T+1 Settlement: May 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 27-May 22,
- 42 more securities (total of 87) of NSE will be added to the T+1 settlement
- 459 more securities (total of 1352) of BSE will be added to the T+1 settlement
Important points for stocks under T+1 settlement in the Cash segment:
- The stocks traded will be settled on T+1 day.
- The MTF (Margin Trading Facility) Pledge Request needs to be authorized by 9:00 PM on T day for MTF funding.
- 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
Buybacks, Takeovers and Delisting - May 2022
Here's the list of the latest Buybacks, Takeovers and De-listing. The Offer Period and Price are mentioned along with them. To participate in any of these:
- Write to us at support@angelbroking.com or
- Call us on 18001020
Important dates: Aether Industries Ltd. IPO
Aether is a speciality chemical manufacturer in India focused on producing advanced intermediates and speciality chemicals involving complex and differentiated chemistry and technology core competencies. Aether is one of the fastest growing specialty chemical companies in India, growing at a CAGR of nearly 49.5% between Fiscal 2019 and Fiscal 2021.
The below table has important dates with respect to the Aether Industries IPO allotment and listing.
Finalization of Basis of Allotment | 31-May-22 |
Initiation of Refunds | 01-Jun-22 |
Credit of Shares to Demat Acct | 02-Jun-22 |
IPO Shares Listing Date | 03-Jun-22 |
UPI mandate expiry date | 06-Jun-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.
Offer For Sale (OFS) - May 2022
Offer for Sale of below companies are open in BSE/NSE. To Place your OFS Request:
- Contact your sub-broker.
- In case you don't have a sub-broker, call us on 18001020.
Important dates: Ethos Ltd. IPO
Ethos is India’s largest luxury and premium watch retail player having 13% share of the total retail sales in premium and luxury segment and a share of 20% when seen in exclusively luxury segment. Its 50 stores are spread across 17 cities.
Check : Ethos IPO Details
Bid/Offer Opens On | Wednesday 18-May-22 |
Bid/Offer Closes On | Friday 20-May-22 |
Price Band | Rs. 836 - Rs. 878 per equity share |
Lot Size | 17 Shares |
The below table has important dates with respect to the IPO allotment and listing.
Finalization of Basis of Allotment | 25-May-22 |
Initiation of Refunds | 26-May-22 |
Credit of Shares to Demat Acct | 27-May-22 |
IPO Shares Listing Date | 30-May-22 |
UPI mandate expiry date | 31-May-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: eMudhra Ltd. IPO
eMudhra is the largest licensed Certifying Authority in India with a market share of 37.9% in the digital signature certificates market space. eMudhra has presence across all the 3 segments: Digital Trust Services, Digital Security Solutions and Paperless Transformation Solutions.
The below table has important dates with respect to the IPO allotment and listing.
Finalization of Basis of Allotment | 27-May-22 |
Initiation of Refunds | 30-May-22 |
Credit of Shares to Demat Acct | 31-May-22 |
IPO Shares Listing Date | 01-Jun-22 |
UPI mandate expiry date | 02-Jun-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: Paradeep Phosphates Ltd. IPO
Paradeep Phosphates Ltd. is the 2nd largest private sector manufacturer of non-urea fertilizers in India and 2nd largest in terms of Di-Ammonium Phosphate (“DAP”) volume sales. PPL is primarily engaged in manufacturing, trading, distribution and sales of a variety of complex fertilizers.
Check Details of Paradeep Phosphates IPO
Bid/Offer Opens On | Tuesday 17-May-22 |
Bid/Offer Closes On | Thursday 19-May-22 |
Price Band | Rs. 39 - Rs. 42 per equity share |
Lot Size | 350 Shares |
The below table has important dates with respect to the IPO allotment and listing.
Finalization of Basis of Allotment | 24-May-22 |
Initiation of Refunds | 25-May-22 |
Credit of Shares to Demat Acct | 26-May-22 |
IPO Shares Listing Date | 27-May-22 |
UPI mandate expiry date | 30-May-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.
Revealed: New Identity of INDOVATION
Incorporated in 1984 as Priyadarshini Threads Ltd., the company is engaged in the manufacturing of different types of threads including cotton sewing thread, embroidery thread, industrial thread, synthetic thread, cobler thread, bag closing thread, kite flying thread and other kinds of threads like double yarn, twist yarn, hosiery yarn, yarn made of cotton, manmade or other fibers, spinning and weaving mills and of spinners weavers, bleachers, dyers, printers and finishers of cotton, silk, wool, rayon, natural and synthetic fibers and fibrous substances of all kinds. The company became Indovation Technologies in 2012. Recently, Indovation Technologies Limited changed its name to Titan Intech 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 NSE, the name and symbol of Indovation Technologies Limited (Scrip Code: 521005) will be changed as follows w.e.f 17-May-22.
![](https://announcements123.files.wordpress.com/2022/05/image-2.png?w=614)
Please take note of the change. Happy Trading!
Circular: BSE
Settlement Holiday: 16-May
16-May-22 is a Settlement Holiday due to Buddha Pournima. Currency Segment will be closed on this day for trading. However, other segments are open for Trading.
What this means for you:
- You can place your Trades as usual, however the settlement of funds/securities will be processed as detailed in the table below:
Segment | Trade placed on | Date of Settlement |
Equity ( T+1 Settlement ) | 13-May | 17-May |
Equity ( T+2 Settlement ) | 13-May | 18-May |
Derivatives (F&O) | 13-May | 17-May |
- Your credit balance for 16-May will not include the following:
Segment | Account Balance Exclusions |
Equity (T+1 & T+2 Settlement) | Intraday Profits made on 13-May |
Derivatives (Equity F&O, Currency & Commodity) | Credits Made From Trades Done On 13-May |
Just so you know: Settlement holidays refer to days when markets (except Currency segment) are open for trading but when Depositories and/or Banks are closed. Due to this, all trades done during that day will be settled on next settlement cycle, as per the respective segments.
Revealed: New Identity of HSIL
HSIL was founded in 1960 as Hindusthan Twyfords Limited, in technical collaboration with Twyfords, United Kingdom to establish the first vitreous china sanitaryware manufacturing company in India. Today, the company houses two business divisions i.e. Packaging Products and Building Products. HSIL manufactures and markets various packaging products, including glass containers, Polyethylene Terephthalate (PET) bottles and products and security caps and closures. These products cater to various industries like alcoholic and non-alcoholic beverages, fast-moving consumer goods, retail, pharmaceuticals and edible oil amongst others. The company’s building products division primarily comprises the manufacturing of sanitaryware, faucets and plastic pipes and fittings. Recently, HSIL Limited changed its name to AGI Greenpac 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 NSE, the name and symbol of HSIL Limited will be changed as follows w.e.f 11-May-22.
![](https://announcements123.files.wordpress.com/2022/05/image-1.png?w=616)
Please take note of the change. Happy Trading!
Circular: NSE