Market Updates

Trading in securities of the undermentioned companies will be suspended w.e.f December 12, 2022 on account of non-compliance with SEBI Regulations.

Refer: BSE Circular

As per a recent NSE Circular, the Quantity Freeze Limit for different indices has been revised w.e.f 01-Dec-22.

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

*Lot Size refers to Units per Lot. This is defined by the Exchange and is currently as follows:

BANKNIFTY=25; NIFTY=50; FINNIFTY=40; MIDCPNIFTY=75

Refer: NSE Circular

Stock sub-division or stock split is a corporate action in which a company increases the number of its outstanding shares by issuing more shares to its existing shareholders.

As per a recent circular, 1 equity share of Rajnandini Metal Ltd. will be subdivided into 10 equity shares. The key dates for the same are as follows:

Refer: NSE circular

Stock sub-division or stock split is a corporate action in which a company increases the number of its outstanding shares by issuing more shares to its existing shareholders.

As per a recent circular, 1 equity share of Chandra Prabhu International Ltd. (Scrip Code: 530309) will be sub-divided into 5 equity shares. The key dates for the same are as follows:

Refer: BSE circular

Bonus Issue is one of the corporate actions where a company issues bonus shares as new or additional shares, free of cost and in proportion to the shares held by the shareholder.

As per the recent BSE circular, Navoday Enterprises Ltd. (Scrip Code: 543305) is issuing 1 bonus share for every 1 existing share. The key dates for the Bonus Issue are as follows:

Bonus Issue is one of the corporate actions where a company issues bonus shares as new or additional shares, free of cost and in proportion to the shares held by the shareholder.

As per the recent BSE circular, 7NR Retail Ltd. (Scrip Code: 540615) is issuing 1 bonus share for every 5 existing shares. The key dates for the Bonus Issue are as follows:

Refer: BSE circular

Bonus Issue is one of the corporate actions where a company issues bonus shares as new or additional shares, free of cost and in proportion to the shares held by the shareholder.

As per the recent BSE circular, Maharashtra Seamless Ltd. (Scrip Code: 500265) is issuing 1 bonus share for every 1 existing share. The key dates for the Bonus Issue are as follows:

Refer: BSE circular

Offer for Sale of below companies are open in BSE/NSE. To Place your OFS Request:

In recent times, we have witnessed a significant spike in IPO participation due to increased awareness. However, the allotment of shares in an IPO is based on sheer luck if there is an over-subscription of shares. Let us take a detailed look at the non-allotment of IPO due to over-subscription. 

What is over-subscription? Over-subscription is a situation where the company receives more applications than the offered number of shares. For example - XYZ Co. has offered 5,00,000 shares but has received applications for 7,50,000 shares. It means the IPO is oversubscribed. 

In such a case, the company cannot allot shares to each applicant, and a computerized lottery is held, leaving the allotment of IPO shares to your luck. This means even though you have submitted a successful application, you might not get the allotment as it is solely based on the lottery. 

Let’s understand this with a real-life example: Latent View Analytics Private Limited’s IPO in the retail category was heavily oversubscribed. They received applications for approximately 32 crore shares when only around 30 lakhs shares were reserved as per the IPO prospectus for the retail category. In this case, based on the lottery system, only 3 out of 241 applicants received the allotment of the IPO shares. This shows that the allotment of IPO shares in case of over-subscription depends on your luck as it happens via lottery. 

Kindly note that in the case of a lottery system, your broker cannot help you with the allotment of shares.

Uniparts is a global manufacturer of engineered systems and solutions, and it is one of the leading suppliers of systems and components for the off-highway market in the agriculture and construction, forestry and mining, and aftermarket sectors on account of their presence across over 25 countries.

Read more about Uniparts India Ltd. IPO

The below table has important dates with respect to the IPO allotment and listing.

How to Check Allotment Status

In case you have not been allotted 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.