|
Issue size GREATER than Rs.250 cr. for IPOs |
Order level adjustment of upfront margins as applicable, against the latest available collateral |
As per existing process
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|
IPOs with Issue size LESS than Rs.250 cr. & Re-listed Securities |
Order level adjustment of upfront margins equivalent to 100% of the order value, against the latest available collateral |
- TFT segment for first 10 days - Trade level adjustment of upfront margins equivalent to 100% of the traded value, against latest available collateral
- From the 11th trading day onwards - As per existing process
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Price bands
| IPOs - Issue size GREATER than Rs.250 cr. |
NO Price Bands |
- Equilibrium Price discovered - 20% of Equilibrium Price
- Equilibrium Price NOT discovered - 20% of Issue Price
|
| IPOs - Issue size LESS than Rs.250 cr. |
NO Price Bands |
- Equilibrium Price discovered - 5% of Equilibrium Price
- Equilibrium Price NOT discovered - 5% of Issue Price
|
| Re-listed Securities |
NO Price Bands |
- Equilibrium Price discovered - 5% of Equilibrium Price
|
|
Setting up of Market watch for IPO/ Re-listed Securities on Touchline:
BOLT TWS will generate a SPR file in BOLTNTSBT folder at the time of downloading latest Security master. This SPR file will contain securities for IPO & Re-listed Securities on that trading day. The BOLTNTSBT folder shall always have two files available with naming convention as mentioned below -
IPORelist_ddmmyyyy_c: For current day file
IPORelist_ddmmyyyy_p: For previous day file
Date of SPR file will be shown as date of Security master generation. This file can be loaded through Security profile window to display Securities under special Pre- opening session on that day in Touchline.
In addition to this, current market depth window will have following indicator on title bar for IPO & Re-listed Securities.
- SPOS-IPO (For IPO securities)
- SPOS-Relist (For Relist securities)
