Notice No.   20170516-26   Notice Date   16 May 2017
Category   Trading   Segment   Equity
Subject   Trading in Infrastructure Investment Trusts (InvITs)

Trading Members of the Exchange are hereby informed that the exchange shall be introducing two new group namely “IF” and “IT” to enable trading in the units of Infrastructure Investment Trust (InvITs) pursuant to SEBI (Infrastructure Investment Trusts) Regulations, 2014 and subsequent guidelines thereto. The trading parameters for units of Infrastructure Investment Trusts (InvITs) are as follows:




Market Sessions

Units shall be available for trading in Pre-Open, Continuous & Closing session


“IF” group for normal/rolling settlement and “IT” group for trade to trade settlement

Price bands

+/-20% (IPO >250 crs)  and +/-5% (IPO <250 crs)

Tick Size


Permitted lot size

(Market Lot)

No of units equivalent to minimum Rs. 5 Lakhs based on the price at the time of introduction.

The lot size shall be revised every six months or on any corporate action whichever is earlier

Single order value limit for normal window

Rs.10 Crores


VaR based margins to be levied 

Transaction Charges

Transactions charges will be levied on Transaction Value. It is Rs.275/- per crore: Transaction Charges for ODD Lot Trade Rs.275 /cr

Transaction Charges for Auction Trade Rs.275/cr

Settlement of Securities

Settlement will be done on Normal basis if the scrip is in “IF” Group and on Trade to Trade basis if scrip is in “IT” Group. Settlement shortages in case of the securities traded in “IT” Group (on gross basis) will be directly closed out

Auction of Securities

Auction is allowed in IF group

Block Deal

Available in block deal trading window.

Order entry in block trading window shall be in multiples of applicable lot size

In case trading members require any clarification on the subject matter of the notice, they may please contact the Mr. Bhushan Mokashi on Tel. No. 022 2272 8406 and Ms. Rupal Khandelwal Tel. No. 022 2272 8262.




Girish Joshi                                                                                                                                        Rupal Khandelwal

Sr. General Manager                                                                                                                      Manager