New RBI Grade B 2025 Notification will come Soon! Enroll Here

    Question

    Under the IFSCA Listing Regulations 2024, how long must

    promoters’ and controlling shareholders’ pre-issue shareholding be locked up after an IPO?
    A 90 days Correct Answer Incorrect Answer
    B 120 days Correct Answer Incorrect Answer
    C 150 days Correct Answer Incorrect Answer
    D 180 days Correct Answer Incorrect Answer
    E 365 days Correct Answer Incorrect Answer

    Solution

    Regulation 29 specifies that pre-issue shareholding of promoters and controlling shareholders must be locked up for 180 days from the date of allotment in the IPO.

    Practice Next