SL-M Orders for Options to be Discontinued by NSE
As per recent NSE Circular (NSE/FAOP/49677), Stop loss – Market (SL-M) Orders for Index & Stock Options will be discontinued from 27-Sep-21 onwards. Any such orders placed will be Rejected going forward.
This decision of the exchange comes post a series of Freak Trade incidents that have caused investors massive losses. A Freak Trade is an erroneous trade where the price hits an abnormal level for a fraction of a second and then returns to the previous level. The error may happen due to manipulations, human errors, or technical glitches.
Now, you can consider using Stop loss – Limit Orders instead.
The key feature of a Stop loss – Limit order is that it imposes a limit on the price of execution. In case of a Freak Trade incident, this type of order will ensure that your order is not executed at a random price.
For buy limit orders, the order will be executed only at the limit price or a lower one, while for sell limit orders, the order will be executed only at the limit price or a higher one. This allows you to get a better control on your trading prices.
For more on Stop loss Orders, read this.
IPO Alert: Paras Defence & Space Technologies Limited
Incorporated in 2009, the company is one of the leading ‘Indigenously Designed Developed and Manufactured’ (“IDDM”) category Indian private sector companies, engaged in designing, developing, manufacturing and testing of a wide range of defence and space engineering products and solutions.
Bid/Offer Opens On | Tuesday, 21-Sep-21 |
Bid/Offer Closes On | Thursday, 23-Sep-21 |
Price Band | Rs. 165 - Rs. 175 per equity share |
Lot Size | 85 Shares |
How to apply via ABMA App | How to apply via Web Platform
The below table has important dates with respect to the IPO allotment and listing.
Finalization of Basis of Allotment | 28-Sep-21 |
Initiation of Refunds | 29-Sep-21 |
Credit of Shares to Demat Acct | 30-Sep-21 |
IPO Shares Listing Date | 1-Oct-21 |
UPI mandate expiry date | 4-Oct-21 |
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.
Offer For Sale (OFS) - September 2021
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.
Scrip Name | Category | Time Window | Floor Price |
HINDCOPPER | Non-Retail | 16-Sep, 9:15am - 3:30pm | Rs. 116 |
HINDCOPPER | Retail | 17-Sep, 9:15am - 3:30pm | Rs. 116 |
8 New Additions to NSE F&O Segment
More trading opportunities ahead! NSE has announced the addition of 8 new stocks to its F&O segment – available for trading from 01-Oct-21.
The addition of 8 new stocks to the F&O segment will provide traders with increased hedging opportunities.
And the New entrants are:
Other details such as - market lot, scheme of strikes and quantity freeze limit of the above-mentioned securities will be announced by NSE on 30-Sep-2021.
Refer: NSE Circular
IPO Alert: Sansera Engineering Limited
The company was incorporated in 1981 and is an integrated manufacturer of complex and critical precision engineered components across automotive and non-automotive sectors. As of July 31, 2021, they had 16 manufacturing facilities, of which 15 are in India and 1 facility is in Sweden.
Bid/Offer Opens On | Tuesday, 14-Sep-21 |
Bid/Offer Closes On | Thursday, 16-Sep-21 |
Price Band | Rs. 734 - Rs. 744 per equity share |
Lot Size | 20 Shares |
How to apply via ABMA App | How to apply via Web Platform
The below table has important dates with respect to the IPO allotment and listing.
Finalization of Basis of Allotment | 21-Sep-21 |
Initiation of Refunds | 22-Sep-21 |
Credit of Shares to Demat Acct | 23-Sep-21 |
IPO Shares Listing Date | 24-Sep-21 |
UPI mandate expiry date | 27-Sep-21 |
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.
Revised: FINNIFTY Quantity Freeze Limit
According to a previous circular, lot sizes for BANKNIFTY, NIFTY & FINNIFTY were revised starting from 02-Aug-21.
Now, as per recent NSE Circular, Quantity Freeze Limit for FINNIFTY has been further revised w.e.f 01-Sept-21.
Below are the Quantity Freeze Limits & Maximum Lots per Order applicable for the mentioned indices:
Buybacks, Takeovers and Delisting - September 2021
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 |
MHLXMIRU | Buyback | 29-Sep-21 | 12-Oct-21 | Rs. 70 |
JUSTDIAL | Takeover | 23-Sep-21 | 06-Oct-21 | Rs. 1022.25 |
STARCEMENT | Buyback | 22-Sep-21 | 05-Oct-21 | Rs. 150 |
GANDHITUBE | Buyback | 21-Sep-21 | 04-Oct-21 | Rs. 550 |
ORACLECR | Takeover | 21-Sep-21 | 04-Oct-21 | Rs. 10.75 |
HIPOLIN | Takeover | 20-Sep-21 | 01-Oct-21 | Rs. 34.06 |
RSYSTEMINT | Buyback | 20-Sep-21 | 01-Oct-21 | Rs. 225 |
SHRIPISTON | Buyback | 17-Sep-21 | 30-Sep-21 | Rs. 1020 |
SANJIVIN | Takeover | 17-Sep-21 | 30-Sep-21 | Rs. 10 |
ELITECON | Takeover | 7-Sep-21 | 21-Sep-21 | Rs. 30 |
RFSL | Takeover | 2-Sep-21 | 16-Sep-21 | Rs. 23.10 |
Now open SGB 2021-22 Series VI
Security Symbol | Issue Period | Date of Allotment | Issue Price per gram |
---|---|---|---|
SGB212206 | 30-Aug-21 to 03-Sep-21 | 08-Sep-21 | - Offline Bid: Rs. 4,732 - Online Bid: Rs. 4, 682 (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:
1.No storage risk or cost
2.No default risk
3.No GST or STT
4.Tradable on exchanges
5.Can be used as Loan Collateral
New IPOs to Look Forward to
Two new IPOs are waiting to make their debut next week. Watch out for Vijaya Diagnostics and Ami Organics that will open on September 1, 2021. Ratings for both IPOs will be revealed in the IPO week. Stay tuned for more info.
Vijaya Diagnostic Centre Ltd. - Incorporated in 1981, Vijaya Diagnostic Centre is one of the fastest-growing diagnostic chains in the South of India, offering a one-stop solution for pathology and radiology testing services. The company operates 80 diagnostic centers, spread across 13 cities and has services more than 2 million customers. Read more
Ami Organics Ltd. - Incorporated in 2004, the company is one of the leading research and development-driven manufacturers of specialty chemicals. It supplies its products to more than 25 countries, including USA, Japan and Israel. It is well-known for its medications including anti-psychotics, anti-cancers, anti-Parkinsons, and anti-depressants. Read more
IPO Alert: Ami Organics Limited
Incorporated in 2004, the company is one of the leading research and development-driven manufacturers of specialty chemicals. It supplies its products to more than 25 countries, including USA, Japan and Israel. It is well-known for its medications including anti-psychotics, anti-cancers, anti-Parkinsons, and anti-depressants.
Bid/Offer Opens On | Wednesday, 1-Sep-21 |
Bid/Offer Closes On | Friday, 3-Sep-21 |
Price Band | Rs. 603 - Rs. 610 per equity share |
Lot Size | 24 Shares |
How to apply via ABMA App | How to apply via Web Platform
The below table has important dates with respect to the IPO allotment and listing.
Finalization of Basis of Allotment | 8-Sep-21 |
Initiation of Refunds | 9-Sep-21 |
Credit of Shares to Demat Acct | 13-Sep-21 |
IPO Shares Listing Date | 14-Sep-21 |
UPI mandate expiry date | 20-Sep-21 |
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.