India's capital markets regulator, Sebi, has proposed to reduce the time taken for the listing of shares on stock exchanges after initial public offerings (IPOs) to three days from six days at present. The move is expected to be beneficial to issuers and investors. Sebi has sought input from the public until 3 June on the proposal, which came after extensive tests and simulations involving stakeholders such as sponsor banks, depositories, registrars, NPCI and stock exchanges.