Fw: Pre-open - IPO session

 



Dear Customer, We write to inform you that pursuant to the previous intimation received from the Exchange with respect to introduction of Call Auctions the Pre Open session timings for Equity, Futures & Option were changed from 9:00am to 9:15am - Click here for complete details. Taking the above into consideration and via circulars CIR/MRD/DP/ 01/2012 and CIR/MRD/DP/ 02/2012 dated January 20, 2012 the Exchange has now decided to extend the Call Auction mechanism to IPO's (New and Relisted Scrips) on the first day of trading /re-commencement. Important things to know; What is Call Auction in Pre Open session for IPOs (New listing) and Re-listed Scrips? It is basically a mechanism to determine the Opening Price based on aggregated supply and demand for the underlying on the first day of trading/ re-commencement of trading. What are the timings for the Call Auction Pre Open session for IPOs (New listing) and Re-listed Scrips? The session would commence for 60 minutes between 9:00am and 10.00 am out of which order placement in the Pre Open session would be allowed for the first 45 minutes only. The rest of the time would be utilized for exchange related functions as illustrated in the indicative schedule mentioned below. SESSION TIME ACTION EXCHANGE STATUS Exchange Call auction in Pre Open session for IPOs (New listing) and Re-listed Scrips Order Entry Period. 9:00am - 9:44/45am (approx) Orders for new listings (IPO) and re-listed scrip's can be placed /modified /cancelled in the Call auction in Pre Open session. Open Exchange Call auction Pre Open session for IPOs (New listing) and Re-listed Scrips Order Matching & Confirmation Period. 9:45am - 9:55am Order placement /modification /cancellation in the call auction in Pre Open session will be stopped. Opening price determination, order matching & trade confirmation starts at Exchange. Open Buffer Period. 9:55am - 10:00am To facilitate transition between call auction in pre open and continuous trading session. Open Continuous Trading for IPOs (New listing) and Re-listed Scrips 10:00am - 3:30pm Exchange would move all unmatched market orders to the continuous session at the opening price. Open Kindly feel free to contact our customer service department at 1800-22-7500 /39707500 or write us at myaccount@sharekhan.com in case of queries. Alternatively you could also get in touch with your nearest Sharekhan Branch Regards Team Sharekhan