CDSL introduces Dual Verification for Sell Transactions
As you know, e-DIS (Electronic Delivery Instruction Slip) is an online facility which allows you to sell shares without submitting your Power of Attorney (POA). In order to bring in additional security for your transactions, CDSL has issued a new set of guidelines with regards to e-DIS & TPIN authorization for non-POA clients.
Here’s how this is going to work
- Place your Sell Order as usual – selecting the stock and the quantity needed
- You will be prompted to Authorize the transaction
- Once you agree, you will be re-directed to CDSL’s website
- Here you need to enter both –
- Your TPIN, and
- Unique OTP from CDSL sent to your registered mobile number & email id
- Click VERIFY to complete the authorization and proceed with your Sell Order
Also, currently the validity of this authorization was 90 days. What this meant was, that you could select a full basket of stocks with their respective quantities and authorize the Sell Order. You then had 90 days during which you could sell any of the stocks you had previously authorized, as and when you wanted.
However, from 20th February, 2021 – the authorization of the Sell transaction will be valid for only 1 day.
Please note that there is NO Change in the TPIN generation process. You can use your already active TPIN, or if you have forgotten your TPIN simply generate a new one via CDSL’s website.
Peak Margin – Phase 2 is Here!
From 1st March, 2021, Phase 2 of the Implementation of Peak Margin begins. Let’s see what this means and how it will impact you.
A little background first: SEBI’s new set of guidelines on Peak Margin Collection & Reporting came in to effect from 01-Dec-20. Peak Margin refers to the highest margin requirement of trades done during the day. The roll-out of Peak Margin requirement was to be done in 4 stages. The 1st phase (01-Dec-20 to 28-Feb-21) required an upfront peak margin of 25%. (For more details, refer – Here’s what’s new about Peak Margins)
Phase 2 of the implementation plan begins from 1st March, 2021 whereby minimum 50% of total margin will be required as peak margin for trades done during the day.
Let’s see how this works out with the help of an Example:
WHAT DOES THIS MEAN FOR YOU?
- From 1st March, 2021, 50% of total margin (Peak Margin) will be collected upfront before placing any trade, across all segments.
- To avoid margin shortage penalty, Funds Payout will be done twice during the day – once before equity market opens & once after equity market closes.
How to ensure uninterrupted trading? It’s Simple -
- Keep your Angel Broking account well-funded at all times, and/or
- Pledge your shares lying in your Angel Demat account
Phase 3 of the Peak Margin implementation is planned to begin from 1st June, 2021 – which will further increase the Peak Margin requirement to 75%. More on that, later.
For more details, feel free to visit the below links:
IPO Alert: NURECA LIMITED
Nureca is a B2C company that functions in the segment of home healthcare and wellness products, manufactures and sells directly to the consumers. As the country’s first digital healthcare and wellness company, it produces high-quality, innovative, and durable devices to monitor chronic patients and improve their quality of life.
Incorporated in 2016, Nureca sells its products through online channels and partners with India’s first omnichannel electronics retailer, Croma to offer its wide range of products. Its products are also available on its website, drtrust.in.
Bid/Offer Opens On | Monday, 15th February, 2021 |
Bid/Offer Closes On | Wednesday, 17th February, 2021 |
Lot Size | 35 shares and multiples thereafter |
For More Details:
IPO Alert: Rail Tel Corporation of India Limited
Incorporated in 2000, Railtel is a state-owned company, responsible for providing information and communication infrastructure to the railway. Its primary role is to upgrade, modernise, and maintain the existing telecom system of train control and generate additional revenue by laying optical fiber cable along the rail tracks. On June 2020, Railtel covered an optical fiber network of 55,000 Km along 5677 railway stations.
Bid/Offer Opens On | Tuesday, 16th February, 2021 |
Bid/Offer Closes On | Thursday, 18th February, 2021 |
Price Band | Rs. 93 - Rs. 94 |
Lot Size | 155 shares and multiples thereafter |
For More Details:
Offer for sale (OFS) - February 2021
Offer for Sale of below companies are open in BSE/NSE. To Place your OFS Request:
- Contact your sub broker
- In case you don't have a sub broker, call us on 022-68071111 | 022-42185454
IPO Alert: BROOKFIELD INDIA REIT
The Brookfield REIT is India’s only institutionally managed public commercial real estate vehicle. Sponsored by an affiliate of Brookfield Asset Management (“BAM”), one of the world’s largest alternative asset managers with approximately US$575 billion in assets under management, as of September 30, 2020, their goal is to be the leading owner of high quality income producing commercial real estate assets in key gateway Indian markets, which have significant barriers to entry.
