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Announcements on #Orders
Thursday, November 3, 2022 5:51 pm
As per NSE’s latest guidelines on placing limit orders for Index Options (NIFTY 50, BANK NIFTY and FINNIFTY) the following changes would apply from the next trading session:
- Your limit order for Index Options will be rejected by the Exchange if the entered limit price goes beyond the below specified limit prices:
For LTP Less than or equal to ₹50
Buy orders - Price cannot be greater than ₹20 from the LTP
Sell orders - Price cannot be lower than ₹20 from the LTP
For LTP greater than ₹50
Buy orders - Price cannot be greater than 40% of LTP
Sell orders - Price cannot be lesser than 40% of LTP
- In such an instance, you will see this error message: **“17070:The Price is out of the current LPP range”** on our app/web platforms
- Changes will come into effect from 31st October 2022
Kindly observe the above changes before placing orders in Index Options to avoid order rejections. You can refer to the Exchangecircular here: LINK.
Wednesday, July 6, 2022 8:23 pm
To comply with a recent SEBI mandate on the discontinuation of a pool account for Stock and Mutual Fund related transactions, keep the following in mind:
- While using UPI payment mode for Mutual Fund investments, if you face 'Contact number required' error, try the NetBanking mode or retry after 2 working days.
- While using NetBanking payment mode for Mutual Fund investments, if you face an ‘Invalid bank account’ error, try with another bank account.
- Ignore emails or SMS from BSE which have payment links. Payment should be done on the Upstox portal.
What is the SEBI mandate about?
While you can invest in a Mutual Fund from the Upstox platform, the funds for buying Mutual Fund units will be deducted directly from your registered bank account. And on redemption of these units, they will be credited to your registered bank account.
To learn more, refer to our announcement here: SEBI discontinuation of pool account for Mutual Funds - Upstox
Thursday, November 17, 2022 2:19 pm
NSE will be revising the lot size of 66 stock F&O contracts from May 2022.
**Why is this revision happening?**SEBI mandates that the contract value of all F&O contracts remain between ₹5 - ₹10 Lakhs. Hence after NSE’s periodic review (every 6 months), if the contract value of stock F&O contracts is beyond this range, there is an upward or downward revision in its lot size.
As per this revision, here are the 12 stock F&O contracts whose lot size will reduce from May 2022 expiry date onwards:
| Sr. No. | Underlying Stock | F&O Symbol | Present Market Lot | Revised Market Lot |
|---|---|---|---|---|
| 1. | BANK OF BARODA | BANKBARODA | 11700 | 5850 |
| 2. | BATA INDIA LIMITED | BATAINDIA | 550 | 275 |
| 3. | CANARA BANK | CANBK | 5400 | 2700 |
| 4. | JINDAL STEEL & POWER LIMITED | JINDALSTEL | 2500 | 1250 |
| 5. | UNITED SPIRITS LIMITED | MCDOWELL-N | 1250 | 625 |
| 6. | NATIONAL ALUMINIUM COMPANY LIMITED | NATIONALUM | 8500 | 4250 |
| 7. | NMDC LIMITED | NMDC | 6700 | 3350 |
| 8. | OIL & NATURAL GAS CORPORATION LIMITED | ONGC | 7700 | 3850 |
| 9. | PAGE INDUSTRIES LIMITED | PAGEIND | 30 | 15 |
| 10. | TATA MOTORS LIMITED | TATAMOTORS | 2850 | 1425 |
| 11. | TATA POWER COMPANY LIMITED | TATAPOWER | 6750 | 3375 |
| 12. | VEDANTA LIMITED | VEDL | 3100 | 1550 |
Here are the 52 stock F&O contracts whose lot size will increase from July 2022 expiry dates onwards:
| Sr. No. | Underlying Stock | F&O Symbol | Present Market Lot | Revised Market Lot |
|---|---|---|---|---|
