Suspension of trading in securities of 9 Companies

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

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

Name of Company Scrip Code
Alps Motor Finance Ltd 538423
Atlas Jewellery India Ltd514394
Genera Agri Corp Ltd541999
India Infraspace Ltd531343
PTC India Financial Services Ltd.533344
PTC India Ltd.532524
Sharp India Ltd.523449
Sri Vajra Granites Ltd515081
TIL Ltd.505196

Refer: BSE Circular

[01- Dec-22] Quantity Freeze Limits for Indices

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 Li…

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:

No.IndicesQuantity Freeze Limit(Maximum units you can buy or sell per order)Maximum lots per Order(Quantity Freeze Limit/Lot Size*)
1.BANKNIFTY90036
2.NIFTY180036
3.FINNIFTY180045
4.MIDCPNIFTY550073

*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

Sub-division of equity shares of Rajnandini Metal Ltd.

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 i…

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:

Company NameSymbolSub-division RatioRecord DateEx-split Date
Rajnandini Metal Ltd.RAJMET1:1030-Nov30-Nov

Refer: NSE circular

Sub-division of equity shares of Chandra Prabhu International Ltd.

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 i…

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:

Company NameSymbolSub-division RatioRecord DateEx-split Date
Chandra Prabhu International Ltd.CHANDRAP1:530-Nov30-Nov

Refer: BSE circular

Bonus Issue of Navoday Enterprises Ltd.

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 sh…

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:

Company NameSymbolRecord dateEx-Bonus basis from Date 
Navoday Enterprises Ltd.NAVODAYENT29-Nov29-Nov

Bonus Issue of 7NR Retail Ltd.

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 sh…

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:

Company NameSymbolRecord dateEx-Bonus basis from Date 
7NR Retail Ltd.7NR28-Nov28-Nov

Refer: BSE circular

Bonus Issue of Maharashtra Seamless Ltd.

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 sh…

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:

Company NameSymbolRecord dateEx-Bonus basis from Date 
Maharashtra Seamless Ltd.MAHSEAMLES29-Nov25-Nov

Refer: BSE circular

Offer For Sale (OFS) - November 2022

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-br…

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 080-47480048.
  • Scrip NameCategoryTime WindowFloor PriceClearing Price
    KRLNon-Retail25-Nov, 9:30am - 3:30pmRs. 480NA
    KRLRetail28-Nov, 9:30am - 3:30pmNARs. 480
    AXISBANKNon-Retail10-Nov, 9:30am - 3:30pmRs. 830.63NA
    AXISBANKRetail11-Nov, 9:30am - 3:30pmNARs. 833

    Reason for the non-allotment of shares in the IPO

    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…

    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.

    Important Dates: Uniparts India Ltd. Ltd. IPO

    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-h…

    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.

    Finalization of Basis of Allotment07-Dec-22
    Initiation of Refunds08-Dec-22
    Credit of Shares to Demat Acct09-Dec-22
    IPO Shares Listing Date12-Dec-22
    UPI mandate expiry date13-Dec-22

    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.