Bid/Offer Opens On | Wednesday, 3rd February, 2021 |
Bid/Offer Closes On | Friday, 5th February, 2021 |
Price Band | Rs. 274 - Rs. 275 |
Lot Size | 200 shares and multiples thereafter |
Click here to know How to Apply
For More Details:
Buybacks, Takeovers and Delisting - February 2021
Here's the list of the latest Buybacks, Takeovers and De-listing. The Offer Period and Price are mentioned along with them. To participate in any of these call us on 022-68071111 / 022-42185454 or write to us at support@angelbroking.com
Scrip Name | Sub Type | Start Date | End Date | Floor Price |
NATIONALUM | Buyback | 25-02-2021 | 10-03-2021 | Rs. 57.50 |
GAIL | Buyback | 25-02-2021 | 10-03-2021 | Rs. 150 |
NEAGI | Buyback | 24-02-2021 | 09-03-2021 | Rs. 1600 |
REMIEDEL | Delisting | 23-02-2021 | 01-03-2021 | Rs. 19.69 |
PFOCUS | Takeover | 23-02-2021 | 08-03-2021 | Rs. 44.15 |
ARTNIRMAN | Takeover | 22-02-2021 | 05-03-2021 | Rs. 22 |
ARCHIDPLY | Buyback | 10-02-2021 | 24-02-2021 | Rs. 37 |
XCHANGING | Delisting | 09-02-2021 | 15-02-2021 | Rs. 44.64 |
FAIRCHEMOR | Takeover | 09-02-2021 | 23-02-2021 | Rs. 575.53 |
OVOBELE | Takeover | 08-02-2021 | 22-02-2021 | Rs. 49.41 |
INDPRUD | Buyback | 04-02-2021 | 17-02-2021 | Rs. 1200 |
VANDANA | Takeover | 29-01-2021 | 11-02-2021 | Rs. 0.4 |
JMA | Buyback | 25-01-2021 | 08-02-2021 | Rs. 36 |
MEHTAHG | Takeover | 22-01-2021 | 05-02-2021 | Rs. 10 |
ENGINERSIN | Buyback | 22-01-2021 | 05-02-2021 | Rs. 84 |
NIDHGRN | Takeover | 21-01-2021 | 04-02-2021 | Rs. 29 |
GARFIBRES | Buyback | 19-01-2021 | 02-02-2021 | Rs. 2300 |
Now Open: SGB 2020-21 – Series XI
Security Symbol | Issue Period | Date of Allotment | Issue Price per gram |
---|---|---|---|
SGB202111 | February 01 2021 - February 05, 2021 | February 09, 2021 | - Offline Bid: Rs 4,912 - Online Bid: Rs 4,862 (if you apply online and pay via digital mode) |
The sovereign gold bond scheme is a Government of India undertaking that allows you to purchase gold on paper. This is an easy alternative for investors who want to invest in gold but don't want the hassle associated with purchasing gold in physical form.
Here are Top 5 Super Benefits that SGBs provide:
- No storage risk or cost
- No default risk
- No GST or STT
- Tradable on exchanges
- Can be used as Loan Collateral
IPO Alert: Stove Kraft Ltd.
Incorporated in 1999, Stove Kraft is a kitchen solutions company and an emerging home solutions brand. The company is ISO 9001:2008 certified leading brand for kitchen appliances in India and is one of the dominant players in pressure cookers and a market leader in the sale of freestanding hobs and cooktops.
Bid/Offer Opens On | Monday, 25th January, 2021 |
Bid/Offer Closes On | Thursday, 28th January, 2021 |
Price Band | Rs. 384 - Rs. 385 |
Lot Size | 38 shares and multiples thereafter |
Click here to APPLY NOW
IPO Alert: Home First Finance Company India Ltd
Incorporated in 2010, Home First Finance Company India Limited is a Housing Finance Company. It is primarily engaged in the business of lending of housing loans to first time home buyers in low and middle-income groups, loans for the purpose of purchasing commercial property, loan against property and construction finance.
Bid/Offer Opens On | Thursday, 21st January, 2021 |
Bid/Offer Closes On | Monday, 25th January, 2021 |
Price Band | Rs. 517 - Rs. 518 |
Lot Size | 28 shares and in multiple thereafter |
For More Details: