Zerodha Bulletin - Important operational and trading updates

Latest Intraday leverages and Square-off timings

Mon, 03 Feb 2025 07:44:48 +0530

Intraday (MIS) leverages for the day are as mentioned below:

Segment	Leverage /Margins
Equity	5X (20% of the trade value based on the volatility of the stock(VaR+ELM+Adhoc margins of the exchange))
Index F&O	1X (100% of NRML margins(SPAN + Exposure))
Stock F&O	1X (100% of NRML margins(SPAN + Exposure))
Currency Futures	1X (100% of NRML margins(SPAN + Exposure))
Commodity Futures	1X (100% of NRML margins(SPAN + Exposure))

You can check the NRML and MIS margins required on our margin calculator.

Open intraday positions are auto-squared-off by our system at/after the below-mentioned time for each segment:

Segments	Auto square off time
Equity/Cash	3:20 PM
Equity/Index Derivatives	3:25 PM
Commodities	25 minutes before close

Note:

Cover orders (CO) are only allowed for NSE equity orders. Learn more.
Based on market volatility, leverage on intraday products(MIS/CO) can be reduced/removed during the day at the discretion of our risk management team.
Based on market volatility, intraday square-off timings can change at the discretion of our risk management team. The same will be updated above.
To learn more about why lower leverages, and no cover orders (CO), during higher volatility periods, check out this post on Z-connect.

Surveillance measure on scrips - February 2025

Sat, 01 Feb 2025 08:04:50 +0530

In order to enhance market integrity and safeguard the interest of investors, SEBI and exchanges, have introduced various surveillance measures, such as reduction in price bands, periodic call auctions, and moving securities to the Trade to Trade (T2T) segment from time to time.

Enhanced Surveillance Measure (ESM) Stage II: Scrips will be under Trade to Trade category with a price band of 2%, and the trading will be permitted on all trading days under Periodic Call Auction. Read more.

Graded Surveillance Measure (GSM) Stage III: Scrips will be permitted for trading only once a week (Every Monday or the 1st trading day of the week) and an Additional Surveillance Deposit (ASD) of 100% of the trade value to be deposited by the buyer.

Additional surveillance measure (ASM): Scrips will be undergoing an Insolvency Resolution Process (IRP) as per the Insolvency and Bankruptcy Code (IBC) and the stock will trade only once a week (Every Monday or the 1st trading day of the week).

For more details, check the support articles here (ESM, GSM, ASM).

Note: The shares held by you will not be visible on Kite on days other than Mondays but you can check them on Console.

Refer to the table below.

Scrip	Surveillance stage	Effective date
Explicit Finance Ltd.	GSM Stage 3	2025-02-01
Euro Asia Exports Ltd.	GSM Stage 3	2025-02-01

Surveillance measure on scrips - January 2025

Fri, 31 Jan 2025 08:00:21 +0530

For more details, check the support articles here (ESM, GSM, ASM).

Note: The shares held by you will not be visible on Kite on days other than Mondays but you can check them on Console.

Refer to the table below.

Scrip	Surveillance stage	Effective date
Procal Electronics India Ltd	GSM Stage 3	2025-01-01
Tricom Fruit Products Ltd	IBC Stage 1	2025-01-03
ARSS Infrastructure Projects Ltd*	IBC Stage 1	2025-01-06
Rolta India Ltd	IBC Stage 1	2025-01-06
Ecoboard Industries Ltd.	GSM Stage 3	2025-01-06
Tirth Plastic Ltd.	GSM Stage 3	2025-01-06
National Plywood Industries Ltd	IBC Stage 1	2025-01-07
Innovative Tyres & Tubes Limited	IBC Stage 1	2025-01-08
Coffee Day Enterprises Ltd*	IBC Stage 1	2025-01-09
Future Supply Chain Solutions Ltd*	IBC Stage 1	2025-01-09
MT Educare Ltd*	IBC Stage 1	2025-01-09
Omkar Speciality Chemicals Ltd*	IBC Stage 1	2025-01-09
Seya Industries Ltd*	IBC Stage 1	2025-01-09
Visa Steel Ltd*	IBC Stage 1	2025-01-09
Gr Cables Ltd.	GSM Stage 3	2025-01-09
Monind Limited	GSM Stage 3	2025-01-10
Bio Green Papers Ltd	IBC Stage 1	2025-01-10
Lynx Machinery & Commercials L	GSM Stage 3	2025-01-16
Artson Engineering Ltd.	GSM Stage 3	2025-01-16
Si Capital & Financial Service	GSM Stage 3	2025-01-16
Simplex Mills Company Ltd.	GSM Stage 3	2025-01-16
Kotia Enterprises Limited	GSM Stage 3	2025-01-16
Source Industries (India) Ltd.	GSM Stage 3	2025-01-17
Purohit Construction Limited	GSM Stage 3	2025-01-17
Adishakti Loha And Ispat Limited	GSM Stage 3	2025-01-17
Manraj Housing Finance Ltd.	GSM Stage 3	2025-01-20
Bangalore Fort Farms Limited	GSM Stage 3	2025-01-20
Bodhtree Consulting Ltd	IBC Stage 1	2025-01-24
T.Spiritual World Ltd.	GSM Stage 3	2025-01-24
Madhur Industries Ltd.	GSM Stage 3	2025-01-27
Housing Development and Infrastructure Ltd	IBC Stage 1	2025-01-28
Swan Defence And Heavy Industries Ltd	IBC Stage 1	2025-01-29
Sashwat Technocrats Limited	GSM Stage 3	2025-01-29
Krishna Filament Industries Ltd	GSM Stage 3	2025-01-30
Manipal Finance Corporation Ltd	GSM Stage 3	2025-01-30
Prashant India Ltd	GSM Stage 3	2025-01-30
Natura Hue Chem Ltd.	GSM Stage 3	2025-01-31

