TMI BlogCall Auction in Pre-open session for Initial Public Offering (IPO) and other category of scripsX X X X Extracts X X X X X X X X Extracts X X X X ..... Mumbai - 400001 The Managing Director National Stock Exchange of India Ltd. Exchange Plaza, Bandra Kurla Complex Bandra (E) Mumbai - 400 051 Dear Sir, Sub: Call Auction in Pre-open session for Initial Public Offering (IPO) and other category of scrips 1. SEBI, vide circular no. CIR/MRD/DP/21/2010 dated July 15, 2010 introduced ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ich 45 minutes shall be allowed for order entry, order modification and order cancellation, 10 minutes for order matching and trade confirmation and the remaining 5 minutes shall be the buffer period to facilitate the transition from preopen session to the normal trading session. The session shall close randomly during last one minute of order entry i.e. anytime between 44th and 45th minute of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ions of SEBI circulars and letter mentioned at para 1 above shall apply. d . Un-matched orders i. In case equilibrium price is discovered, all outstanding orders shall be moved to the normal trading session at their limit price. ii. In case equilibrium price is not discovered, all orders shall be cancelled and the scrip shall continue to trade in call auction mechanism until price is det ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... date of issuance of this circular. The date of commencement of pre-open session for all eligible scrips shall be uniform between both the stock exchanges. 8. SEBI vide circular no CIR/MRD/DP/02/2012 dated January 20, 2012 has prescribed the Trade Controls applicable to trading of IPO and Re-listed scrips in the normal trading session. 9. Stock Exchanges are advised to: . a. take necessar ..... X X X X Extracts X X X X X X X X Extracts X X X X
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