Trading Members of the Exchange are hereby informed that the Exchange shall enable Trading in the units of Real Estate Investment Trusts (REITs) pursuant to SEBI (Real Estate Investment Trusts) Regulations, 2014 and subsequent guidelines issued thereto in the existing groups namely “IF” for normal/rolling settlement and “IT” for Trade to Trade settlement. The trading parameters for units of Real Estate Investment Trusts (REITs) are as follows:
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Particulars
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Description
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Market Sessions
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Units shall be available for trading in Pre-Open, Continuous & Closing session
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Group
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“IF” group for normal/rolling settlement and “IT” group for trade to trade settlement
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Price bands
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+/-20% (IPO >250 crs) and +/-5% (IPO <250 crs)
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Face Value (Rs.)
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Face Value is not applicable for units of REITs
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Tick Size
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Rs.0.01
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Permitted lot size
(Market Lot)
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Rs.1 lac divide by issue price with rounding off in such a way to remain above Rs.1 lac
The Lot size shall be revised/reviewed by Exchange from time to time.
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Single order value limit for normal window
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Rs.10 Crores
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Margin
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VaR based margins to be levied
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Transaction Charges
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Transactions charges will be levied similar to Equity Segment
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Settlement of Securities
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Settlement will be done on Normal basis if the scrip is in “IF” Group and on Trade to Trade basis if scrip is in “IT” Group. Settlement shortages in case of the securities traded in “IT” Group (on gross basis) will be directly closed out
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Auction of Securities
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Auction is allowed in IF group
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Block Deal
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Timings – Block deal windows shall be available on all trading days in Equity segment as follows –
a. Morning Block Deal Window - This window shall operate between 08:45 AM to 09:00 AM.
b. Afternoon Block Deal Window - This window shall operate between 02:05 PM to 2:20 PM.
The minimum order size for execution of trades in the block deal window shall be Rs.10 Crore.
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In case trading members require any clarification on the subject matter of the notice, they may please contact the Mr. Bhushan Mokashi on Tel. No. 022 2272 8406 and Ms. Rupal Khandelwal Tel. No. 022 2272 8262.
Rupal Khandelwal Sameer Vaze
Manager Senior Manager
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