Change in Average Price Calculation of Commodity Contracts
This is to inform you that w.e.f 21-Aug-2023, we have introduced a change in calculating the Average Price for Commodity contracts.
The Average Price of the position does not include any charges or brokerage on the trading day (T day). After the end of the day billing, the updated Average Price is updated on the Contract note, and the same is updated in the Position book on the next day (T+1 day).
Earlier, the Average Price in the Position book on T+1 day did not include brokerage and did not match the Contract Note Average Price. With this new change, the Average Price on T+1 day will include the brokerage.
Let’s understand this with an example.
A user bought 10 units of OPTFUT SILVERM 2023-08-22 75000.00 CE
Buy Amount: Rs. 11100
Brokerage: Rs. 500
Other charges: Rs. 96.8954
Old Average Price: (11100+96.8954)/10 = 1119.68954
New Average Price: (11100+96.8954+500)/10 = 1169.68954
Difference between the 2 Average Prices = Rs 50
Scrip name | Quantity | Buy amount | Brokerage | Other charges | Old Avg Price (Buy amt + Other charges)/Qty | New Avg Price (Buy amt + Brokerage + Other charges)/Qty | Difference (New Avg price - Old Avg price) |
OPTFUT SILVERM 2023-08-22 75000.00 CE | 10 | 11100 | 500 | 96.8954 | 1119.68954 | 1169.68954 | 50 |
W.e.f 16-Aug: New Identity for Asian Food Products Ltd.
As per a recent circular, the name and symbol of Asian Food Products Ltd. (Scrip code: 507530) will be changed as follows w.e.f 16-Aug-23.
Existing Symbol | New Symbol | Existing Name of the Company | New Name of the Company |
ASIFOOD | THAKKERS | Asian Food Products Ltd. | Thakkers Group Ltd. |
Refer: BSE Circular
Sub-division of equity shares of Avantel 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 Avantel Ltd. (Scrip Code: 532406) will be sub-divided into 5 equity shares. The key dates for the same are as follows:
Company Name | Symbol | Sub-division Ratio | Record Date | Ex-split Date |
Avantel Ltd. | AVANTEL | 1:5 | 16-Aug | 14-Aug |
Refer: BSE Circular
Introducing ODR: An all-new dispute resolution platform by SEBI!
As per a recent Circular (SEBI/HO/OIAE/OIAE_IAD-1/P/CIR/2023/131) dated 31-Jul-23, SEBI has launched the ODR Portal i.e. Smart ODR Portal (Securities Market Approach for Resolution Through ODR Portal).
SEBI has set up this platform to improve investors’ grievance redressal by providing them access to Online Dispute Resolution Institutions for the resolution of their complaints. To raise a complaint through the ODR portal, you need to follow the below steps:
However, you can initiate dispute resolution through the ODR Portal without having to go through SCORES Portal if the grievance lodged with the concerned Market Participant was not resolved satisfactorily.
For more information on how to resolve your complaints through the ODR Portal, refer to SEBI Circular.
To access the ODR Portal, click here.
IPO Alert: Pyramid Technoplast Ltd.
Pyramid Technoplast is an industrial packaging company engaged in the business of manufacturing polymer based molded products mainly used by chemical, agrochemical, speciality chemical and pharmaceutical companies for their packaging requirements. They are one of the leading manufacturers of rigid Intermediate Bulk Containers in India manufacturing 1,000 litre capacity IBC.
The below table has important dates with respect to the IPO allotment and listing.
Finalization of Basis of Allotment | 25-Aug-23 |
Initiation of Refunds | 28-Aug-23 |
Credit of Shares to Demat Acct | 29-Aug-23 |
IPO Shares Listing Date | 30-Aug-23 |
UPI mandate expiry date | 31-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.
Suspension of trading in securities of 3 Companies
Trading in securities of the undermentioned companies will be suspended w.e.f Aug 14, 2023. Please take appropriate action as needed.
Name of Company | Scrip code |
Dhanada Corporation Ltd | 531198 |
Infra Industries Ltd | 530777 |
Padmalaya Telefilms Ltd | 532350 |
Refer: BSE Circular
Max Ventures & Industries Ltd. has stopped trading
Per recent circulars, the following security (Scrip Code: 539940) has been suspended from trading w.e.f. August 11, 2023.
Name of the Company | Symbol | Reason for Suspension |
Max Ventures & Industries Ltd. | MAXVIL | Scheme of Amalgamation |
Refer: BSE Circular | NSE Circular
Sub-division of equity shares of Iris Clothings 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 Iris Clothings Ltd. will be sub-divided into 5 equity shares. The key dates for the same are as follows:
Company Name | Symbol | Sub-division Ratio | Record Date | Ex-split Date |
Iris Clothings Ltd. | IRISDOREME | 1:5 | 11-Aug | 11-Aug |
Refer: NSE Circular
Sub-division of equity shares of Mena Mani Industries 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 Mena Mani Industries Ltd. (Scrip Code: 531127) 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 |
Mena Mani Industries Ltd. | MENAMANI | 1:10 | 11-Aug | 11-Aug |
Refer: BSE Circular
Trading & Settlement Holiday: 15 & 16 August 2023
15-Aug-23 is a trading holiday on account of Independence Day. All Exchanges will be closed for the trading of Equity, Derivatives, Currency, and Debt segments. There will be no settlement of funds and securities on this day. 16-Aug-23 is a settlement holiday on account of Parsi New Year. The Currency Segment will be closed on this day for trading. However, other segments are open for Trading.
What this means for you:
You can place your Trades as usual. However, the settlement of funds/securities will be processed as detailed in the table below:
Segment | Trade placed on | Date of Settlement |
Equity | 14-Aug | 17-Aug |
Derivatives (F&O) | 14-Aug | 17-Aug |
Your credit balance for 16-Aug will not include the following:
Segment | Account Balance Exclusions |
Equity | Intraday Profits made on 14-Aug |
Derivatives (Equity F&O, Currency & Commodity) | Credits Made From Trades Done On 14-Aug |
Just so you know: Settlement holidays refer to days when markets (except the Currency segment) are open for trading but when Depositories and/or Banks are closed. Due to this, all trades done during that day will be settled on the next settlement cycle, as per the respective segments.