PAPERLESS PUBLIC ISSUES ON CARDS

The group to review issue process (GRIP) has recommended elimination of application forms in the primary market. The sub-panel of primary market advisory committee (PMAC), a standing committee of Securities and Exchange Board of India, has also suggested there should be no manual intervention in the issue process of the primary market. The GRIP panel has suggested that the entire initial public offering (IPO) process can be carried out through the internet platform. Another option is to use the secondary market infrastructure already available with the market. .