IPO Alert: SBFC Finance Ltd.
SBFC is a systematically important, non-deposit taking non-banking finance company offering Secured MSME Loans and Loans against Gold, with a majority of their borrowers being entrepreneurs, small business owners, self-employed individuals, salaried and working-class individuals.
Read more about SBFC Finance IPO
The below table has important dates with respect to the IPO allotment and listing.
Finalization of Basis of Allotment | 10-Aug-23 |
Initiation of Refunds | 11-Aug-23 |
Credit of Shares to Demat Acct | 14-Aug-23 |
IPO Shares Listing Date | 16-Aug-23 |
UPI mandate expiry date | 17-Aug-23 |
In case you have not been allotted for any partial allotment of IPO shares, the blocked amount, if any, will be unblocked/released on or before UPI mandate expiry date as mentioned in the above table. Please reach out to your bank in case funds are not unblocked/released post the mandate expiry date.
[01-Aug-23] Quantity Freeze Limits for Indices
As per a recent NSE Circular, the Quantity Freeze Limit for different indices has been revised w.e.f 01-Aug-23.
Below are the Quantity Freeze Limits & Maximum Lots per Order applicable for the mentioned indices:
![](https://announcements123.files.wordpress.com/2023/08/quantity-freeze-limit_august.png?w=1024)
Refer: NSE Circular
W.e.f 31-Jul: New Identity for Orient Abrasives Ltd.
As per a recent circular, the name and symbol of Orient Abrasives Ltd. (Scrip code: 504879) will be changed as follows w.e.f 31-Jul-23.
Existing Symbol | New Symbol | Existing Name the of Company | New Name of the Company |
ORIENTABRA | ORIENTCER | Orient Abrasives Ltd. | Orient Ceratech Ltd. |
Refer: BSE Circular | NSE Circular
W.e.f 31-Jul-23: New Identity for Fourth Dimension Solutions Ltd.
As per a recent circular, the name of Fourth Dimension Solutions Ltd. will be changed as follows w.e.f 31-Jul-23.
Existing Symbol | New Symbol | Existing Name of the Company | New Name of the Company |
4THDIM | GVPTECH | Fourth Dimension Solutions Ltd. | GVP Infotech Ltd. |
Refer: NSE Circular
Sub-division of equity shares of Akshar Spintex Ltd.
Stock sub-division or stock split is a corporate action in which a company increases the number of its outstanding shares by issuing more shares to its existing shareholders.
As per a recent circular, 1 equity share of Akshar Spintex Ltd. (Scrip Code: 541303) will be sub-divided into 10 equity shares. The key dates for the same are as follows:
Company Name | Symbol | Sub-division Ratio | Record Date | Ex-split Date |
Akshar Spintex Ltd. | AKSHAR | 1:10 | 31-Jul | 31-Jul |
Refer: NSE circular | BSE Circular
Bonus Issue of Shish Industries Ltd.
A bonus Issue is one of the corporate actions where a company issues bonus shares as new or additional shares, free of cost and in proportion to the shares held by the shareholder.
As per the recent BSE circular, Shish Industries Ltd. is issuing 2 bonus share for every 1 existing share. The key dates for the Bonus Issue are as follows:
Company Name | Symbol | Record date | Ex-Bonus basis from Date |
Shish Industries Ltd. | SHISHIND | 28-Jul | 28-Jul |
Refer: BSE circular
Dividend payment by Indian Oil Corporation Ltd
A dividend is an amount paid by the company to its shareholders out of its profits. These regular profit-sharing payment in the form of dividends is a corporate action initiated by the company regularly.
As per a recent circular, Indian Oil Corporation Ltd. has announced a payment of dividend at Rs 3 for the Financial year 2023-24. The key dates for the same are as follows:
Company Name | Symbol | Dividend Amount | Record date |
Indian Oil Corporation Ltd. | IOC | Rs 3 | 28-Jul-23 |
Refer: NSE Circular
Sub-division of equity shares of Servotech Power Systems Ltd.
Stock sub-division or stock split is a corporate action in which a company increases the number of its outstanding shares by issuing more shares to its existing shareholders.
As per a recent circular, 1 equity share of Servotech Power Systems Ltd. will be sub-divided into 2 equity shares. The key dates for the same are as follows:
Company Name | Symbol | Sub-division Ratio | Record Date | Ex-split Date |
Servotech Power Systems Ltd. | SERVOTECH | 1:2 | 28-Jul | 28-Jul |
Refer: NSE circular
Offer for Sale (OFS) - Rail Vikas Nigam Ltd.
Offer for Sale of below company is open in BSE/NSE. To Place your OFS Request:
Caution: Demerger of Saregama India Ltd.
As per a BSE circular, Saregama India Ltd. will demerge w.e.f. 27-Jul-23.
Due to this demerger, 1 equity share of Digidrive Distributors Ltd. will be issued for every 5 equity shares held in Saregama India Ltd.
Name of Company | Symbol | Scrip Code |
Saregama India Ltd. | SAREGAMA | 532163 |
Refer: BSE Circular