TaxTMI 
TaxTMI 
Trade controls in Normal Trading Session for Initial Public Offering (IPO) and other category of scrips.
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.... scrips. 1. SEBI vide circular no. SMD/SED/RCG/271/96 dated January 19, 1996, inter-alia, prescribed no price bands for scrips on the first day of trading pursuant to IPO. Further SEBI vide circular no SEBI/Cir/ISD/1/2010 dated September 2, 2010, interalia, prescribed no price bands on the first day of re-commencement of trading for scrips specified under para 1(c) (hereinafter referred to a....
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....scovered in the Call Auction, the price band in the normal trading session shall be 5% of the equilibrium price. ii. In case equilibrium price is not discovered in the Call Auction, the price band in the normal trading session shall be 5% of the issue price. iii. On Stock exchanges, not eligible to offer Call Auction, the reference price for price bands for the first day shall be - A. in ....
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....on shall be 20% of the equilibrium price. ii. In case equilibrium price is not discovered in the Call Auction, the price band in the normal trading session shall be 20% of the issue price. iii. On Stock exchanges, not eligible to offer Call Auction, the reference price for price bands for the first day shall be - A. in case equilibrium price is discovered in the Call Auction a....
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....Call Auction, the scrip shall continue to trade in call auction sessions until price is determined. 3. All other relevant provisions of the circular no. SMD/SED/RCG/271/96 dated January 19, 1996 and circular no. SEBI/Cir/ISD/1/2010 dated September 2, 2010 as amended from time to time, shall remain applicable. 4. Stock Exchanges are advised to: a. take necessary steps and put in plac....