after closing date of IPO how many days a company take to list on stock exchange.Is there any minimal time
Catheryn asks:
After closing date of IPO how many days a company take to list on stock exchange.Is there any minimal time supposed by SEBI or the choice is lef to company itself?
After closing date of IPO how many days a company take to list on stock exchange.Is there any minimal time supposed by SEBI or the choice is lef to company itself?
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No minimum. You don’t actually have to have stock in order to trade it. You can buy and sell stock on a “when issued” basis. When the stock is finally issued, the stock brokers clearing computers track down the “when issued” trades and put the shares in the correct accounts.
I think is 2 business days after the date of closure ,not sure though.
E.g. Monday Close, Wed listed; or
Friday close, Tue listed.