T+1 Settlement: August 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.…

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 26-Aug-22:

Important points for stocks under T+1 settlement in Cash segment:

  1. The stocks traded will be settled on T+1 day. 
  2. The MTF (Margin Trading Facility) Pledge Request must be authorized by 9:00 PM on T day for MTF funding.
  3. Auction settlement (if any) will happen on T+2 day.

Refer: NSE Circular | BSE Circular | Overview of T+1 settlement

Dreamfolks is a dominant player and India's largest airport service aggregator platform (with a share of over 80% in the domestic lounge access marke…

Dreamfolks is a dominant player and India's largest airport service aggregator platform (with a share of over 80% in the domestic lounge access market) facilitating an enhanced airport experience to passengers leveraging a technology driven platform.

Check out Dreamfolks IPO details

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

Finalization of Basis of Allotment01-Sep-22
Initiation of Refunds02-Sep-22
Credit of Shares to Demat Acct05-Sep-22
IPO Shares Listing Date06-Sep-22
UPI mandate expiry date07-Sep-22

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 i…

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 PDS Ltd. (Scrip Code: 538730) will be sub-divided into 5 equity shares. The key dates for the same are as follows:

Company NameSymbolSub-division RatioRecord DateEx-split Date
PDS Ltd.PDSL1:529-Aug26-Aug

Refer: BSE 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 i…

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 Rama Steel Tubes Ltd. (Scrip Code: 539309) will be sub-divided into 5 equity shares. The key dates for the same are as follows:

Company NameSymbolSub-division RatioRecord DateEx-split Date
Rama Steel Tubes Ltd.RAMASTEEL1:526-Aug25-Aug

Refer: BSE circular 

As per a recent circular, the name and symbol of MRC Exim Ltd. (Scrip code: 540809) will be changed as follows w.e.f 24-Aug-22. Existing Symbol&…

As per a recent circular, the name and symbol of MRC Exim Ltd. (Scrip code: 540809) will be changed as follows w.e.f 24-Aug-22.

Existing Symbol New Symbol Existing Name the of CompanyNew Name of the  Company
MRCEXIMMRCAGROMRC Exim Ltd.MRC Agrotech Ltd.

Refer: BSE Circular

As per the recent NSE circular, Hindustan Petroleum Ltd. is issuing Rs 14 dividend for every 1 existing share held. For all Future Contracts, the bas…

As per the recent NSE circular, Hindustan Petroleum Ltd. is issuing Rs 14 dividend for every 1 existing share held. For all Future Contracts, the base price will be reduced by Rs 14. For all Options Contracts, the strike price will be adjusted as per dividend value. The key dates for the Dividend Issue are as follows:

Company NameRecord dateEx-Dividend basis from Date 
Hindustan Petroleum Ltd.23-Aug-2222-Aug-22

Refer: NSE Circular 1 | NSE Circular 2

Now open SGB 2022-23 Series 2

Security SymbolIssue PeriodDate of AllotmentIssue Price per gramSGB22230222-Aug-22 to 26-Aug-2230-Aug-22- Offline Bid: Rs. 5,197- Online Bid: Rs. 5,1…
Security SymbolIssue PeriodDate of AllotmentIssue Price per gram
SGB22230222-Aug-22 to 26-Aug-2230-Aug-22- Offline Bid: Rs. 5,197
- Online Bid: Rs. 5,147 (if you apply online and pay via digital mode)

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As per a recent circular of NSE, the following security will be suspended from trading w.e.f. August 18, 2022. Name of the CompanySymbolReason f…

As per a recent circular of NSE, the following security will be suspended from trading w.e.f. August 18, 2022.

Name of the CompanySymbolReason for Suspension
SORIL Infra Resources Ltd.SORILINFRAScheme of Amalgamation

Refer: NSE Circular

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 t…

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 NameBSE/NSE CircularSub TypeStart DateEnd DateFloor Price
GOLDCORPBSE CircularDelisting19-08-2225-08-22Rs. 192.66
BSOFTNSE CircularBuyback11-08-2226-08-22Rs. 5
ASWTRBSE CircularTakeover10-08-2225-08-22Rs. 30
BHAGYAPROPBSE CircularDelisting03-08-2210-08-22Rs. 37.83
SARDAPPRBSE CircularTakeover02-07-2218-08-222Rs. 3
STEP2COR BSE CircularTakeover02-08-2218-08-22Rs. 13
ANSHNCOBSE CircularTakeover01-08-2217-08-22Rs. 86.51

Click to learn more about buybacks, takeover and delisting.

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 sh…

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 NSE circular, REC Ltd. is issuing 1  bonus share for every 3 existing shares held. The key dates for the Bonus Issue are as follows:

Company NameRecord dateEx-Bonus basis from Date 
REC Ltd.18-Aug-2217-Aug-22

In pursuant to the bonus issue of equity shares, the market lot size for F&O contracts of REC Ltd. will be revised w.e.f. 18-Aug-22 as follows:

Scrip NameCurrent Market Lot size for F&O contractsRevised Market lot size for F&O contracts
REC Ltd.60007980

Refer: NSE circular | BSE circular