Street Signs: T+3 for IPOs is optional, grey market premium at 25% & more

Hotel stocks are expected to rise due to a robust demand outlook, thanks to significant events happening in the country

Stock market

Photo: Bloomberg

Sundar Sethuraman

Listen to This Article voluntary:T+3 for IPOs is optional

Starting this month, the trade date plus three (T+3) timeline for initial public offerings has become voluntary. As a steady stream of issues hits the market, it remains to be seen which company will be the first to experiment with a shorter timeline. Market players have suggested that it will be easier for issues closing later in the week to opt for the T+3 timeline, as it will provide them with two additional non-working days to complete the listing formalities. Currently, the IPO listing timeline is T+6, indicating that an IPO issue gets listed six working days after its close.

Hotel stocks get the red carpet welcome

First Published: Sep 04 2023 | 06:08 AM IST

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