IPO Alert: Indigo Paints Ltd
Indigo Paints is the fastest growing amongst the top five paint companies in India.
Company manufacture a complete range of decorative paints including emulsions,
enamels, wood coatings, distempers, primers, putties and cement paints.
Bid/Offer Opens On | Wednesday, 20th January, 2021 |
Bid/Offer Closes On | Friday, 22nd January, 2021 |
Price Band | Rs. 1488 - Rs. 1490 |
Lot Size | 10 shares and in multiple thereafter |
Click here to APPLY NOW
For More Details:
IPO Alert: Indian Railway Finance Corporation
IRFC is a public-sector enterprise under the Ministry of Railway (MOR), primarily engaged in financing acquisition of rolling stock assets, leasing railway infrastructure, and lending to entities under MOR. The unit is responsible for raising funds to finance various MOR projects. The role of IRFC is critical to the growth of Indian Railways. In 2019 fiscal, IRFC financed Rs. 525.35 billion to Indian Railways, accounting for 39.34 percent of its total expenditure of Rs. 1,334 billion.
Bid/Offer Opens On | Monday, 18th January, 2021 |
Bid/Offer Closes On | Wednesday, 20th January, 2021 |
Price Band | Rs. 25 - Rs. 26 |
Market Lot | 575 shares |
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For More Details:
Now Open: SGB 2020-21 – Series X
Security Symbol | Issue Period | Date of Allotment | Issue Price per gram |
---|---|---|---|
SGB202109 | January 11 2021 - January 15, 2021 | January 19, 2021 | - Offline Bid: Rs 5,104 - Online Bid: Rs 5,054 (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
Offer for sale (OFS) - January 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
Scrip Name | Category | Time Window | Floor Price |
---|---|---|---|
FMGOETZE | Retail | January 27, 9:15 AM - 3:30 PM | Rs.305 |
FMGOETZE | Non-Retail | January 25, 9:15 AM - 3:30 PM | Rs. 305 |
SIELFNS | Non-Retail | January 19, 9:15 AM - 3:30 PM | Rs. 1.5 |
SIELFNS | Retail | January 20, 9:15 AM - 3:30 PM | Rs. 1.5 |
SAIL | Non-Retail | January 14, 9:15 AM - 3:30 PM | Rs. 64 |
SAIL | Retail | January 15, 9:15 AM - 3:30 PM | Rs. 64 |
DCAL | Non-Retail | January 12, 9:15 AM - 3:30 PM | Rs. 140 |
DCAL | Retail | January 13, 9:15 AM - 3:30 PM | Rs. 140 |
WENDT | Non-Retail | January 7, 9:15 AM - 3:30 PM | Rs. 2200 |
WENDT | Retail | January 8, 9:15 AM - 3:30 PM | Rs. 2200 |
Buybacks, Takeovers and Delisting - January 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 |
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 |
TEJASSVI | Takeover | 12-01-2021 | 25-01-2021 | Rs. 0.55 |
PRESOFI | Takeover | 12-01-2021 | 25-01-2021 | Rs. 3 |
FRASER | Takeover | 08-01-2021 | 21-01-2021 | Rs. 6 |
SHYAMTEL | Delisting | 07-01-2021 | 13-01-2021 | Rs. 6.15 |
HINDEVER | Takeover | 01-01-2021 | 14-01-2021 | Rs. 97 |
KANCHI | Buyback | 31-12-2020 | 13-01-2021 | Rs. 405 |
HIKLASS | Takeover | 30-12-2020 | 12-01-2021 | Rs. 17.80 |
MAYURUNIQ | Buyback | 30-12-2020 | 12-01-2021 | Rs. 400 |
WIPRO | Buyback | 28-12-2020 | 11-01-2021 | Rs. 400 |
TCS | Buyback | 17-12-2020 | 01-01-2021 | Rs. 3000 |
Now Open: SGB 2020-21 – Series IX
Security Symbol | Issue Period | Date of Allotment | Issue Price per gram |
---|---|---|---|
SGB202109 | December 28 2020 - January 01, 2021 | January 05, 2021 | - Offline Bid: Rs 5,000 - Online Bid: Rs 4,950 (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
Crude Oil Contracts Initial & Additional Margins - Slashed!
In its recent circular, MCXCCL has reviewed the Risk Management Measures for Crude Oil Contracts. Here is a quick synopsis of the key highlights which will come into effect from Dec 23, 2020:
- Reduction in Initial Margins:
For all existing and to be launched Crude Oil contracts, Minimum Initial Margin / Short Option Minimum Margin revised from 100% to 50%
- Additional Margins Withdrawn:
Withdrawal of Additional Margin of Rs. 1,00,000 (near month) and Rs.50,000 (other expiries) levied on Crude Oil Futures contracts and on Short Side of Crude Oil Options contracts.
