Announcements

As per a recent NSE Circular, Quantity Freeze Limit for NIFTY and FINNIFTY have been revised w.e.f 02-Mar-22.

Below are the Quantity Freeze Limits & Maximum Lots per Order applicable for the mentioned indices:

Incorporated in 2007 as  “Five Star Mercantile Private Limited”, Integra Garments and Textiles Limited went public in 2012 to become Five Star Mercantile Limited. Subsequently, in 2012 its name was changed to Integra Garments and Textiles Limited. Now in 2022, the name of the company is changed to Integra Essentia 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 the recent circulars of NSE and BSE, the name and symbol of  Integra Garments and Textiles Limited will be changed as follows w.e.f 02-Mar-22.

Please take note of the change. Happy Trading!

Circulars: NSE|BSE

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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:

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+1 settlement

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.

All intraday positions will continue to be squared-off 15 minutes prior to close of trading hours.

For more details, refer to MCX Circular

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

Please take note of the change. Happy Trading!

Circulars: NSE|BSE

As per recent circulars of NSE and BSE, the trading in equity shares of below mentioned companies will be suspended with effect from 11-Feb-22 (i.e., closing hours of trading on 10-Feb-22).

Please take the appropriate action needed.

Circulars: NSE|BSE-1|BSE-2

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

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: 

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. 

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: