IPO Alert: SBFC Finance Ltd.

SBFC is a systematically important, non-deposit taking non-banking finance company offering Secured MSME Loans and Loans against Gold, with a majori…

SBFC is a systematically important, non-deposit taking non-banking finance company offering Secured MSME Loans and Loans against Gold, with a majority of their borrowers being entrepreneurs, small business owners, self-employed individuals, salaried and working-class individuals.

Read more about SBFC Finance IPO

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

Finalization of Basis of Allotment10-Aug-23
Initiation of Refunds11-Aug-23
Credit of Shares to Demat Acct14-Aug-23
IPO Shares Listing Date16-Aug-23
UPI mandate expiry date17-Aug-23

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.

As per a recent NSE Circular, the Quantity Freeze Limit for different indices has been revised w.e.f 01-Aug-23.Below are the Quantity Freeze Limits &…

As per a recent NSE Circular, the Quantity Freeze Limit for different indices has been revised w.e.f 01-Aug-23.

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

Refer: NSE Circular 

As per a recent circular, the name and symbol of Orient Abrasives Ltd. (Scrip code: 504879) will be changed as follows w.e.f 31-Jul-23. Existing…

As per a recent circular, the name and symbol of Orient Abrasives Ltd. (Scrip code: 504879) will be changed as follows w.e.f 31-Jul-23.

Existing Symbol New Symbol Existing Name the of CompanyNew Name of the  Company
ORIENTABRAORIENTCEROrient Abrasives Ltd.Orient Ceratech Ltd.

Refer: BSE Circular | NSE Circular

As per a recent circular, the name of Fourth Dimension Solutions Ltd. will be changed as follows w.e.f 31-Jul-23. Existing SymbolNew Symbol …

As per a recent circular, the name of Fourth Dimension Solutions Ltd. will be changed as follows w.e.f 31-Jul-23.

Existing SymbolNew Symbol Existing Name of the CompanyNew Name of the  Company
4THDIMGVPTECHFourth Dimension Solutions Ltd.GVP Infotech Ltd.

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 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 Akshar Spintex Ltd. (Scrip Code: 541303) will be sub-divided into 10 equity shares. The key dates for the same are as follows:

Company NameSymbolSub-division RatioRecord DateEx-split Date
Akshar Spintex Ltd.AKSHAR1:1031-Jul31-Jul

Refer: NSE circular | BSE Circular

A 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 …

A 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, Shish Industries Ltd. is issuing 2 bonus share for every 1 existing share. The key dates for the Bonus Issue are as follows:

Company NameSymbolRecord dateEx-Bonus basis from Date 
Shish Industries Ltd.SHISHIND28-Jul28-Jul

Refer: BSE circular

A dividend is an amount paid by the company to its shareholders out of its profits. These regular profit-sharing payment in the form of dividends is …

A dividend is an amount paid by the company to its shareholders out of its profits. These regular profit-sharing payment in the form of dividends is a corporate action initiated by the company regularly. 

As per a recent circular, Indian Oil Corporation Ltd. has announced a payment of dividend at Rs 3 for the Financial year 2023-24. The key dates for the same are as follows:

Company NameSymbolDividend AmountRecord date
Indian Oil Corporation Ltd.IOCRs 328-Jul-23
  • Adjustments of options contracts - The full value of the Dividend shall be deducted from the strike prices generated at the end of 27-Jul-23
  • Adjustments of futures contracts - The adjusted futures price will arrive at the reference rate less the Dividend amount 
  • Adjusted rates/strike prices will be available for trading w.e.f 28-Jul-23
  • 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 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 Servotech Power Systems Ltd. will be sub-divided into 2 equity shares. The key dates for the same are as follows:

    Company NameSymbolSub-division RatioRecord DateEx-split Date
    Servotech Power Systems Ltd.SERVOTECH1:228-Jul28-Jul

    Refer: NSE circular 

    Offer for Sale of below company is open in BSE/NSE. To Place your OFS Request: Contact your sub-broker. In case you don't have a sub-broke…

    Offer for Sale of below company is 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
    RVNLNon-Retail27-Jul, 9:30am - 3:15pmRs. 119NA
     RVNLRetail28-Jul, 9:30am - 3:15pmNA121.60
    As per a BSE circular, Saregama India Ltd. will demerge w.e.f. 27-Jul-23.  Due to this demerger, 1 equity share of Digidrive Distributors Ltd. w…

    As per a BSE circular, Saregama India Ltd. will demerge w.e.f. 27-Jul-23. 

    Due to this demerger, 1 equity share of Digidrive Distributors Ltd. will be issued for every 5 equity shares held in Saregama India Ltd.

    Name of CompanySymbolScrip Code
    Saregama India Ltd.SAREGAMA532163

    Refer: BSE Circular