Consider this Example for better understanding: For a CRUDEOIL FUT 19JAN21
Current price | Required Margin Before Dec 23, 2020 | Required Margin From Dec 23, 2020 Onwards |
Rs. 3420 | Rs. 4,46,275 Rs. 3,42,000 (Initial 100% margin) + Rs. 1,00,000 (Additional Margin) + Rs. 4,275 (1.25% Extreme Loss Margin) | Rs. 1,75,275 Rs. 1,71,000 (Initial 50% margin) + Rs. 4,275 (1.25% Extreme Loss Margin) |
For more details, please refer the MCX Circular.
IPO Alert: Antony Waste Handling Cell Limited
Incorporated in 2001, Antony Waste Handling Cell Limited is engaged in offering Municipal Solid Waste (MSW) Management services. The service range of the company includes solid waste collection, transportation, processing and disposal services to Indian municipalities. It has in-house expertise in landfill construction and management sector.
Bid/Offer Opens On | Monday, 21st December, 2020 |
Bid/Offer Closes On | Thursday, 23rd December, 2020 |
Price Band | Rs. 313 - Rs. 315 |
Bid Lot | 47 equity shares and in multiples thereof |
Click here to APPLY NOW
For More Details:
Bharti Infratel: Change in Stock Name and Symbol
Please note that w.e.f December 18, 2020, the name and symbol of the following Company shall be changed .
Existing Symbol | New Symbol | Existing Name of the Company | New Name of the Company |
INFRATEL | INDUSTOWER | Bharti Infratel Limited | Indus Towers Limited |
All F&O contracts in the security would be traded under the new symbol with effect from December 18, 2020.
For more details please read the below Circulars:
Here’s what’s new about Peak Margins
SEBI has prescribed a new set of guidelines focusing primarily on Peak Margin Collection & Reporting, and these guidelines have come into effect from 01-Dec-20. Here’s a quick synopsis on what’s new and how it affects you and your trading activity.
Before we go to Peak Margin, let’s understand the concept of Margin.
WHAT IS MARGIN & MARGIN REPORTING?
Margin Trading allows you to purchase shares by paying only a part of the trading value. Margin refers to the minimum payment that you have to contribute to place your order.
Prior to 01-Dec-20:
- Brokers collected upfront margin only for the derivatives segment
- From 15-Sept-20, brokers also started collecting upfront margin for Cash segment
- Brokers reported client transactions along with the collected margin to the exchanges and clearing corporations at the end of the day
INTRODUCING PEAK MARGINS
From 01-Dec-20, to calculate the margin obligation, exchanges and clearing corporations will take minimum of 4 random snapshots of trading positions. The highest margin of these 4 snapshots will be considered as the Peak Margin of the day.
EXAMPLE |
|||
Snapshot of Positions during the Day |
All Values in INR |
||
Amount |
Minimum Margin Requirement (VAR + ELM) |
PHASE 1 (01-Dec-20 to 28-Feb-21) |
|
Minimum Peak Margin (25% of Minimum Margin Requirement) |
|||
Position 1 |
1,00,000 |
25,000 |
6,250 |
Position 2 |
1,25,000 |
31,250 |
7,812.5 |
Position 3 |
50,000 |
12,500 |
3,125 |
Position 4 |
75,000 |
18,750 |
4,687.5 |
|
|||
Peak Margin Requirement during |
7,812.5 |
||
Note: For the above example VAR + ELM is assumed at 25% (20%+5%). Value at Risk (VAR) margin depends on the liquidity of the stock, and varies from scrip to scrip. For instance, for stocks that are part of Group 1 (classified as liquid stocks), the applicable daily VAR is 3.5 times the volatility or 7.5%, whichever is higher. Extreme loss margin (ELM) is computed as 1.5 times the standard deviation of daily returns of the security price in the last six months. Minimum ELM = 5%. |
This peak margin will be collected during the day itself, and will be applicable on all segments, including Intraday trades.
WHAT DOES THIS MEAN FOR YOU
- You will need to pay upfront margin before placing any trade across all segments.
- You will need to ensure that you maintain an account balance equal to or more than the peak margin requirement in order to execute your order.
- To avoid margin shortfalls and penalty, Funds Payout will now be processed only pre and post equity market hours (Before 7.30 am and after 5.30 pm).
- Sale benefit for shares that have been sold from your account on the same day is revised to 80% (as compared to 100% prior to 01-Dec-2020). For example, if you sell your holdings worth Rs.1,00,000, you will now get limit/margin against Rs. 80,000.
4-STAGE IMPLEMENTATION
Here’s another important aspect for you to consider. These guidelines will be implemented in a phased manner from 01-Dec-2020 to September 2021, as mentioned in the table below:
Date Range | Required Upfront Peak Margin (% of the minimum requirement) | |
Phase 1 | 01-Dec-20 to 28-Feb-21 | 25% |
Phase 2 | 01-Mar-21 to 31-May-21 | 50% |
Phase 3 | 01-Jun-21 to 31-Aug-21 | 75% |
Phase 4 | 01-Sept-21 onwards | 100% |
In conclusion, here are 2 recommendations to ensure that you don’t face any disruptions due to inadequate funds:
- Keep your Angel Broking account well-funded at all times
- Pledge your shares lying in your Angel Demat account
For more details, feel free to visit the below links.