Current Takeovers and Delisting - January 2025

Wed, 29 Jan 2025 08:00:34 +0530

Scrip Name	Start Date	End Date	Floor Price/Offer Price	Settlement Date	Sub Type
ACCL	02-01-2025	15-01-2025	30.40	22-01-2025	Takeover (If you wish to participate, create a ticket)
ABCOTS	08-01-2025	21-01-2025	236	03-02-2025	Takeover (If you wish to participate, create a ticket)
INDIACEM	08-01-2025	21-01-2025	390	04-02-2025	Takeover
DIAMONDY	16-01-2025	29-01-2025	865.66	12-02-2025	Takeover (If you wish to participate, create a ticket)
RAYLA	16-01-2025	29-01-2025	3.00	04-02-2025	Takeover (If you wish to participate, create a ticket)
GEL	16-01-2025	29-01-2025	43	04-02-2025	Takeover (If you wish to participate, create a ticket)
RELIGARE	27-01-2025	07-02-2025	235	24-02-2025	Takeover (If you wish to participate, create a ticket)
PROCLB	27-01-2025	07-02-2025	15.25	24-02-2025	Takeover (If you wish to participate, create a ticket)
LKPFIN	29-01-2025	11-02-2025	253.10	27-02-2025	Takeover

Note:

Your orders will be placed on the Exchange platform only on the end date mentioned in the table.
Charges for the order placed online will be ₹20+GST for each order. These charges are non-refundable, irrespective of whether the order is accepted/rejected/failed.
Orders will be accepted only till the last day of the closure, till 1:00 PM.
Pledged quantity and T1 holdings will not be taken into consideration.

Rights Entitlements listing in January 2025

Tue, 28 Jan 2025 08:00:28 +0530

When a company launches a rights issue, eligible shareholders receive Rights Entitlements (RE) in their demat accounts. These REs are not rights shares by themselves and need to be used to apply for the rights shares. The REs will be in the form of temporary demat securities which will lapse if you do not use them to apply for the rights or sell them.

The following REs are listed in the month of January:

Company	Rights Entitlement (RE)	ISIN	RE Listing date	RE Last trading date	Last date to apply for rights shares
Mega Corporation Limited	MEGACO-RE	INE804B20015	07-01-2025	14-01-2025	17-01-2025
Dhanlaxmi Bank Limited	DHAN-RE	INE680A20011	08-01-2025	23-01-2025	28-01-2025
Pro Fin Capital Services Limited	PROFIN-RE	INE732K20019	09-01-2025	20-01-2025	24-01-2025
Sharanam Infraproject And Trading Limited	SIPTL-RE2	INE104S20030	13-01-2025	04-02-2025	10-02-2025
Anupam Finserv Limited	ANUFIN-RE	INE069B20015	13-01-2025	27-01-2025	31-01-2025
Nibe Ordnance And Maritime Limited	NIBOR-RE	INE425H20016	17-01-2025	22-01-2025	28-01-2025
Camlin Fine Sciences Limited	CAMLIN-RE	INE052I20016	17-01-2025	21-01-2025	27-01-2025
California Software Company Limited	CALSOFT-RE	INE526B20014	24-01-2025	28-01-2025	31-01-2025
Globe Textiles (India) Limited	GLOBE-RE1	INE581X20021	24-01-2025	31-01-2025	06-02-2025
Interactive Financial Services Limited	INTFIN-RE	INE064T20018	27-01-2025	31-01-2025	05-02-2025
GTT Data Solutions Limited	GTTDA-RE	INE959B20017	27-01-2025	30-01-2025	04-02-2025
Ultracab (India) Limited	ULTACA-RE	INE010R20015	28-01-2025	05-02-2025	11-02-2025

Scheduled maintenance downtime for Coin

Fri, 24 Jan 2025 21:00:14 +0530

Coin will undergo scheduled maintenance from 10:00 PM on Friday, January 24, 2025, to 12:00 AM on Saturday, January 25, 2025. A few features will be unavailable during this time.

