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
IPO Alert: Venus Pipes & Tubes Ltd
Venus Pipes is a pipes and tubes manufacturer with the sole focus on manufacturing of welded and seamless pipes in a single metal category, i.e., stainless steel. Under their brand name “Venus”, they supply their Products for applications in diverse sectors including Chemicals, Engineering; Fertilizers; Pharmaceuticals, Power, Food Processing; Paper; and Oil and Gas.
Bid/Offer Opens On | Wednesday 11-May-22 |
Bid/Offer Closes On | Friday 13-May-22 |
Price Band | Rs. 310 - Rs. 326 per equity share |
Lot Size | 46 Shares |
The below table has important dates with respect to the IPO allotment and listing.
Finalization of Basis of Allotment | 19-May-22 |
Initiation of Refunds | 20-May-22 |
Credit of Shares to Demat Acct | 23-May-22 |
IPO Shares Listing Date | 24-May-22 |
UPI mandate expiry date | 25-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.
IPO Alert: Delhivery Ltd
Delhivery is the largest and fastest growing fully-integrated logistics services player in India by revenue as of Fiscal 2021. Delhivery provided supply chain solutions to a diverse base of 23,113 Active Customers such as e-commerce marketplaces, direct-to-consumer e-tailers and enterprises and SMEs across several verticals.
Bid/Offer Opens On | Wednesday 11-May-22 |
Bid/Offer Closes On | Friday 13-May-22 |
Price Band | Rs. 462 - Rs. 487 per equity share |
Lot Size | 30 Shares |
The below table has important dates with respect to the IPO allotment and listing.
Finalization of Basis of Allotment | 19-May-22 |
Initiation of Refunds | 20-May-22 |
Credit of Shares to Demat Acct | 23-May-22 |
IPO Shares Listing Date | 24-May-22 |
UPI mandate expiry date | 25-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.
IPO Alert: Prudent Corporate Advisory Services Ltd.
Prudent Corporate Advisory Services is an independent retail wealth management services group and is amongst the top mutual fund distributors in terms of average assets under management and commission received. They have become an important interface between asset management companies and mutual fund distributors or independent financial advisors.
Bid/Offer Opens On | Tuesday 10-May-22 |
Bid/Offer Closes On | Thursday 12-May-22 |
Price Band | Rs. 595 - Rs. 630 per equity share |
Lot Size | 23 Shares |
The below table has important dates with respect to the IPO allotment and listing.
Finalization of Basis of Allotment | 18-May-22 |
Initiation of Refunds | 19-May-22 |
Credit of Shares to Demat Acct | 20-May-22 |
IPO Shares Listing Date | 23-May-22 |
UPI mandate expiry date | 24-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.
Suspension of trading in securities of 6 Companies
Trading in securities of the undermentioned companies will be suspended w.e.f May 23, 2022 on account of non-compliance with SEBI Regulations.
Name of Company | Scrip Code |
Sahara One Media & Entertainment Ltd. | 503691 |
Bombay Rayon Fashions Ltd. | 532678 |
Acewin Agriteck Ltd. | 539570 |
Indo-Global Enterprises Ltd. | 539433 |
Jindal Cotex Ltd. | 533103 |
Kushal Ltd. | 536170 |
15 days after suspension, trading in the shares of these companies would be allowed on Trade for Trade basis, in Z group only, on the first trading day of every week for six months.
Read more: BSE Circular 1 | BSE Circular 2
[02-May-22] NIFTY Quantity Freeze Limit Revised
As per a recent NSE Circular, Quantity Freeze Limit for NIFTY has been revised w.e.f 02-May-22.
Below are the Quantity Freeze Limits & Maximum Lots per Order applicable for the mentioned indices:
![](https://announcements123.files.wordpress.com/2022/05/image.png?w=614)
IPO Alert: Life Insurance Corporation of India
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.
Bid/Offer Opens On | Wednesday 04-May-22 |
Bid/Offer Closes On | Monday 09-Apr-22 |
Price Band | Rs. 902 - Rs. 949 per equity share |
Lot Size | 15 Shares |
The below table has important dates with respect to the IPO allotment and listing.
Finalization of Basis of Allotment | 12-May-22 |
Initiation of Refunds | 13-May-22 |
Credit of Shares to Demat Acct | 16-May-22 |
IPO Shares Listing Date | 17-May-22 |
UPI mandate expiry date | 18-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.
T+1 Settlement: Addition of new securities
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,
- 456 securities of BSE will come under T+1 settlement
- 36 securities of NSE will come under 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
Explained: Why you may be getting Partial Fund Payouts
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:
![](https://announcements123.files.wordpress.com/2022/04/ppayout1.png?w=674)
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:
![](https://announcements123.files.wordpress.com/2022/04/ppayout2.png?w=664)
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:
![](https://announcements123.files.wordpress.com/2022/04/ppayout3.png?w=671)
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:
![](https://announcements123.files.wordpress.com/2022/04/ppayout4.png?w=668)
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
![](https://announcements123.files.wordpress.com/2022/04/1904_pc-1.png?w=600)
IPO Alert: Rainbow Children's Medicare Ltd.
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.
Bid/Offer Opens On | Wednesday 27-Apr-22 |
Bid/Offer Closes On | Friday 29-Apr-22 |
Price Band | Rs. 516- Rs. 542 per equity share |
Lot Size | 27 Shares |
The below table has important dates with respect to the IPO allotment and listing.
Finalization of Basis of Allotment | 05-May-22 |
Initiation of Refunds | 06-May-22 |
Credit of Shares to Demat Acct | 09-May-22 |
IPO Shares Listing Date | 10-May-22 |
UPI mandate expiry date | 11-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.