| 1 | NESTLE INDIA LIMITED | NESTLEIND | 25 | 40 |
| 2 | ABBOTT INDIA LIMITED | ABBOTINDIA | 25 | 40 |
| 3 | COFORGE LIMITED | COFORGE | 100 | 150 |
| 4 | INDIAMART INTERMESH LIMITED | INDIAMART | 75 | 150 |
| 5 | DIVI’S LABORATORIES LIMITED | DIVISLAB | 100 | 150 |
| 6 | ORACLE FINANCIAL SERVICES SOFTWARE LIMITED | OFSS | 125 | 200 |
| 7 | ASIAN PAINTS LIMITED | ASIANPAINT | 150 | 200 |
| 9 | DR. LAL PATH LABS LTD. | LALPATHLAB | 125 | 250 |
| 10 | JK CEMENT LIMITED | JKCEMENT | 175 | 250 |
| 11 | HDFC ASSET MANAGEMENT COMPANY LIMITED | HDFCAMC | 200 | 300 |
| 12 | BALKRISHNA INDUSTRIES LIMITED | BALKRISIND | 200 | 300 |
| 13 | METROPOLIS HEALTHCARE LIMITED | METROPOLIS | 200 | 300 |
| 14 | INTERGLOBE AVIATION LIMITED | INDIGO | 250 | 300 |
| 15 | WHIRLPOOL OF INDIA LIMITED | WHIRLPOOL | 250 | 350 |
| 16 | DALMIA BHARAT LIMITED | DALBHARAT | 250 | 500 |
| 17 | UNITED BREWERIES LIMITED | UBL | 350 | 400 |
| 18 | MULTI COMMODITY EXCHANGE OF INDIA LIMITED | MCX | 350 | 400 |
| 19 | TATA COMMUNICATIONS LIMITED | TATACOMM | 400 | 500 |
| 20 | SHRIRAM TRANSPORT FINANCE COMPANY LIMITED | SRTRANSFIN | 400 | 600 |
| 21 | IPCA LABORATORIES LIMITED | IPCALAB | 450 | 650 |
| 22 | SBI CARDS AND PAYMENT SERVICES LIMITED | SBICARD | 500 | 800 |
| 23 | COROMANDEL INTERNATIONAL LIMITED | COROMANDEL | 625 | 700 |
| 24 | MAHANAGAR GAS LIMITED | MGL | 600 | 800 |
| 25 | TATA CONSUMER PRODUCTS LIMITED | TATACONSUM | 675 | 900 |
| 26 | GODREJ CONSUMER PRODUCTS LIMITED | GODREJCP | 500 | 1000 |
| 27 | BHARAT FORGE LIMITED | BHARATFORG | 750 | 1000 |
| 28 | AUROBINDO PHARMA LIMITED | AUROPHARMA | 750 | 1000 |
| 29 | CONTAINER CORPORATION OF INDIA LIMITED | CONCOR | 800 | 1000 |
| 30 | WIPRO LIMITED | WIPRO | 800 | 1000 |
| 31 | SYNGENE INTERNATIONAL LIMITED | SYNGENE | 850 | 1000 |
| 32 | MARICO LIMITED | MARICO | 1000 | 1200 |
| 33 | ICICI PRUDENTIAL LIFE INSURANCE COMPANY LIMITED | ICICIPRULI | 750 | 1500 |
| 34 | CROMPTON GREAVES CONSUMER ELECTRICALS LIMITED | CROMPTON | 1100 | 1500 |
| 35 | ZYDUS LIFESCIENCES LIMITED | ZYDUSLIFE | 1100 | 1800 |
| 36 | STRIDES PHARMA SCIENCE LIMITED | STAR | 900 | 1800 |
| 37 | GRANULES INDIA LIMITED | GRANULES | 1550 | 2000 |
| 38 | AMBUJA CEMENTS LIMITED | AMBUJACEM | 1500 | 1800 |
| 39 | GUJARAT STATE PETRONET LIMITED | GSPL | 1700 | 2500 |
| 40 | RAIN INDUSTRIES LIMITED | RAIN | 2500 | 3500 |
| 41 | APOLLO TYRES LIMITED | APOLLOTYRE | 2500 | 3500 |
| 42 | INDIABULLS HOUSING FINANCE LIMITED | IBULHSGFIN | 3100 | 4000 |
| 43 | MOTHERSON SUMI SYSTEMS LIMITED | MOTHERSUMI | 3500 | 4500 |
| 44 | RBL BANK LIMITED | RBLBANK | 2900 | 5000 |
| 45 | FIRSTSOURCE SOLUTIONS LIMITED | FSL | 2600 | 5200 |
| 46 | CITY UNION BANK LIMITED | CUB | 3400 | 5000 |
| 47 | MANAPPURAM FINANCE LIMITED | MANAPPURAM | 3000 | 6000 |
| 48 | ASHOK LEYLAND LIMITED | ASHOKLEY | 4500 | 5000 |
| 49 | ADITYA BIRLA CAPITAL LIMITED | ABCAPITAL | 4400 | 5400 |
| 50 | STEEL AUTHORITY OF INDIA LIMITED | SAIL | 4750 | 6000 |
| 51 | IDFC FIRST BANK LIMITED | IDFCFIRSTB | 11100 | 15000 |
| 52 | NBCC (INDIA) LIMITED | NBCC | 12000 | 15000 |
Here are the 2 stock F&O contracts whose lot size will reduce but not in multiples of the old lot size:
| Sr. No. | Underlying Stock | F&O Symbol | Present Market Lot | Revised Market Lot |
|---|---|---|---|---|
| 1 | LARSEN & TOUBRO LIMITED | LT | 575 | 300 |
| 2 | POWER GRID CORPORATION OF INDIA LIMITED | POWERGRID | 5333 | 2700 |
Keep in mind:
Due to a stock split, the existing lot size for Jubilant Foods was revised to 625 from 125. The lot size will be revised to 1250 from 625 for July 2022 expiry date onwards.
