9911796707
TMI BlogTrade controls in Normal Trading Session for Initial Public Offering (IPO) and other category of scrips.X X X X Extracts X X X X X X X X Extracts X X X X ..... 271/96 dated January 19, 1996, inter-alia, prescribed no price bands for scrips on the first day of trading pursuant to IPO. Further SEBI vide circular no SEBI/Cir/ISD/1/2010 dated September 2, 2010, interalia, prescribed no price bands on the first day of re-commencement of trading for scrips specified under para 1(c) (hereinafter referred to as Re-listed scrips) of the said circular. 2. In lig ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ession shall be 5% of the equilibrium price. ii. In case equilibrium price is not discovered in the Call Auction, the price band in the normal trading session shall be 5% of the issue price. iii. On Stock exchanges, not eligible to offer Call Auction, the reference price for price bands for the first day shall be - A. in case equilibrium price is discovered in the Call Auction at BSE/NSE, the p ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... scovered in the Call Auction, the price band in the normal trading session shall be 20% of the issue price. iii. On Stock exchanges, not eligible to offer Call Auction, the reference price for price bands for the first day shall be - A. in case equilibrium price is discovered in the Call Auction at BSE/NSE, the price band in the normal trading session shall be 20% discovered equilibrium price. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t provisions of the circular no. SMD/SED/RCG/271/96 dated January 19, 1996 and circular no. SEBI/Cir/ISD/1/2010 dated September 2, 2010 as amended from time to time, shall remain applicable. 4. Stock Exchanges are advised to: a. take necessary steps and put in place necessary systems for implementation of the above. b. make necessary amendments to the relevant bye-laws, rules and regulations ..... X X X X Extracts X X X X X X X X Extracts X X X X
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