Risk Management – ASM & GSM

The ASM and GSM lists change from time to time. You can see or download the current securities list from the table below.

Yes, we allow buying and selling of scrips under ASM and GSM, owing to certain rules and regulations. At Angel, trading is allowed in ASM scrips, while in the case of GSM, only scrips categorised under 0 and 1 are allowed for trading.

To safeguard the clients from undue loss arising due to monitoring price and volatility and detecting misleading activities such as insider trading, fictitious transactions, and more, particular scrip and scrips are blocked from trading.

The applicable margin while placing orders for ASM/GSM scrip will be 100% in all stages while the price band fluctuates.

For GSM: In Stage 1, the applicable margin shall be 100%, while, from Stage 2 onwards, an Additional Surveillance Deposit of 50% or 100% will be applicable based on GSM stage.

Note: Please know that clients will not be able to buy stocks that are in stage 2 of GSM or higher. These stocks will require Additional Surveillance Deposit (ASD) of 100% of the trade value or more and this margin will remain blocked by the exchange atleast for 2 months even after the stock is solid.

No, trading in unsolicited scrips is restricted at Angel One. Click here to know more unsolicited investment tips.

Insolvency Bankruptcy Code (IBC):
This law is incorporated to handle insolvency and bankruptcy cases. When a stock is under surveillance for IBC, it means the company is going through an insolvency procedure. For some of these stocks, trading may still be allowed subject to the stage of surveillance.

Inter Creditor Agreement (ICA):
An agreement between various lenders and a single borrower that describes their rights and obligations in case of a default is ICA. When a company has entered into ICA to restructure the debt, its stock comes under the surveillance. In these cases, trading in the stocks might be allowed but with certain restrictions in place.

Trading is resticted for certain scrips to protect clients from undue loss arising due to liquid counters.

If the client has bought SME shares through IPO, selling is allowed. However, buying is completely blocked as per the risk and management decision to safeguard clients from undue losses occuring due to liquid counters.

Buying/selling is limited to a particular quantity due to illiquid counters and dry volumes. This restriction also safeguards clients from excess losses.

This criteria is removed from Angel One.