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:
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:
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:
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.
2 New Inclusions to NSE’s F&O Segment
Get ready for exciting trading opportunities in the coming days! NSE has announced the inclusion of 2 stocks in its F&O segment – available for trading from 28-Jan-22.
The addition of 2 new stocks to the F&O segment will provide traders with increased hedging opportunities.
And the New entrants are
Sr.No | Security Name | Symbol |
1. | ABB INDIA LIMITED | ABB |
2. | INTELLECT DESIGN ARENA LIMITED | INTELLECT |
Other details such as - market lot, scheme of strikes, and quantity freeze limit of the above-mentioned securities shall be announced on 27-Jan-22.
Refer: Circular
New to F&O investing? You must read this:
IPO Alert: Adani Wilmar Ltd.
As a joint venture between the Adani Group and the Wilmar Group., Adani Wilmar Ltd. benefits from their strong parentage. AWL is one of the few large FMCG food companies in India to offer most of the essential kitchen commodities for Indian consumers, including edible oil, wheat flour, rice, pulses and sugar.
Bid/Offer Opens On | Thursday, 27-Jan-22 |
Bid/Offer Closes On | Monday, 31-Jan-22 |
Price Band | Rs. 218 - Rs. 230 per equity share |
Lot Size | 65 Shares |
The below table has important dates with respect to the IPO allotment and listing.
Finalization of Basis of Allotment | 03-Feb-22 |
Initiation of Refunds | 04-Feb-22 |
Credit of Shares to Demat Acct | 07-Feb-22 |
IPO Shares Listing Date | 08-Feb-22 |
UPI mandate expiry date | 09-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.
Are you Ready to F&O on MIDCPNIFTY?
The Nifty Midcap Select Index (MIDCPNIFTY) is a representation of the 25 liquid midcap stocks selected from the Nifty Midcap 150 index based on availability for trading in the F&O segment, market cap and average daily turnover.
If you’re wondering about the performance of this category, remember that the midcap index has delivered a CAGR of around 19% over the last 5 years.
Take a look at the top constituents and sectors of this Index below:
Hence, it’s only logical that NSE is looking to encourage participation in this booming category. How? By launching F&O Contracts on MIDCPNIFTY – Open for Trading from January 24, 2022.
We believe that this is an ideal opportunity if you are looking to:
- Hedge your exposure to midcap stocks
- Devise arbitrage strategies using MIDCPNIFTY futures and the underlying securities
- Take a view on the midcap category as a whole by buying or selling the MIDCPNIFTY contracts instead of any single midcap company stock.
Add MIDCPNIFTY to your Watchlist Now!
IPO Alert: AGS Transact Technologies Ltd.
AGS Transact is one of the largest integrated omni-channel payment solutions providers in India in terms of providing digital and cash-based solutions to banks and corporate clients. They provide customized products and services comprising ATM and CRM outsourcing, cash management and digital payment solutions.
Bid/Offer Opens On | Wednesday 19-Jan-22 |
Bid/Offer Closes On | Friday, 21-Jan-22 |
Price Band | Rs. 166 - Rs. 175 per equity share |
Lot Size | 85 Shares |
The below table has important dates with respect to the IPO allotment and listing.
Finalization of Basis of Allotment | 27-Jan-22 |
Initiation of Refunds | 28-Jan-22 |
Credit of Shares to Demat Acct | 31-Jan-22 |
IPO Shares Listing Date | 01-Feb-22 |
UPI mandate expiry date | 02-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.
Motherson Sumi Systems Ltd Corporate Action
As per NSE’s circular, Motherson Sumi Systems Ltd has announced the allotment of 1 equity share of Motherson Sumi Wiring India Ltd (listing pending) for every 1 equity share of Motherson Sumi Systems Ltd.
Also, all existing F&O contracts of Motherson Sumi Systems Ltd with expiry dates of 27-Jan, 24-Feb, 31-Mar will now be expiring on 13-Jan-22.
The MOTHERSUMI F&O Contracts for the above expiry dates will be re-introduced for trading on 14-Jan-22. The list of option strikes from which specific strike prices would be made available for these contracts will be communicated via a separate circular to be issued on 13-Jan-22 post market hours.