Refer to the Exchange announcement here: LINK.
- The lot size for 133 stock F&O contracts will remain unchanged. Refer to the Exchange announcement here: LINK.
Thursday, March 31, 2022 12:15 pm
As per a Government of India circular dated 30th March 2022, you need to link your PAN to your Aadhaar before 31st March, 2023 now.
Earlier the deadline for the same was 31st March 2022. However, the government has now extended this deadline to 31st March 2023.
If you do not link your PAN to your Aadhaar before this date, you may not be allowed to trade from 1st April, 2023 onwards and your PAN shall be considered as invalid.
We have now unblocked your account and you can now access it for trades and investments,
To link your PAN to your Aadhaar card, visit Income Tax Portal
Steps on linking PAN to Aadhaar: Link Aadhaar User Manual | Income Tax Department
Tap here to know more: NSE
Tuesday, March 29, 2022 9:10 pm
As per the Exchange circular dated 9th March 2022, you need to link PAN to your Aadhaar before 31st March, 2022.** If you do not link your PAN to your Aadhaar:**
-
You will not be allowed to trade from 1st April, 2022 onwards and your PAN will be considered as invalid.
- Additionally, you will not be able to place any fresh orders, but you will only be able to exit/ square-off any open positions till 30th March 2022.
To link your PAN to your Aadhaar card, click here
Steps on linking PAN to Aadhaar: Link Aadhaar User Manual | Income Tax Department
Tuesday, January 11, 2022 5:36 pm
Motherson Sumi Systems Limited (MOTHERSUMI) declared to the Exchange the issuance and allotment of 1 equity share of Re. 1 each of Motherson Sumi Wiring India Limited for every 1 equity share of Re. 1 each to shareholders of Motherson Sumi Systems Limited.
The record date for the purpose of determining shareholders who will be applicable for this is 17th January 2022.
Due to this corporate action, keep in mind the following impact on your F&O contracts
-
All existing contracts in the underlying MOTHERSUMI i.e. contracts with expiry dates 27th January, 2022, 24th February, 2022 and 31st March, 2022 shall expire on 13th January 2022.
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The settlement methodology will be communicated separately by the Clearing Corporations
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F&O contracts on MOTHERSUMI (with expiry 27th January, 2022, 24th February, 2022 and 31st March, 2022) will be introduced again from ex-date 14th January, 2022.
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The list of option strikes from which specific strike prices would be made available for trading on 14th January, 2022 will be communicated through a separate circular to be issued on 13th January, 2022 aftermarket hours.
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You need to maintain the full value of the MOTHERSUMI position contract if you wish to take physical delivery of shares.
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No fresh position will be allowed under the F&O segment in MOTHERSUMI on 12th January 2022 & 13th January 2022
-
MOTHERSUMI positions with insufficient fund value or stock (in case of short position) will be squared off anytime after 11:00 AM on 13th January 2022 on best effort basis.
-
Delivery margins would be applicable on your MOTHERSUMI Long ITM stock options position(s) from 11th January 2022 as per the Exchange settlement mechanism Hence, to avoid penalties due to shortage, maintain sufficient funds by EOD daily till 13th January 2022.
For more details, refer to the circular here.
Friday, May 21, 2021 7:17 pm
Mr. Subhash Chander Khaneja has made an offer to buy-back up to 15,25,808 equity shares of Integrated Financial Services Ltd. at a floor price of Rs. 32.54 per equity shares through a reverse book-building process (delisting of shares). You can apply for this offer at the floor price or above it, between 19th May 2021 to 25th May 2021.
Read on to know how you can apply for this offer quickly and easily -
What isa reverse book-building process (delisting of shares)?
A company can delist its shares through a buy-back using the reverse book building process. In this process, the company captures sell orders online from shareholders at various prices, above or equal to the floor price. And once the offer window closes the buy-back price is determined. To know more about this click here.