BSE StAR mutual fund platform downtime

Fri, 24 Jan 2025 14:08:36 +0530

BSE STAR MF (our backend order routing system) has scheduled maintenance from 07:00 AM to 01:00 PM on Saturday, January 25, 2025. All purchases, redemptions, and new SIP creations will be blocked on Coin. Read more.

Adjustment of F&O contracts of WIPRO due to dividend

Fri, 24 Jan 2025 10:16:14 +0530

As per NSE circular effective January 28, 2025, the strikes of WIPRO options and the base price of the futures contracts will be revised due to extraordinary dividends.

Adjustment for future contracts:

All positions in futures contracts of WIPRO will be marked-to-market on the last cum-dividend date, i.e. January 27, 2025, based on the daily settlement price of the respective futures contract. Subsequently, open positions will be carried forward at the daily settlement price less Rs. 6 (dividend amount) for the respective futures contract.

From January 28, 2025, (ex-dividend date), daily mark-to-market settlement of the futures contracts will continue as per normal procedures.

For example:

Assume you bought 1 lot (3000 quantities) of WIPRO futures on January 27th, 2025, at Rs. 320, and the daily settlement price at the market close is Rs. 330, you would have made a mark-to-market profit of Rs. 10 per share.

On January 28, 2025, the previous day’s position will be carried forward at Rs. 324 (i.e. 330 –6). If the closing price on January 28th, 2025, is Rs. 328, you’ll make a mark-to-market profit of Rs. 4 per share.

Adjustment for option contracts:

The full value of the dividend i.e. Rs. 6 will be deducted from all the cum-dividend strike prices on the ex-dividend date. All positions in existing strike prices will continue to exist in the corresponding new adjusted strike prices.

For example:

The strike price of Rs. 330 Call Option will be reduced to Rs. 324 on January 28th, 2025, and the positions in Rs. 330 Call Option will continue to exist in Rs. 324 Call Option.

The lot size of the F&O contracts will not change.

Also, if you hold equity shares of WIPRO in your Demat account as of January 28th, 2025 (ex-date) you will be entitled to receive the dividend which will be credited directly to your primary bank account within 30 to 45 days from the record date.

Adjustment of F&O contracts of IGL on account of bonus.

Fri, 24 Jan 2025 10:12:45 +0530

As per the circular, effective from January 31, 2025, the IGL F&O contracts will be revised based on the bonus adjustment factor.

Calculation of the adjustment factor: The adjustment factor for a bonus issue of A: B is defined as (A+B)/B. For Indraprastha Gas Limited, the adjustment factor is (1+1)/1 = 2, since the bonus issue ratio of 1:1.

Adjustment for Futures Contracts:

Futures base price: The adjusted futures base price is arrived at by dividing the settlement price of the future one day before the ex-date by the adjustment factor.

Futures lot size: The adjusted market lot will be arrived at by multiplying the old market lot by the adjustment factor. The revised market lot would be 2750.

For example:

Assume you are holding a position in Indraprastha Gas Limited FEB FUT and on pre-ex-date (Jan 30, 2025) futures close at 400, on ex-date the price will be adjusted to 200 (Price on pre-ex-date: 400 / Adjustment Factor: 2)

While the lot size will be adjusted to 2750 (Current lot size: 1375 * Adjustment Factor: 2).

Adjustment for Options Contracts:

Strike Price: The adjusted strike price is calculated by dividing the old strike price by the adjustment factor.

Lot Size: The adjusted lot size is arrived at by multiplying the old market lot by the adjustment factor. The revised lot size would be 2750.

For example:

Assume you hold a position in Indraprastha Gas Limited 400 CE, the current lot size is 1375. On ex-date, the 400 CE will be adjusted to 200 (Strike Price 400 / Adjustment Factor 2) and the lot size will be adjusted to 2750 (Current Lot Size: 1375 * Adjustment Factor 2).

Also, if you hold equity shares of IGL in your demat account as of January 31, 2025, you will be entitled to receive the bonus shares, which will be credited to your demat account usually within 2 days from the record date.

MCX Option contracts expiry - January 2025

Fri, 24 Jan 2025 09:36:09 +0530

All ITM Naturalgas and NatgasMini option contracts expiring on January 24, 2025, will devolve into a futures contract. Maintain adequate margins for the futures contract before 7 PM on January 24, 2025, to avoid a square-off.

All ITM Copper, and Zinc options contracts expiring on January 24, 2025, will devolve into a futures contract. Maintain adequate margins for the futures contract before 7 PM on January 24, 2025, to avoid a square-off.

All ITM Gold and GoldM options contracts expiring on January 27, 2025, will devolve into a futures contract. Maintain adequate margins for the futures contract before 7 PM on January 27, 2025, to avoid a square-off.

Check the margin calculator for margin requirements.

Note: Fresh positions are not allowed on the expiry day of the contracts. You can check the settlement type and last trading day details from this list.

