public issue processing time and cost by introducing the concept of e-IPOs
which will facilitate investors submit their Initial Public offer (IPO)
application form online through the stock exchange platform without requiring
to sign any document physically. Stock brokers will have to use the National
Automated Clearing System (NACS) implemented by the National Payments
Corporation of India (NCPI), as there will be high volume of banking transactions
that too repetitive in nature.
