What are the trading hours for a stock on its listing day?

What are the trading hours for a stock on its listing day?

On the listing day of stock, trading hours are typically structured differently due to the Call Auction mechanism implemented by exchanges. Here's a breakdown of the trading hours for a stock on its listing day following the SEBI circular:

Call Auction Mechanism:

·        The Call Auction mechanism is extended to IPOs (New and Relisted Scrips) on the first day of trading/re-commencement.

·        It determines the Opening Price based on aggregate supply and demand for the underlying listing day.

·        The session lasts for 60 minutes, from 09:00 AM to 10:00 AM.

Pre-Open Session:

·        Order placement in the Pre-Open session is allowed for the first 45 minutes, from 09:00 AM to 09:45 AM.

·        During this time, investors can place orders to determine the stock's opening price.

Exchange-Related Functions:

·        The remaining 15 minutes, from 09:45 AM to 10:00 AM, are utilised for exchange-related functions.

·        This includes any necessary administrative tasks or preparations before the stock begins trading regularly.

·        This structure ensures a fair and orderly process for determining the opening price of newly listed stocks and allows for a smooth transition into regular trading hours.


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