MCX Base metals contract expiry - January 2025

Fri, 24 Jan 2025 09:32:40 +0530

Aluminum, Alumini, Copper, Lead, Leadmini, Zinc, and Zincmini contracts expiring on January 31, 2025, are staggered delivery contracts. Please square off your positions in these contracts before 7 PM on January 28, 2025, failing which we may square off your position to avoid physical delivery.

You can check the settlement type and last trading day details from this list.

MCX Precious metals expiry - January 2025

Fri, 24 Jan 2025 09:30:41 +0530

Gold and GoldM contract expiring on February 05, 2025, is a staggered delivery contract. Please square off your position in this contract before 7 PM on January 29, 2025, failing which we may square off the position to avoid physical delivery.

Gold guinea and Gold petal contract expiring on January 31 , 2025, is a staggered delivery contract. Please square off your position in this contract before 7 PM on January 24, 2025, failing which we may square off the position to avoid physical delivery.

MCX Agri contracts expiry - January 2025

Fri, 24 Jan 2025 09:27:58 +0530

Menthaoil contract expiring on January 31, 2025, is a staggered delivery contract. Please square off your positions in these contracts before 12:30 PM on January 28, 2025, failing which we may square off the position to avoid physical delivery.

Offer for sale (OFS) - January 2025

Wed, 15 Jan 2025 08:00:51 +0530

Below is the list of all Offer for sale open in BSE/NSE.

You can place an order from the Console during the offer period.

Scrip Name	Category	Start Date	End Date	Floor Price	Cut-off Price	Maximum allowed bid quantity
ADHHATA (BSE) ##	Non-Retail	January 6, 10:00 AM	January 6, 02:30 PM	35	N/A	N/A
ADHHATA (BSE) ##	Retail	January 7, 10:00 AM	January 7, 02:30 PM	N/A	37.20	5376
AWL (NSE/BSE) ##	Non-Retail	January 10, 10:00 AM	January 10, 02:30 PM	275	N/A	N/A
AWL (BSE) ##	Retail	January 13, 10:00 AM	January 13, 02:30 PM	N/A	275	727
ASMS (BSE) ##	Non-Retail	January 14, 10:00 AM	January 14, 02:30 PM	22	N/A	N/A
ASMS (BSE) ##	Retail	January 15, 10:00 AM	January 15, 02:30 PM	N/A	22	9090

# Single price methodology

## Multiple price methodology

Note: Orders above Rs. 2 lakhs will be considered as Non-Institutional Investor (NII) category orders [non-retail].

Your orders will be placed on the Exchange platform only on the offer end date/time mentioned in the above table.
Please note that Zerodha will not be funding your OFS Purchase.

Know more about the maximum allowed bid quantity here.

A charge of Rs. 20+ 18% GST per order will be charged for all OFS orders placed. These charges are non-refundable irrespective of whether the order is accepted/rejected/failed.

The demand and cumulative quantity in the general category on the second day of OFS indicate the carried forward bids of the general category. These bids shall be considered for allotment if the issue size reserved for the retail category is undersubscribed.
As per SEBI OFS Guidelines, retail bids below the cut-off price shall not be eligible for allocation.

Issue with order placement on MCX [Resolved]

Tue, 14 Jan 2025 20:53:49 +0530

Update [09:49 PM]: The issue is resolved. Please check your orderbook if you have any open positions.

Due to an issue at the Multi Commodity Exchange across brokers, your orders in the Commodity segment would be showing under open pending status. We’re in touch with the exchange to have this issue resolved at the earliest.

MCX Crude option contract expiry - January 2025

Tue, 14 Jan 2025 16:02:29 +0530

All ITM crude oil options and crude oil Mini options contracts expiring on January 15th, 2025, will devolve into a futures contract. Maintain adequate margins for the futures contract before 7 PM on January 15th, 2025, to avoid a square-off. Check the margin calculator for margin requirements.

Note: Fresh positions are not allowed on the expiry day of the contracts.

Adjustment of F&O contracts of CESC due to dividend

Mon, 13 Jan 2025 18:32:53 +0530

As per NSE circular effective January 16, 2025, the strikes of CESC options and the base price of the futures contracts will be revised due to extraordinary dividends.

Adjustment for future contracts:

All positions in futures contracts of CESC Limited will be marked-to-market on the last cum-dividend date, i.e. January 15, 2025, based on the daily settlement price of the respective futures contract. Subsequently, open positions will be carried forward at the daily settlement price less Rs. 4.5 (dividend amount) for the respective futures contract.

From January 16, 2025, (ex-dividend date), daily mark-to-market settlement of the futures contracts will continue as per normal procedures.

For example:

Assume you bought 1 lot (2925 quantities) of CESC Limited futures on January 15th, 2025, at Rs. 150, and the daily settlement price at the market close is Rs. 155, you would have made a mark-to-market profit of Rs. 5 per share.

On January 16, 2025, the previous day’s position will be carried forward at Rs. 150.5 (i.e. 155 –4.5). If the closing price on January 16th, 2025, is Rs. 155, you’ll make a mark-to-market profit of Rs. 3.5 per share.

