| We write to inform you that pursuant to circulars CIR/MRD/DP/21/2010 dated July 15, 2010 and CIR/MRD/DP/32/2010 dated September 17, 2010 with respect to introduction of Call Auctions in Pre Open session, market timings for Equity, Futures & Option were changed from 9:00am to 9:15am.
Taking the above into consideration and via circulars CIR/MRD/DP/ 01/2012 and CIR/MRD/DP/ 02/2012dated 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. | | |
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