SEBI Proposes To Streamline IPO Process Via UPI

SEBI has proposed streamlining the initial public offering process with a unified payment interface in the application supported by blocked amount and redressal of investor grievances. In 2018, SEBI introduced the use of UPI as an additional payment mechanism with ASBA for retail investors. The regulator said based on the experience gained with the current UPI system, it has identified certain issues based on market participants’ feedback.

Source: The Economic Times

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