Now open SGB 2021-22 Series III
Security Symbol | Issue Period | Date of Allotment | Issue Price per gram |
---|---|---|---|
SGB212203 | 31-May-21 to 04-Jun-21 | 08-Jun-21 | - Offline Bid: Rs. 4,889 - Online Bid: Rs. 4,839 (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
Now open SGB 2021-22 Series II
Security Symbol | Issue Period | Date of Allotment | Issue Price per gram |
---|---|---|---|
SGB212202 | 24-May-21 to 28-May-21 | 01-Jun-21 | - Offline Bid: Rs. 4,842 - Online Bid: Rs. 4,792 (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
Settlement Holiday: 26-May
26-May-21 is a Settlement Holiday due to Buddha Pournima. Currency Segment will be closed on this day for trading. However, other segments are open for Trading.
What this means for you:
- You can place your Trades as usual, however the settlement of funds/securities will be processed as detailed in the table below:
Segment | Trade Placed on | Date of Settlement |
---|---|---|
Equity | 25-May & 26-May | 28-May |
Derivatives (F&O) | 25-May & 26-May | 27-May |
- Your credit balance for 26-May will not include the following:
Segment | Account Balance exclusions |
---|---|
Equity | Intraday Profits made on 25-May |
Derivatives (Equity F&O, Currency & Commodity) | Credits made from trades done on 25-May |
Just so you know: Settlement holidays refer to days when markets (except Currency segment) are open for trading but when Depositories and/or Banks are closed. Due to this, all trades done during that day will be settled on next settlement cycle, as per the respective segments.
Offer For Sale (OFS) - May 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 022-68071111 | 022-42185454
Now open: SGB 2021-22 Series 1
Security Symbol | Issue Period | Date of Allotment | Issue Price per gram |
---|---|---|---|
SGB212201 | 17-May-21 to 21-May-21 | 25-May-21 | - Offline Bid: Rs. 4,777 - Online Bid: Rs. 4,727 (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
Are you ready for Peak Margin Phase 3?
From 01-Jun-21, the requirement for Peak Margin enters Phase 3. Keep reading to know everything important about this announcement -
A little background on Peak Margin Requirement: In Dec-20, SEBI introduced a new set of guidelines for Collection & Reporting of Peak Margin – which refers to the highest margin requirement of trades done during the day. The roll-out of Peak Margin requirement was to be done in 4 stages with a gradual increase in the upfront margin required. The 2nd phase which ends on 31-May-21 required an upfront margin of 50%.
Phase 3 of the implementation plan begins from 01-Jun-21 whereby minimum 75% of the total peak margin is required for trades done during the day.
Let’s see how this works out with the help of an Example:
![](https://announcements123.files.wordpress.com/2021/05/example_1.png?w=1024)
Key Points to Remember:
- From 01-Jun-21, 75% of total peak margin will be collected upfront before placing any trade, across all segments.
- To avoid margin shortage penalty, Funds Payout will be done twice during the day – once before equity market opens & once after equity market closes.
To avoid any interruptions in trading -
- Keep your Angel Broking account well-funded at all times, and/or
- Pledge your shares lying in your Angel Demat account
For more details, feel free to visit the below links:
Buybacks, Takeovers and Delisting - May 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 call us on 022-68071111 / 022-42185454 or write to us at support@angelbroking.com
Scrip Name | Sub Type | Start Date | End Date | Floor Price |
QUICKHEAL | Buyback | 31-May-21 | 11-Jun-21 | Rs. 245 |
MANGIND | Takeover | 31-May-21 | 11-Jun-21 | Re. 0.5 |
BAJRFIN | Delisting | 24-May-21 | 31-May-21 | Rs. 13.18 |
MJCO | Takeover | 20-May-21 | 03-Jun-21 | Rs. 77 |
IFSL | Delisting | 19-May-21 | 25-May-21 | Rs. 32.54 |
SIS | Buyback | 12-May-21 | 27-May-21 | Rs. 550 |
SOLEX | Takeover | 07-May-21 | 21-May-21 | Rs. 35 |
MAGMA | Takeover | 04-May-21 | 18-May-21 | Rs. 70.27 |
HUSYSLTD | Delisting | 03-May-21 | 07-May-21 | Rs. 73.43 |
IPO Alert: PowerGrid InvIT
Owned by state-run PowerGrid Corporation of India, PowerGrid Infrastructure Investment Trust was set up to own, construct, operate, maintain and invest as an infrastructure investment trust. The PowerGrid InvIT’s Initial Portfolio Assets comprise five power transmission projects located across five states of India.
Bid/Offer Opens On | Thursday, 29-Apr-21 |
Bid/Offer Closes On | Monday, 03-May-21 |
Price Band | Rs. 99 - Rs. 100 per equity share |
Lot Size | 1100 Shares |
More on PowerGrid InvIT IPO | How to Check Allotment Status | How to Apply
The below table has important dates with respect to the IPO allotment and listing
Bid/Offer Opens On | 29-Apr-21 |
Bid/Offer Closes On | 03-May-21 |
Finalization of Basis of Allotment | 10-May-21 |
Initiation of Refunds | 11-May-21 |
Credit of Shares to Demat Acct | 11-May-21 |
IPO Shares Listing Date | 17-May-21 |
UPI mandate expiry date | 24-May-21 |
Offer For Sale (OFS) - April 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 022-68071111 | 022-42185454
Scrip Name | Category | Time Window | Floor Price |
FMGOETZE | Non-Retail | 26-Apr, 9:15am - 3:30pm | Rs. 250 |
FMGOETZE | Retail | 27-Apr, 9:15am - 3:30pm | Rs. 250 |
HATHWAY | Non-Retail | 26-Apr, 9:15am - 3:30pm | Rs. 21.50 |
HATHWAY | Retail | 27-Apr, 9:15am - 3:30pm | Rs. 21.50 |
SHALBY | Non-Retail | 26-Apr, 9:15am - 3:30pm | Rs. 111 |
SHALBY | Retail | 27-Apr, 9:15am - 3:30pm | Rs. 111 |
NIFTY50 Lot size reduced to 50!
In its recent circular, the National Stock Exchange (NSE) has announced a revision in the market lot size of Derivative Contracts. As per this, the Market Lot size for NIFTY50 (Symbol - NIFTY) has been reduced from 75 to 50.
However, there is no change in the lot size for derivative contracts on Nifty Bank (Symbol - BANKNIFTY) and Nifty Financial Services (Symbol - FINNIFTY). Their lot sizes remain as 25 and 40 respectively.
How will this help you?
The reduction in the lot size for NIFTY50 will make futures trading more affordable since it reduces the margin requirement substantially. Consider the Example below for a better understanding:
Example
Existing | Revised | |
Market Lot Size | 75 | 50 |
Assumed NIFTY50 Level | 14,500 | 14,500 |
Lot Value (Rs) | 10,87,500 | 7,25,000 |
15% - Margin Required (Rs) | 1,63,125 | 1,08,750 |
- This revision is applicable for Monthly Contracts from July-21 onwards and Weekly Contracts from August-21 onwards.
- Contracts with monthly maturity of May-21 and June-21 will continue to have the existing market lot size of 75.
- Weekly Contracts for the Month of May-21, June-21, July-21 will have the existing market lot size of 75.
- Spread Trading will not be allowed for the combination contract of May 2021 - July 2021 and June 2021 - July 2021 expiries. (Spread trades refer to buying one security and selling another related security as a unit. This is a common activity for regular rollover trades in options and futures contracts. More on Spread Trading)