Adjustment for option contracts:

The full value of the dividend i.e. Rs. 4.5 will be deducted from all the cum-dividend strike prices on the ex-dividend date. All positions in existing strike prices will continue to exist in the corresponding new adjusted strike prices.

For example:

The strike price of Rs. 160 Call Option will be reduced to Rs. 155.5 on January 16th, 2025, and the positions in Rs. 160 Call Option will continue to exist in Rs. 155.5 Call Option.

The lot size of the F&O contracts will not change.

Also, if you hold equity shares of CESC Limited in your Demat account as of January 16th, 2025 (ex-date) you will be entitled to receive the dividend which will be credited directly to your primary bank account within 30 to 45 days from the record date.

BSE StAR mutual fund platform downtime

Fri, 03 Jan 2025 17:43:48 +0530

BSE STAR MF (our backend order routing system) has scheduled maintenance from 10:00 PM on Friday, January 3, 2025, to 6:00 AM on Saturday, January 4, 2025. All purchases, redemptions, and new SIP creations will be blocked on Coin. Read more.

Adjustment of Futures and Options contracts of ITC

Wed, 01 Jan 2025 15:08:47 +0530

ITC Limited will be issuing 1 (one) equity share of Re.1/- each of ITC Hotels Limited for every 10 (ten) equity share of face value of Re.1/- each to shareholders of ITC Limited.

Symbol: ITC
Ex-date: January 06, 2025

All existing contracts with expiry dates January 30, 2025, February 27, 2025, and March 27, 2025, will expire on January 03, 2025.

Derivatives contracts on ITC shall be introduced again (with expiry January 30, 2025, February 27, 2025 and March 27, 2025) from January 06, 2025, being the ex-date of the underlying. The list of option strikes from which specific strike prices would be made available for trading on January 06, 2025, shall be intimated to the trading members through a separate circular to be issued on January 03, 2025 aftermarket hours.

Note:

The ITC contracts will undergo physical settlement and physical delivery margins will be charged for open positions as per our policy.
The expiry date on the Marketwatch will continue to display as the old expiry date but the contract will be available for trading only till the revised expiry date.
A Special Pre-Open Session (SPOS) for ITC Limited will be conducted on both NSE and BSE from 9:00 a.m. to 10:00 a.m. on January 06, 2025. Click here for more details.

For more details, please check the circular here.

Evening session of MCX to remain closed on January 1, 2025

Tue, 31 Dec 2024 17:00:55 +0530

On account of New Year’s on Wednesday, January 1, 2025, commodity markets will be open for the first half. Trading will be closed for the evening session (5:00 PM onwards).

All intraday commodity positions will be squared off at 4:35 PM.

You can check the Trading holidays for the calendar year 2025 here.

Quarterly Settlement of Funds - January 2025

Mon, 30 Dec 2024 16:00:52 +0530

All unused funds in your Zerodha account as of the end of the day on January 03, 2025, will be transferred back to your primary bank account as part of the mandatory quarterly settlement process. You can expect to receive the credit of funds in your bank account during the day on January 04, 2025.

Stockbrokers are required to transfer unused funds back to the client’s bank account as per SEBI regulations. Learn more.

Note:

Clients with inactive accounts (no trades, fund additions for the last five days), the funds will be transferred back on 31st December. Funds added back to the trading account before 3rd January and remaining unused will be settled back to the bank account as per the regulatory requirement.
Withdrawal requests placed on the 3rd of January onwards will be processed on the 6th of January.
Funds additions for the equity segment will not be available from 8 pm, 3rd January until midnight.
For clients with no trades in the Commodity segment in the last 5 days, the funds will be transferred back on 2nd January. Funds added back to the trading account before 3rd January and remaining unused will be settled back to the bank account as per the regulatory requirement.
Unused funds beyond the 125% of the margins utilized in the Commodity segment, will be reduced from the available margin on January 03, 2025, and will be transferred back to the primary bank account.
Instant withdrawal will not be available on January 04, 2025.

Surveillance measure on scrips - December 2024

Mon, 30 Dec 2024 07:00:37 +0530

For more details, check the support articles here (ESM, GSM, ASM).

Note: The shares held by you will not be visible on Kite on days other than Mondays but you can check them on Console.

Refer to the table below.

