We hereby notify you that SEBI has prescribed to conduct pre-open session through call auction trading mechanism for Initial Public Offering and Re-Listed Scrips to determine the equilibrium price for IPO and Re-Listed Securities in the Capital Market Trading Segment.
NSE and BSE have introduced pre-open session through call auction trading mechanism for IPO and Re-Listed scrips.
Special Pre-Open session (SPOS) for IPO/Re-Listed scrips shall be for duration of 60 minutes i.e. from 9:00am – 10:00am for scrips participating in that session and shall be followed by continuous trading session. In other words, while the continuous trading session is on for all other scrips, SPOS for those IPO/Re-listed scrips shall go on concurrently.
The timings of the Special Pre-Open Session for IPO and Re-Listed scrips for both NSE and BSE will be as follows:
VERDICT
This is a positive development as it means that unscrupulous promoters will not be jack up their prices of stocks arbitrarily.
For More Information on Special Pre-open session for IPO/Re-Listed, please refer to links NSE SPOS and BSE SPOS
How Indiabulls has acted to be in sync with the Requirements?
PIB-Power Indiabulls has been enriched with the mechanism to participate and trade in IPO/Relisted scrips during Special Pre-Open session introduced by both NSE and BSE. Post-login, you can view list of scrips available for trading in SPOS, in Pre-Open scrips window, under CM trading menu.
You can access this feature by downloading the latest version of PIB (version 5.2.0.1) from
http://power.indiabulls(dot)com/download.html
NOTE: -
- Kindly note that above-mentioned functionality have been taken care of in the latest version of PIB (version 5.2.0.1), which is a COMPULSORY version.
- In case of any queries, you can call at our Client helpline number (0124-4572444) between 9.00 A.M to 6.00 P.M from Monday to Friday (except trading holidays) or e-mail us at helpdesk@indiabullscom ;
Grievances email id: grievances_ibsl@indiabullscom
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