{"id":29696,"date":"2025-01-29T08:02:11","date_gmt":"2025-01-29T02:32:11","guid":{"rendered":"https:\/\/vajiramandravi.com\/current-affairs\/?p=29696"},"modified":"2025-04-09T10:08:45","modified_gmt":"2025-04-09T04:38:45","slug":"when-listed-platform","status":"publish","type":"post","link":"https:\/\/vajiramandravi.com\/current-affairs\/when-listed-platform\/","title":{"rendered":"When-listed Platform"},"content":{"rendered":"<h2>When-listed Platform Latest News<\/h2>\n<p>The Securities and Exchange Board of India (Sebi) is looking to launch a \u201cwhen-listed\u201d platform.<\/p>\n<h2>About When-listed Platform<\/h2>\n<ul>\n<li>It is for <strong>trading of shares of companies<\/strong> that have finished their initial public offering (IPO) and are <strong>yet to be listed on stock exchanges<\/strong>.<\/li>\n<li>This is aimed at reducing the activity in the grey market, which is largely unregulated and has a significant influence on listings.<\/li>\n<li><strong>Present timeline of listing shares in India<\/strong>\n<ul>\n<li>At present, once the IPO is closed, shares have to be listed on trading platforms in trading plus <strong>three working days (T+3),<\/strong> with T being the closing day of the offer. The allotment of shares is done on T+1 day.<\/li>\n<li>In the period between the allotment of shares and listing day, investors trade in the grey market.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<h2>What is the Grey Market?<\/h2>\n<ul>\n<li>It refers to an <strong>unofficial trading of securities<\/strong> even before they are listed on a stock exchange. This is an unregulated market and works on demand and supply.<\/li>\n<li>Many investors look at the premium offered in the grey market for stock of a company which has launched an IPO, before considering investing in the offer.<\/li>\n<li>To curb grey market activity, SEBI is working on launching \u2018when-listed\u2019 platform<\/li>\n<\/ul>\n<h2>When-listed Platform FAQs<\/h2>\n<p><strong>Q1:<\/strong> What is the grey market for stocks?<\/p>\n<p><strong>Ans:<\/strong> It is an unofficial financial securities market<\/p>\n<p><strong>Q2: <\/strong>When can a company launch an IPO?<\/p>\n<p><strong>Ans:<\/strong> To launch an IPO, the company must submit its annual financial reports for the last three years to the NSE.<\/p>\n<p><strong>Q3:<\/strong> What is the difference between listed and unlisted companies in UPSC?<\/p>\n<p><strong>Ans:<\/strong> The listed companies in India- are regulated by the Security and Exchange Board of India(SEBI). Unlisted companies are not controlled by any governing body and follow less stringent laws than listed companies.<\/p>\n<p><strong>Source: <\/strong><a href=\"https:\/\/indianexpress.com\/article\/business\/to-curb-grey-market-activity-sebi-is-working-on-launching-when-listed-platform-9792056\/\" target=\"_blank\" rel=\"nofollow noopener\"><strong>IE<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>When-listed Platform is for trading of shares of companies that have finished their initial public offering (IPO) and are yet to be listed on stock exchanges.<\/p>\n","protected":false},"author":5,"featured_media":29697,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-29696","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-upsc-prelims-current-affairs","8":"no-featured-image-padding"},"acf":[],"_links":{"self":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/29696","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/comments?post=29696"}],"version-history":[{"count":0,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/29696\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media\/29697"}],"wp:attachment":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media?parent=29696"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/categories?post=29696"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/tags?post=29696"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}