Scrip	Surveillance stage	Effective date
Neelkanth Ltd	GSM Stage 3	2024-12-03
Scan Projects Ltd.	GSM Stage 3	2024-12-05
Lakshmi Precision Screws Ltd*	IBC Stage 1	2024-12-09
Polo Hotels Ltd	IBC Stage 1	2024-12-09
Ironwood Education Limited	GSM Stage 3	2024-12-09
Le Lavoir Limited	GSM Stage 3	2024-12-09
Universal Office Automation Ltd	GSM Stage 3	2024-12-10
Compuage Infocom Ltd*	IBC Stage 1	2024-12-10
Goenka Diamond & Jewels Ltd	IBC Stage 1	2024-12-10
Jaiprakash Associates Ltd*	IBC Stage 1	2024-12-10
Ortel Communications Ltd*	IBC Stage 1	2024-12-10
Reliance Communications Ltd*	IBC Stage 1	2024-12-10
East India Drums and Barrels Manufacturing Ltd	IBC Stage 1	2024-12-11
RR MetalMakers India Ltd	IBC Stage 1	2024-12-11
SR Industries Ltd	IBC Stage 1	2024-12-11
Yaari Digital Integrated Services Ltd	GSM Stage 3	2024-12-12
Ansal Properties & Infrastructure Ltd	IBC Stage 1	2024-12-12
Ujaas Energy Ltd	IBC Stage 1	2024-12-12
Abate As Industries Ltd	GSM Stage 3	2024-12-13
Emami Realty Ltd	GSM Stage 3	2024-12-13
SRM Energy Ltd	GSM Stage 3	2024-12-13
Adline Chem Lab Ltd	GSM Stage 3	2024-12-16
Fine Line Circuits Ltd	GSM Stage 3	2024-12-16
Mathew Easow Research Securities Ltd	GSM Stage 3	2024-12-16
Women Networks Ltd	GSM Stage 3	2024-12-17
Minolta Finance Ltd	GSM Stage 3	2024-12-17
Ambassador Intra Holdings Ltd	GSM Stage 3	2024-12-17
Yashraj Containeurs Ltd	IBC Stage 1	2024-12-17
Silveroak Commercials Ltd	IBC Stage 1	2024-12-19
Bombay Talkies Ltd	GSM Stage 3	2024-12-20
Invigorated Business Consulting Ltd	GSM Stage 3	2024-12-20
South Asian Enterprises Ltd	GSM Stage 3	2024-12-20
Accedere Ltd	GSM Stage 3	2024-12-20
Vax Housing Finance Corporation Ltd	GSM Stage 3	2024-12-20
iStreet Network Ltd	GSM Stage 3	2024-12-23
Vas Infrastructure Ltd	IBC Stage 1	2024-12-23
Indergiri Finance Ltd	GSM Stage 3	2024-12-24
Kaarya Facilities and Services Ltd	GSM Stage 3	2024-12-24
Scintilla Commercial & Credit Ltd	GSM Stage 3	2024-12-24
Ankit Metal & Power Ltd*	IBC Stage 1	2024-12-24
Kobo Biotech Ltd	IBC Stage 1	2024-12-24
Switching Technologies Gunther	GSM Stage 3	2024-12-26
Iykot Hitech Toolroom Ltd.	GSM Stage 3	2024-12-26
Capfin India Ltd	GSM Stage 3	2024-12-27
Oswal Leasing Ltd	GSM Stage 3	2024-12-27
Manjeera Constructions Ltd	IBC Stage 1	2024-12-30
International Data Management	GSM Stage 3	2024-12-30

Rights Entitlements listing in December 2024

Fri, 27 Dec 2024 07:00:07 +0530

The following REs are listed in the month of August:

Company	Rights Entitlement (RE)	ISIN	RE Listing date	RE Last trading date	Last date to apply for rights shares
UPL Limited	UPL-RE	INE628A20010	05-12-2024	11-12-2024	17-12-2024
Scanpoint Geomatics Limited	SCANPG-RE3	INE967B20044	05-12-2024	09-12-2024	13-12-2024
NHC Foods Limited	NHCFO-RE	INE141C20010	05-12-2024	12-12-2024	18-12-2024
Enbee Trade & Finance Limited	ENBEE-RE1	INE993I20029	10-12-2024	23-12-2024	30-12-2024
LWS Knitwear Limited	KNIT-RE	INE281M20013	12-12-2024	19-12-2024	24-12-2024
Moongipa Capital Finance Limited	MOONGI-RE	INE153K20018	12-12-2024	23-12-2024	27-12-2024
Viceroy Hotels Limited	VHLTD-RE	INE048C20017	12-12-2024	18-12-2024	24-12-2024
Gujarat Natural Resources Limited	GNRL-RE	INE207H20018	12-12-2024	17-12-2024	20-12-2024
Vistar Amar Limited	VISTA-RE	INE878P20019	13-12-2024	17-12-2024	20-12-2024
Jonjua Overseas Limited	JONJUA-RE	INE793Z20019	13-12-2024	17-12-2024	23-12-2024
Ace Software Exports Limited	ACES-RE	INE849B20010	16-12-2024	20-12-2024	27-12-2024
IRB Infrastructure Trust	IRBIT-RE2	INE0C8K20067	18-12-2024	18-12-2024	19-12-2024
Quasar India Limited	QUASAR-RE	INE855P20017	20-12-2024	13-01-2025	17-01-2025
Sikko Industries Limited	SIKKO-RE	INE112X20017	23-12-2024	02-01-2025	07-01-2025
Avonmore Capital & Management Services	AVON-RE	INE323B20016	23-12-2024	30-12-2024	06-01-2025
Aastamangalam Finance Limited	AASTA-RE	INE819K20014	27-12-2024	31-12-2024	03-01-2025
Murae Organisor Limited	MURAE-RE1	INE060620023	30-12-2024	08-01-2025	13-01-2025
Moksh Ornaments Limited	MOKSH-RE	INE514Y20012	30-12-2024	07-01-2025	10-01-2025

