Important dates: Syrma SGS Technology Ltd. IPO
Syrma SGS Technology Limited is a technology-focused engineering and design company engaged in turnkey electronics manufacturing services (“EMS”), specialising in precision manufacturing for diverse end-use industries, including industrial appliances, automotive, healthcare, consumer products and IT industries.
Check Syrma IPO details
The below table has important dates with respect to the IPO allotment and listing.
Finalization of Basis of Allotment | 23-Aug-22 |
Initiation of Refunds | 24-Aug-22 |
Credit of Shares to Demat Acct | 25-Aug-22 |
IPO Shares Listing Date | 26-Aug-22 |
UPI mandate expiry date | 29-Aug-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 Variman Global Enterprises 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 Variman Global Enterprises Ltd. (Scrip Code: 540570) 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 |
Variman Global Enterprises Ltd. | VARIMAN | 1:10 | 12-Aug | 11-Aug |
Refer: BSE circular
Sub-division of equity shares of High Energy Batteries (India) 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 High Energy Batteries (India) Ltd. (Scrip Code: 504176) 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 |
High Energy Batteries (India) Ltd. | HIGHENE | 1:5 | 10-Aug | 08-Aug |
Refer: BSE circular
Preponement of expiry of Castor Seed Contracts (August 2022)
Due to the closure of the physical market at the basis center, Deesa on 18-Aug-2022, please find the revised timelines and margin for the Castor Seed Contracts for August 2022.
- The contract will now expire on 17-Aug-22 as against 18-Aug-22
- The last trading day will be 17-Aug-22 and delivery intentions will be accepted till 9 pm on the same day
- The staggered delivery period shall commence from 10-Aug-22
- The pre-expiry margin of 1.50% per trading day incrementally shall be levied from the beginning of 05-Aug-22
For more details, refer to NCDEX Circular 1 | NCDEX Circular 2
W.e.f 05-Aug: New Identity for Minda Industries Ltd.
As per a recent circular, the name and symbol of Minda Industries Ltd. (Scrip code: 532539) will be changed as follows w.e.f 05-Aug-22.
Existing Symbol | New Symbol | Existing Name the of Company | New Name of the Company |
MINDAIND | UNOMINDA | Minda Industries Ltd. | UNO Minda Ltd. |
Refer: BSE Circular
W.e.f 04-Aug: New Identity for Bhartia Bachat Ltd.
As per a recent circular, the name and symbol of Bhartia Bachat Ltd. (Scrip code: 543208) will be changed as follows w.e.f 04-Aug-22.
Existing Symbol | New Symbol | Existing Name the of Company | New Name of the Company |
BHARTIA | REGIS | Bhartia Bachat Ltd. | Regis Industries Ltd. |
Refer: BSE Circular
[01-Aug-22] NIFTY & FINNIFTY Quantity Freeze Limit Revised
As per a recent NSE Circular, the Quantity Freeze Limit for NIFTY and FINNIFTY have been revised w.e.f 01-Aug-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 | 1200 | 48 |
2. | NIFTY | 2800 | 56 |
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=75
Refer: NSE Circular
W.e.f 02-Aug: New Identity for Paramone Concepts Ltd.
As per a recent circular, the name and symbol of Paramone Concepts Ltd. (Scrip code: 531364) will be changed as follows w.e.f 02-Aug-22.
Existing Symbol | New Symbol | Existing Name the of Company | New Name of the Company |
PARAMONE | EKANSH | Paramone Concepts Ltd. | Ekansh Concepts Ltd. |
Refer: BSE Circular
W.e.f 02-Aug: New Identity for APM Finvest Ltd.
As per a recent circular, the name and symbol of APM Finvest Ltd. (Scrip code: 542774) will be changed as follows w.e.f 02-Aug-22.
Existing Symbol | New Symbol | Existing Name the of Company | New Name of the Company |
APMFINVEST | MUFIN | APM Finvest Ltd. | Mufin Green Finance Ltd. |
Refer: BSE Circular
T+1 Settlement: July 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 29-Jul-22:
- 113 more securities (total of 274) of NSE will be added into T+1 settlement
- 451 more securities (total of 2255) of BSE will be added into T+1 settlement
Important points for stocks under T+1 settlement in Cash segment:
- The stocks traded will be settled on T+1 day.
- The MTF (Margin Trading Facility) Pledge Request must be authorized by 9:00 PM on T day for MTF funding.
- Auction settlement (if any) will happen on T+2 day.
Refer: NSE Circular | BSE Circular | Overview of T+1 settlement