Dear Students, New Batches for IAS and MPPSC starting from 7th and 16th April (Mor-Eve)
When-Listed” Platform
Context:
SEBI plans to introduce a “when-listed” platform to regulate pre-listing share trading to curb grey market activities and protect investor interests.
About the ‘When-Listed’ Platform:
What it is: A regulated platform for trading unlisted shares between IPO allotment and official listing.
Developed by: Securities and Exchange Board of India (SEBI) in collaboration with stock exchanges.
Aim: To reduce grey market trading, ensure transparency, and provide a regulated avenue for pre-listing share transactions.
Features:
Allows trading of IPO-allotted shares before official listing.
Operates within the T+3 timeline (allotment to listing).
Replaces informal grey market trading with a formal, regulated mechanism.
Significance:
Enhances market transparency and investor protection.
Curbs volatility and speculative activities in the grey market.
Formalizes pre-listing trading, reducing risks for retail investors.
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