Adjustment of F&O contracts of SHRIRAMFIN on account of Split

Wed, 25 Dec 2024 21:00:44 +0530

As per the circular (1), effective from January 10th, 2025 (ex-date), the SHRIRAMFIN F&O contracts will be revised based on the split adjustment factor.

Calculation of the adjustment factor: The adjustment factor for the stock split of A: B is defined as (A/B). In the case of SHRIRAMFIN, the adjustment factor is (5/1) = 5, since the split ratio is 5:1.

Adjustment for Futures Contracts:

Futures base price: The adjusted futures base price will be arrived at by dividing the settlement price of the future one day before the ex-date by the adjustment factor.

Futures lot size: The adjusted market lot will be arrived at by multiplying the old market lot by the adjustment factor. The revised market lot would be 750.

Example: If you are holding a position in SHRIRAMFIN JAN FUT and on pre-ex-date (January 25, 2025) futures close at 3000, on ex-date the price will be adjusted to 600 (Price on pre-ex-date: 3000 / Adjustment Factor: 5). While the lot size will be adjusted to 750 (Current lot size: 150 * Adjustment Factor: 5).

Adjustment for Options Contracts:

Strike Price: The adjusted strike price will be arrived at by dividing the old strike price by the adjustment factor.

Lot Size: The adjusted lot size will be arrived at by multiplying the old market lot by the adjustment factor. The revised lot size would be 750.

Example: If you are holding a position in SHRIRAMFIN JAN 3000 CE, the current lot size is 150. On ex-date, the 3000 CE will be adjusted to 600 CE (Strike Price: 3000 / Adjustment Factor: 5), and the lot size will be adjusted to 750 (Current Lot Size: 150 * Adjustment Factor: 5).

Also, if you hold equity shares of SHRIRAMFIN in your demat account as of January 10th, 2025 (ex-date) you will be entitled to receive the split shares, which will be credited to your demat account usually within two working days from the ex-date.

Trading holiday on account of Christmas on December 25, 2024

Tue, 24 Dec 2024 08:30:23 +0530

On account of Christmas, all segments, equity, F&O, currency, and commodity markets will remain closed on December 25, 2024.

Keep track of trading and settlement holidays here.

You can check your funds statement on Console to see the unsettled credits in your account.

Note:

The instant withdrawal facility will remain available for fund withdrawals.
Regular withdrawal requests placed on December 25, 2024, will be processed on December 26, 2024, and you will receive the funds by 2 PM on December 27, 2024.

Current Takeovers and Delisting - December 2024

Tue, 24 Dec 2024 07:00:32 +0530

Scrip Name	Start Date	End Date	Floor Price/Offer Price	Settlement Date	Sub Type
MARUTI SECURITIES LIMITED	11-12-2024	24-12-2024	8.50	31-12-2024	Takeover (If you wish to participate, create a ticket)
ASTEC	12-12-2024	26-12-2024	1094.96	01-01-2025	Takeover
KOTIC	13-12-2024	27-12-2024	14.33	10-01-2025	Takeover (If you wish to participate, create a ticket)
MANBRO	18-12-2024	01-01-2025	65	14-01-2025	Takeover (If you wish to participate, create a ticket)
PASUFIN	24-12-2024	07-01-2025	10	20-01-2025	Takeover (If you wish to participate, create a ticket)

Note:

Your orders will be placed on the Exchange platform only on the end date mentioned in the table.
Charges for the order placed online will be ₹20+GST for each order. These charges are non-refundable, irrespective of whether the order is accepted/rejected/failed.
Orders will be accepted only till the last day of the closure, till 1:00 PM.
Pledged quantity and T1 holdings will not be taken into consideration.

Special live trading session on Saturday, February 1, 2025

Mon, 23 Dec 2024 15:00:17 +0530

On account of the presentation of the Union Budget, a special live trading session will be conducted on Saturday, February 1, 2025. We are one of the only few brokers allowing BTST (Buy Today Sell Tomorrow) orders during this session.

