Announcements

LIC has been providing life insurance in India for more than 65 years and is the largest life insurer in India, with a 61.6% market share in terms of premiums, a 61.4% market share in terms of New Business Premium, a 71.8% market share in terms of number of individual policies issued, and a 88.8% market share in terms of number of group policies in 2021.

How to apply via Web Platform

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.

Settlement cycle refers to the timeline by which stock exchanges have to settle security transactions. Shorter settlement cycles are Good News for investors since it narrows the time window for any negative event (e.g: counterparty insolvency, bankruptcy, etc) to impact a trade settlement. 

As you all know, NSE & BSE has introduced the T+1 settlement cycle in the Cash Segment in a phased manner as per the SEBI guidelines.

• W.e.f 25-Feb-2022, 83 securities from the bottom 100 stocks based on market capitalization were brought under T+1 Settlement. 
• W.e.f 25-Mar-22, a further  list of securities was added to T+1 settlement 
• As per recent circulars of NSE and BSE, w.e.f 29-Apr-2022,

1. 456 securities of BSE will come under T+1 settlement
2. 36 securities of NSE will come under T+1 settlement

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

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

To know more about the T+1 settlement cycle, refer

Joint Press Release| BSE Circular | Overview of T+1settlement

Don’t get disappointed with partial Fund payouts - understand why this happened and how you can avoid such situations. Let’s take a look at some common situations and how this could be the reason you may be getting partial fund payouts for your withdrawal requests…

Partial Fund Payout Scenarios

A) When you have Non-Cash Collateral Pledged

Let’s assume that:

• Ledger Balance = Rs 1,00,000
• Margin received against Non-cash Collateral Pledged = Rs 50,000
• Peak Margin Requirement = Rs 1,00,000

In this scenario:

Hence, if you have requested a payout for more than Rs 50,000 you will receive a Partial Payout after taking into consideration your Peak Margin requirement. 

B) When you have NO Non-Cash Collateral Pledged

Let’s assume that:

• Your Ledger Balance = Rs 5,00,000
• Margin received against Non-cash Collateral Pledged = Rs 0
• Peak Margin Requirement = Rs 3,50,000

In this scenario:

Hence, if you have requested a payout for more than Rs 1,50,000 you will receive a Partial Payout after taking into consideration your Peak Margin requirement. 

Payout Rejected Scenario

Let’s assume that:

• Your Ledger Balance = Rs 2,00,000
• Margin received against Non-cash Collateral Pledged = Rs 0
• Peak Margin Requirement = Rs 2,50,000
• You raise a withdrawal request for = Rs 2,00,000

In such a case:

Full Payout Scenario

Let’s assume that:

• Your Ledger Balance = Rs 1,00,000
• Margin received against Non-cash Collateral Pledged = Rs 2,00,000
• Peak Margin Requirement = Rs 1,00,000
• You raise a withdrawal request for = Rs 1,00,000

In such a case:

Hence, your withdrawal request for Rs 1,00,000 will be successful due to adequate ledger balance in meeting Peak Margin required. 

WHEN WILL THE PAYOUT BE CREDITED TO YOUR ACCOUNT

Payout requests are processed and funds credited as per the below table

Rainbow Children's Medicare Ltd. is a leading multi-specialty pediatric and obstetrics and gynecology hospital chain in India, operating 14 hospitals and 3 clinics in 6 cities, with a total bed capacity of 1,500 beds. They had 641 full-time doctors and 1,947 part time/visiting doctors as on December 2021.

How to apply via Web Platform

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.

w.e.f 02-May-22, please note the following points with regards to trading in NSE-F&O:

• For Index Options & Stock Options contract:
  • If the contract is not traded during the day (LTP is not available), order can be executed only through Limit order type
  • The exchange will only accept Market Order if the order price is in the range of 20% of LTP or (Rs 10 + LTP), whichever is higher

• For all F&O contracts: Multileg Orders with Market Order type shall be discontinued by the exchange, however, you can continue to place Limit Order type

Refer NSE Circular

KPI Global Infrastructure Ltd. has over 10 years experience in the Solar industry and has over 25 years of trust among customers as KP Group. The Solar asset base is over 100 MWs with more than 60 MWs of operational capacity and over 40 MWs of capacity under construction. With over 450+ acres of solar park, KPI Global is ranked one of the biggest among its competitors. Recently, KPI Global Infrastructure Ltd. has changed its name to KPI Green Energy Ltd.

The change of name is reflected in the stock market as well with the change in name and symbol for trading on the exchanges. As per a recent circular of NSE, the name and symbol of KPI Global Infrastructure will be changed as follows w.e.f 27-Apr-22.

Please take note of the change. Happy Trading!

Circulars: NSE

Campus is the largest sports and athleisure footwear brand in India in terms of value and volume in Fiscal 2021 and had an approximately 15% market share in 2020. The company is one of the most relevant brands, covering more than 85% of the total addressable market for sports and athleisure footwear in India.

How to apply via Web Platform

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.

To further encourage retail participation in IPO opportunities, SEBI has recently revised the transaction limit for IPO applications done via UPI.

Currently, you can invest upto Rs.2L in an IPO under the Retail category using UPI. However, starting from 01-May-22, for all forthcoming IPOs, individual investors can use UPI to invest upto Rs.5L in the offer.

This revision is valid for all individual investors applying in public issues of equity shares and convertibles (bonds & debentures).

Also, there is no change in the investment category for public offers. This means that all investments upto Rs.2L is considered as Retail Category, while investments above Rs.2L is considered Non-Retail Category.

Refer Circular

Did you know that companies make their shares affordable to small investors going for a stock split?

Yes, stock split is one of the known measures undertaken by companies to boost the number of shares by reducing the share price. ( Learn more about stock split here)

As per recent exchange circulars, Jubilant Foodworks Ltd.(JUBLFOOD) has decided to split its shares in the ratio of 5:1 and has fixed 20-Apr-2022 as the record date for the same.

Due to the split, the prices (strike price and future price) and market lot size of JUBLFOOD will be revised for future and options contracts as follows:

Adjustments for Future and Options Contracts: 

1. Futures/Strike Price: The adjusted strike price shall be arrived at by dividing the old strike price by the adjustment factor. 

2. Market Lot: The adjusted market lot shall be arrived at by multiplying the old market lot(125) by the adjustment factor (5). The revised market lot would be 625 (125 * 5).

Note: Adjustment factor for Stock split of A: B is defined as (A/B). In the above case, the adjustment factor is (5/1) = 5, since the split ratio is 5:1.

The above changes will come into effect from 19-Apr-22.

Circulars: NSE1 | NSE2 | BSE1 |BSE2

Incorporated in 2010, Sylph Education is a leader in professional skill development, corporate training and assessments integrated talent management, Business Excellence, and HR solutions. Recently, Sylph Education Solutions Ltd. changed its name to Lucent Industries Limited.

The change of name is reflected in the stock market as well with the change in name and symbol for trading on the exchanges. As per a recent circular of BSE, the name and symbol of Sylph Education Solutions Ltd.(Scrip Code: 539682) will be changed as follows w.e.f 18-Apr-22.

Please take note of the change. Happy Trading!

Circulars: BSE