Now open SGB 2021-22 Series X
Security Symbol | Issue Period | Date of Allotment | Issue Price per gram |
---|---|---|---|
SGB212210 | 28-Feb-22 to 04-Mar-22 | 08-Mar-22 | - Offline Bid: Rs. 5,109 - Online Bid: Rs. 5,059 (if you apply online and pay via digital mode) |
The sovereign gold bond scheme is a Government of India undertaking that allows you to purchase gold on paper. This is an easy alternative for investors who want to invest in gold but don't want the hassle associated with purchasing gold in physical form.
Here are Top 5 Super Benefits that SGBs provide:
- No storage risk or cost
- No default risk
- No GST or STT
- Tradable on exchanges
- Can be used as Loan Collateral
Settlement Cycle to get shorter from 25-Feb
Get ready for T+1 Settlement!
How does this change impact your investments? Why should you care about Settlement cycles? Keep reading to know more…
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.
Currently, the settlement cycle is T+2 days. In keeping with recent SEBI guidelines, NSE & BSE have decided to introduce the T+1 settlement cycle in phases in the Cash segment.
- W.e.f 25-Feb-2022 83 securities from the bottom 100 stocks based on market capitalization have been shortlisted for T+1 Settlement.
- From Mar-2022 onwards, on the last Friday/Trade day of every month, the next bottom 500 stocks from the given list will be included in the T+1 settlement cycle.
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 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+1 settlement
MCX Trade Timings Revised from 14-Mar
It’s that time of the year again, when Daylight Savings timings are recalibrated. Due to the change in US Daylight Savings timings, MCX trade timings will also be revised. The revised trading hours will come into effect from 14-Mar-22.
Particulars | Trade Start Time | Trade End Time |
Internationally Referenceable Non-Agri Commodities | 9:00 AM | 11:30 PM |
Internationally Referenceable Agri Commodities (Cotton, Crude Palm Oil (CPO) & Kapas) | 9:00 AM | 9:00 PM |
All Other Commodities | 9:00 AM | 5:00 PM |
All intraday positions will continue to be squared-off 15 minutes prior to close of trading hours.
Revealed: New Identity of BURGERKING
Did you know?
Your ‘Home of the Whopper’ in India has changed its name.
Yes, Burger King India Ltd. is now Restaurant Brands Asia Ltd. The change of the name was approved by the company board in Dec-21. The move came in as a part of expanding the footprints of the food chain along with the approval for fundraising of Rs 1500 crore through the issuance of securities.
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 the recent circulars of NSE and BSE, the name and symbol of Burger King India Ltd. will be changed as follows w.e.f 17-Feb-22
![](https://announcements123.files.wordpress.com/2022/02/image-1.png?w=600)
Please take note of the change. Happy Trading!
Alert: Trading in COX&KINGS and NITINFIRE to halt from 11-Feb-22
Buybacks, Takeovers and Delisting - February 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
Scrip Name | Sub Type | Start Date | End Date | Floor Price |
KACHCHH | Takeover | 25-02-22 | 11-03-22 | Rs. 8 |
KRISHNA | Takeover | 25-02-22 | 11-03-22 | Rs. 11.5 |
JAMESWARREN | Buyback | 23-02-22 | 09-03-22 | Rs. 295 |
CLNINDIA | Takeover | 16-02-22 | 02-03-22 | Rs. 493.84 |
JINDCAP | Takeover | 15-02-22 | 28-02-22 | Rs. 9.72 |
PARSHINV | Takeover | 10-02-22 | 23-02-22 | Rs. 7 |
IFL | Takeover | 08-02-22 | 21-02-22 | Rs. 20 |
REMITR | Delisting | 07-02-22 | 11-02-22 | Rs. 14.92 |
AJANTPHARM | Buyback | 03-02-22 | 16-02-22 | Rs. 2550 |
SOLIDCO | Delisting | 02-02-22 | 08-02-22 | Rs. 18.15 |
IPO: Unblocking Funds- When? How? What?
Do you apply for IPOs? Do you get anxious about your blocked amount in case of Non-Allotment or Partial Allotment?
It’s time for you to relax and read this little brief on —
- When your funds will be unblocked
- How much amount will be released
- Whom to approach if there is any delay
Every IPO has a timeline for allotment and listing. One of the dates you will find on an IPO timeline is the UPI mandate expiry date. This date is important because any blocked amount will be released on or before this date.
(Look for IPO Alerts to see the timeline of your respective IPOs here: Announcement.)
When you apply for an IPO, there are 3 scenarios that are possible. Let’s take a look at what happens to your blocked funds in each of these cases:
![](https://announcements123.files.wordpress.com/2022/02/screenshot-2022-02-08-175335.png?w=650)
How to check your allotment status
The respective amount will be released to your bank account depending on the above cases on or before the UPI mandate expiry date.
Funds still blocked post UPI mandate expiry date?
In the unfortunate case that your funds remain blocked even post the UPI mandate expiry date, you should reach out to your bank from which you have applied for the IPO, for a resolution and follow their escalation matrix if needed.
As much as your broker might want to help you, remember that he is not the correct person or channel to resolve this issue and has no control over blocking or unblocking your funds during an IPO.
Introduced: MIDCPNIFTY Quantity Freeze Limit
As per a recent NSE Circular, the Quantity Freeze Limit for NIFTY Midcap Select Index (MIDCPNIFTY) has been introduced w.e.f 01-Feb-22.
Below are the Quantity Freeze Limit & Maximum Lots per Order applicable for the MIDCPNIFTY index:
![](https://announcements123.files.wordpress.com/2022/02/screenshot-2022-02-02-102156.png?w=925)
Introduced: MIDCPNIFTY Quantity Freeze Limit
As per a recent NSE Circular, the Quantity Freeze Limit for NIFTY Midcap Select Index (MIDCPNIFTY) has been introduced w.e.f 01-Feb-22.
Below are the Quantity Freeze Limit & Maximum Lots per Order applicable for the MIDCPNIFTY index:
![](https://announcements123.files.wordpress.com/2022/02/screenshot-2022-02-02-102156.png?w=925)
IPO Alert: Vedant Fashions Ltd. (Manyavar)
Vedant Fashions is the largest company in India in the men’s Indian wedding and celebration wear segment in terms of revenue. The brand ‘Manyavar’ is a category leader in the branded Indian wedding and celebration wear market with a pan-India presence. VFL offers a one-stop destination for every celebratory occasion and aims to deliver an aristocratic yet seamless purchase experience.
Bid/Offer Opens On | Friday, 04-Feb-22 |
Bid/Offer Closes On | Tuesday 08-Feb-22 |
Price Band | Rs. 824 - Rs. 866 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 | 11-Feb-22 |
Initiation of Refunds | 14-Feb-22 |
Credit of Shares to Demat Acct | 15-Feb-22 |
IPO Shares Listing Date | 16-Feb-22 |
UPI mandate expiry date | 17-Feb-22 |
In case you have not been allotted or 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.