Equity & F&O segment market timings:

Trading Sessions	Start Time	End Time
Pre Open*	9:00 AM	9:08 AM
Normal market	9:15 AM	3:30 PM

Commodity segment market timings:

Trading Sessions	Start Time	End Time
Normal market	9:00 AM	5:00 PM

Note:

Any F&O credits (i.e. premium from options sold, marked-to-market profit, intraday profits, etc.) and intraday equity profits from January 31st will not be included in the available funds during the special trading session due to the settlement holiday. However, you will be able to check these credits on your Console ledger.
Cover Orders (CO) will not be allowed.
Based on market volatility, leverage on intraday products (MIS) can be reduced/removed during the day at the discretion of our risk management team. Check the latest intraday leverages here.
Currency markets will stay closed.
Mutual fund orders placed after 2:00 PM on Friday (January 31, 2025) will be processed on Monday, regardless of the special trading session. Read more
SIP orders on Kite will not be executed during the special trading session.
The auction market will be closed.
Due to budget day risk, MTF leverage for securities will be 2x on Friday (January 31, 2025) and 3x on Saturday (February 1, 2025).

Best practices to ensure a smooth special trading session:

If you use CDSL T-PIN, ensure that you pre-authorise your holdings before the session opens on Saturday. Alternatively, you can enable DDPI to avoid using CDSL T-PIN. To learn how to enable DDPI, click here.
Ensure sufficient funds are transferred to your trading account before the special session, as high UPI transaction volumes are expected, which could potentially lead to delays in fund transfer.

For more details check the circulars here (NSE, BSE, MCX)

Suspension of trading – BGDL

Mon, 23 Dec 2024 10:12:50 +0530

The shares of Bharat Global Developers (BGDL) have been suspended from trading from December 23, 2024, due to SEBI order.

Suspended shares will not be visible in your holdings on Kite from December 24, 2024, but will show up in your Console holdings. To know more about what happens when a stock is suspended, check out our support article here.

For more details, you can check the circular here.

Adjustment of F&O contracts of NMDC on account of bonus.

Mon, 23 Dec 2024 08:15:07 +0530

As per the circular, effective from December 27, 2024, the NMDC F&O contracts will be revised based on the bonus adjustment factor.

Calculation of the adjustment factor: The adjustment factor for a bonus issue of A: B is defined as (A+B)/B. For NMDC Limited, the adjustment factor is (2+1)/1 = 1, since the bonus issue ratio of 2:1.

Adjustment for Futures Contracts:

Futures base price: The adjusted futures base price is arrived at by dividing the settlement price of the future one day before the ex-date by the adjustment factor.

Futures lot size: The adjusted market lot will be arrived at by multiplying the old market lot by the adjustment factor. The revised market lot would be 13500.

For example:

Assume you are holding a position in NMDC JAN FUT and on pre-ex-date (Dec 26, 2024) futures close at 210, on ex-date the price will be adjusted to 70 (Price on pre-ex-date: 210 / Adjustment Factor: 3)

While the lot size will be adjusted to 13500 (Current lot size: 4500 * Adjustment Factor: 3).

Adjustment for Options Contracts:

Strike Price: The adjusted strike price is calculated by dividing the old strike price by the adjustment factor.

Lot Size: The adjusted lot size is arrived at by multiplying the old market lot by the adjustment factor. The revised lot size would be 13500.

For example:

Assume you hold a position in NMDC Limited 200 CE, the current lot size is 4500. On ex-date, the 200 CE will be adjusted to 67 (Strike Price 200 / Adjustment Factor 3) and the lot size will be adjusted to 13500 (Current Lot Size: 4500 * Adjustment Factor 3).

Also, if you hold equity shares of NMDC in your demat account as of December 27, 2024, you will be entitled to receive the bonus shares, which will be credited to your demat account usually within 2 days from the record date.

Exclusion of Futures and Options contract on 16 Securities

Fri, 20 Dec 2024 21:57:45 +0530

As per the stock selection/exclusion criteria prescribed by SEBI, NSE will stop the introduction of fresh contracts in the following securities.

Sr. No	Symbol	Security Name
1	ABBOTINDIA	ABBOTT INDIA LIMITED
2	ATUL	ATUL LIMITED
3	BATAINDIA	BATA INDIA LIMITED
4	CANFINHOME	CAN FIN HOMES LIMITED
5	COROMANDEL	COROMANDEL INTERNATIONAL LIMITED
6	CUB	CITY UNION BANK LIMITED
7	GNFC	GUJARAT NARMADA VALLEY FERTILIZERS AND CHEMICALS LIMITED
8	GUJ GASLTD	GUJARAT GAS LIMITED
9	INDIAMART	INDIAMART INTERMESH LIMITED
10	IPCALAB	IPCA LABORATORIES LIMITED
11	LALPATHLAB	DR. LAL PATH LABS LTD.
12	METROPOLIS	METROPOLIS HEALTHCARE LIMITED
13	NAVINFLUOR	NAVIN FLUORINE INTERNATIONAL LIMITED
14	PVRINOX	PVR INOX LIMITED
15	SUNTV	SUN TV NETWORK LIMITED
16	UBL	UNITED BREWERIES LIMITED

Existing unexpired contracts of expiry months December 2024, January 2025, and February 2025 would continue to be available for trading till their respective expiry. No contracts shall be available for trading in the above-mentioned securities with effect from February 28, 2025.

Check this NSE circular for more information.