Announcements

As per a recent circular, the name and symbol of IO System Ltd. (Scrip code: 523752) will be changed as follows w.e.f 14-Sep-22.

Refer: BSE Circular

With reference to the SEBI circular (SEBI/HO/CFD/DIL2/P/CIR/2022/75) dated 30-May-22, ASBA applications for public issues such as IPO will be processed only after application money is blocked in the bank account. In regards to the same, NSE in their circular (NSE/IPO/53197) dated 03-Aug-22 has made modifications in the process of UPI-based bids. 

Please note the below modifications with respect to the UPI transactions.

In light of the above, we urge you to kindly place your bids in such a manner that you have sufficient time to authorize your IPO UPI mandate request. 

Kindly note that said changes are applicable for all the Equity Issues opening on or after 01-Sep-22.

To know more about these modifications, read SEBI Circular | NSE Circular

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.

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 the recent NSE and BSE circulars, Bajaj Finserv Ltd. is issuing 1  bonus share for every 1 existing share held. Also, 1 equity share will be sub-divided into 5 shares. The key dates for the Bonus Issue are as follows:

In pursuant to the bonus issue of equity shares, the market lot size for F&O contracts of Bajaj Finserv Ltd. will be revised w.e.f. 14-Sep-22 as follows:

Refer: BSE circular | NSE circular

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 circular, Sonata Software Ltd. (Scrip Code: 532221) is issuing 1 bonus share for every 3 existing shares. The key dates for the Bonus Issue are as follows:

Refer: BSE circular

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 circular, Jyoti Resins & Adhesives Ltd. (Scrip Code: 514448) is issuing 2 bonus shares for every 1 existing share. The key dates for the Bonus Issue are as follows:

Refer: BSE circular

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, GAIL (India) Ltd. is issuing 1  bonus share for every 2 existing shares held. The key dates for the Bonus Issue are as follows:

In pursuant to the bonus issue of equity shares, the market lot size for F&O contracts of GAIL (India) Ltd. will be revised w.e.f. 07-Sep-22 as follows:

Refer: NSE circular

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 BSE circular, 1 equity share of Savita Oil Technologies Ltd. (Scrip Code: 524667) will be sub-divided into 5 equity shares. The key dates for the same are as follows:

Refer: BSE circular 

Tamil Mercantile Bank, headquartered at Thoothukudi (Tamil Nadu, India), is one of the oldest and leading old private sector banks in India, with a history of close to 100 years. The bank reported deposits of Rs. 44,930 crore and advances of Rs. 33,490 crore as of March 2022.

Check out Tamilnad Mercantile IPO details

The below table has important dates with respect to the IPO allotment and listing.

How to Check Allotment Status

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.

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 NSE circular, 1 share of the ETFs of ICICI Prudential Mutual Fund will be sub-divided into 10 shares. The key dates for the same are as follows:

Refer: NSE circular 

As per a recent NSE Circular, Quantity Freeze Limit for NIFTY has been revised w.e.f 01-Sep-22.

Below are the Quantity Freeze Limits & Maximum Lots per Order applicable for the mentioned indices:

*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=75

Refer: NSE Circular