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mportant things to know;
What is Call Auction in Pre Open session for IPOs (New listing) and Re-listed Scrips?
It is basically a mechanism to determine the Opening Price based on aggregated supply and demand for the underlying on the first day of trading/ re-commencement of trading.
What are the timings for the Call Auction Pre Open session for IPOs (New listing) and Re-listed Scrips?
The session would commence for 60 minutes between 9:00am and 10.00 am out of which order placement in the Pre Open session would be allowed for the first 45 minutes only. The rest of the time would be utilized for exchange related functions as illustrated in the indicative schedule mentioned below. |
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| SESSION | TIME | ACTION | EXCHANGE STATUS |
| Exchange Call auction in Pre Open session for IPOs (New listing) and Re-listed Scrips Order Entry Period. | 9:00am - 9:44/45am (approx) | Orders for new listings (IPO) and re-listed scrip's can be placed /modified /cancelled in the Call auction in Pre Open session. | Open |
| Exchange Call auction Pre Open session for IPOs (New listing) and Re-listed Scrips Order Matching & Confirmation Period. | 9:45am - 9:55am | Order placement /modification /cancellation in the call auction in Pre Open session will be stopped.
Opening price determination, order matching & trade confirmation starts at Exchange. | Open |
| Buffer Period. | 9:55am - 10:00am | To facilitate transition between call auction in pre open and continuous trading session. | Open |
| Continuous Trading for IPOs (New listing) and Re-listed Scrips | 10:00am - 3:30pm | Exchange would move all unmatched market orders to the continuous session at the opening price. | Open |
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