The Securities and Exchange Board of India is considering allowing ’when-listed’ securities to trade on stock exchanges, as investors seek opportunities during the IPO listing process.

India’s securities market regulator is considering steps to formalize trading in initial public offerings where bidding has closed, but the shares are yet to be listed.

Sebi is developing a 'when listed' concept for trading shares of companies post-IPO bidding closure to counteract the grey market's influence. This initiative aims to formalize the trading of yet-to-be-listed stocks in a regulated manner.

SEBI is working on introducing a new system that allows trading in shares of companies that are in the process of listing.

Securities and Exchange Board of India (Sebi) is looking to launch a “when-listed” platform for trading of shares of companies that have finished their initial public offering (IPO) and are yet to be listed on stock exchanges, its Chairperson Madhabi Puri Buch said on Tuesday.

When-listed' securities refer to those securities that are available for trading between the close of a company’s IPO and before its listing

The chief of the capital markets regulator also announced that the top two proxy advisory firms are on the verge of launching a portal which will be a repository of related party transactions and will be useful in judging the governance standards in a company for any stakeholder.

India's securities market regulator is exploring measures to allow trading of IPO entitlements before listing to reduce black market activities

If implemented, this would open the trading window for investors even before a company’s IPO is listed on NSE, BSE. At present, there is a three-day gap between the closure of an IPO and the listing of shares.