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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:
Session | Time | Description |
Order Entry Period | 9:00 a.m - 9:45 a.m |
|
Order matching and Confirmation Period | 9:45 a.m – 9:55 a.m |
|
Buffer Period | 9:55 a.m – 10:00 a.m |
|
Continuous Trading Period (IPO/Relisted scrip) | 10:00 a.m - 3:30 p.m |
|