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 ..... other category of scrips. 1. SEBI vide circular no. SMD/SED/RCG/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) (herein ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ase equilibrium price is discovered in the Call Auction, the price band in the normal trading session 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 fir ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the normal trading session shall be 20% 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 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 C ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the Call Auction, the scrip shall continue to trade in call auction sessions until price is determined. 3. All other relevant 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
