[01-Nov-22] NIFTY and BANKNIFTY Quantity Freeze Limit Revised
As per a recent NSE Circular, the Quantity Freeze Limit for NIFTY and BANKNIFTY have been revised w.e.f 01-Nov-22.
Below are the Quantity Freeze Limits & Maximum Lots per Order applicable for the mentioned indices:
No. | Indices | Quantity Freeze Limit(Maximum units you can buy or sell per order) | Maximum lots per Order(Quantity Freeze Limit/Lot Size*) |
1. | BANKNIFTY | 900 | 36 |
2. | NIFTY | 1800 | 36 |
3. | FINNIFTY | 1800 | 45 |
4. | MIDCPNIFTY | 5500 | 73 |
*Lot Size refers to Units per Lot. This is defined by the Exchange and is currently as follows:
BANKNIFTY=25; NIFTY=50; FINNIFTY=40; MIDCPNIFTY=75Refer: NSE Circular
Important Dates: Fusion Micro Finance Ltd. IPO
Fusion Micro Finance Ltd. was formed with the core idea of creating opportunities for the underprivileged sector of society. It helps in providing financial services to unserved and underserved women in rural and peri-rural areas across India.
Read more about Fusion Micro Finance IPO
The below table has important dates with respect to the IPO allotment and listing.
Finalization of Basis of Allotment | 10-Nov-22 |
Initiation of Refunds | 11-Nov-22 |
Credit of Shares to Demat Acct | 14-Nov-22 |
IPO Shares Listing Date | 15-Nov-22 |
UPI mandate expiry date | 16-Nov-22 |
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.
Important Dates: Global Health Ltd. IPO
Global Health Ltd. is one of the largest private multi-specialty tertiary healthcare providers operating in the North and East regions of India. Their specialized areas include cardiology and cardiac science, neurosciences, oncology, digestive and hepatobiliary sciences, orthopaedics, liver transplant, and kidney and urology.
Read more about Global Health IPO
The below table has important dates with respect to the IPO allotment and listing.
Finalization of Basis of Allotment | 11-Nov-22 |
Initiation of Refunds | 14-Nov-22 |
Credit of Shares to Demat Acct | 15-Nov-22 |
IPO Shares Listing Date | 16-Nov-22 |
UPI mandate expiry date | 17-Nov-22 |
Vigilance Awareness Week: 31-Oct to 06-Nov
Did you know: The Central Vigilance Commission (CVC) is the highest anti-corruption institution in India which focuses on how to prevent corruption and employ vigilance measures.
In order to cultivate an environment of integrity, the CVC encourages all citizens to participate in various anti-corruption measures through different awareness initiatives.
What is Vigilance Awareness Week? Vigilance Awareness Week is an annual event launched by the CVC to increase public awareness against corruption. This year Vigilance Awareness Week is celebrated from 31-Oct to 06-Nov with the theme being: Corruption free India for a developed Nation.
How can you participate? As a responsible and aware citizen you can participate in this cause by taking the Integrity Pledge. To take your Pledge visit https://pledge.cvc.nic.in/
For more details, refer Circular.
Sub-division of equity shares of TD 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 TD Power Systems 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 |
TD Power Systems Ltd. | TDPOWERSYS | 1:5 | 31-Oct | 31-Oct |
Refer: NSE circular
Sub-division of equity shares of Sanmit Infra 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 Sanmit Infra Ltd. (Scrip Code: 532435) 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 |
Sanmit Infra Ltd. | SANINFRA | 1:10 | 31-Oct | 31-Oct |
Refer: BSE circular
T+1 Settlement: October Update
As you all know, from Feb-22, NSE & BSE introduced the T+1 settlement cycle in the Cash Segment in a phased manner as per the SEBI guidelines.
W.e.f 28-Oct-22:
Important points for stocks under T+1 settlement in Cash segment:
Please note: You will not be able to sell captioned shares on 28-Oct-22 that has been purchased on 27-Oct-22. You will be able to sell shares as usual only after 28-Oct-22.
Refer: NSE Circular | BSE Circular | Overview of T+1 settlement
Important Dates: DCX Systems Ltd. IPO
DCX Systems is among the leading Indian players for the manufacture of electronic sub-systems and cable harnesses in terms of manufacturing capability and revenue in the defence and aerospace sector.
Read more about DCX Systems IPO
The below table has important dates with respect to the IPO allotment and listing.
Finalization of Basis of Allotment | 07-Nov-22 |
Initiation of Refunds | 09-Nov-22 |
Credit of Shares to Demat Acct | 10-Nov-22 |
IPO Shares Listing Date | 11-Nov-22 |
UPI mandate expiry date | 12-Nov-22 |
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.
Sub-division of equity shares of Kshitij Polyline 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 Kshitij Polyline 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 |
Kshitij Polyline Ltd. | KSHITIJPOL | 1:5 | 27-Oct | 27-Oct |
Refer: NSE circular
Buybacks, Takeovers and Delisting - October 2022
Here's the list of the latest Buybacks, Takeovers and Delisting. The Offer Period and Price are mentioned along with them. To participate in any of these:
Scrip Name | BSE/NSE Circular | Sub Type | Start Date | End Date | Floor Price |
KEERTI | NSE Circular | Takeover | 31-10-22 | 14-11-22 | Rs. 22 |
INEOSSTYRO | NSE Circular | Takeover | 28-10-22 | 11-11-22 | Rs. 848.72 |
SCFL | BSE Circular | Buyback | 25-10-22 | 09-11-22 | Rs. 28 |
VELOXIND | BSE Circular | Takeover | 19-10-22 | 04-11-22 | Rs. 10 |
SHREESHAY | BSE Circular | Takeover | 17-10-22 | 01-11-22 | Rs. 42 |
ASITCFIN | BSE Circular | Takeover | 13-10-22 | 28-10-22 | Rs. 151.44 |
ACROW | BSE Circular | Takeover | 06-10-22 | 19-10-22 | Rs. 659 |
QUICKHEAL | BSE Circular | Buyback | 04-10-22 | 18-10-22 | Rs. 300 |
IYKOTHITE | BSE Circular | Takeover | 07-10-22 | 20-10-22 | Rs. 7.50 |
SIS | NSE Circular | Buyback | 04-10-22 | 18-10-22 | Rs. 550 |