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Call auction in pre-open session extended to IPOs and re-listed scrips, with order restrictions and risk-management checks enforced. SEBI requires a 60-minute pre-open session call auction on the first trading day for IPO and specified re-listed scrips: order entry, order matching and buffer phases; market orders are prohibited and no price bands apply; matched orders follow existing order-matching and risk-management rules; unmatched IPO orders move to normal trading at limit price while unmatched re-listed orders are either moved or cancelled depending on equilibrium price discovery.
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Call auction in pre-open session extended to IPOs and re-listed scrips, with order restrictions and risk-management checks enforced.
SEBI requires a 60-minute pre-open session call auction on the first trading day for IPO and specified re-listed scrips: order entry, order matching and buffer phases; market orders are prohibited and no price bands apply; matched orders follow existing order-matching and risk-management rules; unmatched IPO orders move to normal trading at limit price while unmatched re-listed orders are either moved or cancelled depending on equilibrium price discovery.
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