Announcements

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

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:

1. No storage risk or cost
2. No default risk
3. No GST or STT
4. Tradable on exchanges
5. Can be used as Loan Collateral

Read more about SGBs >>>

Apply Now

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• Additional Margins Withdrawn: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.

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:

• Read our IPO Research Report
• Watch our IPO Analysis Youtube Video
• Click here to know: How to Apply for IPO On Angel Broking?

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:

• Change in Name and Symbol of Bharti Infratel Limited
• Change in Underlying Name and Symbol

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 Requirement (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 the Day			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.

• SEBI CIRCULAR
• NSE FAQ

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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
DCAL	Non-Retail	December 18, 9:15 AM - 3:30 PM	Rs. 145.70
DCAL	Retail	December 21, 9:15 AM - 3:30 PM	Rs. 145.70
CEINSYSTEC	Non-Retail	December 10, 9:15 AM - 3:30 PM	Rs. 145
CEINSYSTEC	Retail	December 11, 9:15 AM - 3:30 PM	Rs. 145
FMGOETZE	Non-Retail	December 10, 9:15 AM - 3:30 PM	Rs. 335
FMGOETZE	Retail	December 11, 9:15 AM - 3:30 PM	Rs. 335
IRCTC	Non-Retail	December 10, 9:15 AM - 3:30 PM	Rs. 1367
IRCTC	Retail	December 11, 9:15 AM - 3:30 PM	Rs. 1367
ISEC	Non-Retail	December 9, 9:15 AM - 3:30 PM	Rs. 440
ISEC	Retail	December 10, 9:15 AM - 3:30 PM	Rs. 440

As per SEBI guidelines and FAQ dated 27th November, 2020 published by NSE on peak margin collection and reporting, below mentioned are the changes which will be effective from 1st December, 2020.

1. Upfront margin will be collected before placing any trade across all segments.
2. You will continue to enjoy 80% of the sale benefits for shares that have been sold from your account on the same day of sell.
3.Funds Payout will be processed pre and post equity market hours (Before 9 am and after 4 pm).
4. It is advisable that you transfer Funds to your Angel Broking account or Pledge your shares lying in your Angel Demat account to enjoy uninterrupted trading.


Click here to view the SEBI Circular
Click here to view the FAQ published by NSE

Here's the list of the latest Takeovers, Buy Back 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
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
NMDC	Buyback	17-12-2020	31-12-2020	Rs. 105
ASAHISONG	Buyback	10-12-2020	23-12-2020	Rs. 330
NTPC	Buyback	04-12-2020	18-12-2020	Rs. 115
AJANTPHARM	Buyback	03-12-2020	16-12-2020	Rs. 1850
KIOCL LTD	Buyback	01-12-2020	14-12-2020	Rs. 110
COSMOFILMS	Buyback	27-11-2020	11-12-2020	Rs. 576
MAJESCO	Buyback	27-11-2020	11-12-2020	Rs. 845
RESONANCE	Takeover	26-11-2020	10-12-2020	Rs. 55.50
ASHOKALC	Takeover	25-11-2020	09-12-2020	Rs. 22.55
INTLCONV	Takeover	24-11-2020	08-12-2020	Rs. 33

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