What does this offer mean for Integrated Financial Services Ltd. shareholders? Reverse book-building or delisting of shares gives existing shareholders a chance to offer their shares at or above the floor price, through an online bidding system. This means existing shareholders of Integrated Financial Services Ltd. can opt to sell their shares at a price higher or equal to Rs. 32.54.
How to apply for a delisting? Just follow these steps:
- Login into keystone.upstox.com with your client code and back-office password
- Click on “Account” on the top of the header line
- Click on “Buy Back/ Takeover” from the drop-down
- Click on “Apply” and enter the quantity
Submit the request
*Note: Non-POA holders will need to enter a valid pin to authenticate the takeover via EDIS to proceed. *
When can you apply?
Apply for this before 2 PM on 25th May 2021.
What to keep in mind while applying?
-
You shouldn’t sell these shares on or before 25th May 2021 if you’re interested to take part in this offer.
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After applying and offering your shares you cannot sell them in the market and modify or cancel your original bid.
-
You can only sell these shares in the market If the company cancels the offer and you receive your shares back from the company.
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You will receive the offer amount for the shares from Integrated Financial Services Ltd./ Registrar & Transfer Agent (RTA) directly into your bank account (this will be updated in the records of the depository as well).
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A total of 15,25,808 shares will be accepted by Integrated Financial Services Ltd. for the buy-back and the remaining shares not accepted by Integrated Financial Services Ltd. will be returned back to shareholders in their Demat account.
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Integrated Financial Services Ltd. will credit the payment for the accepted shares and the unaccepted shares will be returned to the user's Demat accounts within 10 days from the date of offer closure i.e. 25th May 2021.
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The percentage of shares accepted will be decided based on the number of retail investors who have applied for the offer.
-
That’s all about the Integrated Financial Services Ltd. delisting, stay tuned for more updates from Upstox!
Thursday, November 3, 2022 1:34 pm
**Majesco Limited. Takeover A urum Platz IT Private Limited has decided to acquire (takeover) up to 74,43,720 equity shares of Majesco Limited at a price of Rs. 77 per equity shares between 20th May 2021 to 3rd June 2021.
Read on to know how you can apply for it quickly and easily -
What is a takeover and why should you opt for it?
It’s a corporate action where a company or group of companies offers to buy or acquire shares of another company in order to gain enough control in that company. In this case, Aurum Platz IT Private Limited has decided to acquire shares of Majesco Limited. To learn more about a takeover, click here.
**What does this offer mean forMajescoLimited shareholders?**A takeover is usually done at a higher price than the market price, thus giving shareholders a chance to sell their shares at a higher price.
Existing Majesco Limited shareholders holding Majesco Limited shares can offer to sell their shares for Rs. 77 per equity share by applying to this takeover offer before 2 PM on 3rd June 2021.
How to apply for a takeover? Just follow these steps:
- Login into keystone.upstox.com with your client code and back-office password
- Click on “Account” on the top of the header line
- Click on “Buy Back/ Takeover” from the drop-down
- Click on “Apply” and enter the quantity
- Submit the request
*Note: Non-POA holders will need to enter a valid pin to authenticate the takeover via EDIS to proceed. *
When can you apply?
Apply for this takeover before 2 PM on 3rd June 2021.
What to keep in mind while applying?
-
You shouldn’t sell these shares on or before 3rd June 2021 if you’re interested to take part in the takeover offer.
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After applying and offering your shares up for a takeover, you cannot sell them in the market and modify or cancel your original bid.
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You can only sell these shares in the market If the company cancels the takeover and you receive your shares back from the company.
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You will receive the takeover amount for the shares from Majesco Limited/ Registrar & Transfer Agent (RTA) directly into your bank account (this will be updated in the records of the depository as well).
-
A total of 74,43,720 shares will be accepted by Majesco Limited for the takeover and the remaining shares not accepted by Majesco Limited will be returned back to shareholders in their Demat account.
-
Majesco Limited will credit the payment for the accepted shares and the unaccepted shares will be returned to the user's Demat accounts within 10 days from the date of offer closure i.e. 3rd June 2021.
-
The percentage of shares accepted will be decided based on the number of retail investors who have applied for the takeover.
-
That’s all about the Majesco Limited takeover, stay tuned for more takeover updates from Upstox!
Friday, May 21, 2021 6:10 pm
The SIS Ltd. buy-back offer of Rs. 550 per share is LIVE on the Upstox platform till 27th May 2021.
Read on to know what this means and how you can apply for it quickly and easily -
What is a buy-back and why should you opt for it?
It’s a corporate action where a company offers to buy-back its shares from the existing shareholders usually at a higher price than the market price. To learn more about a buy-back, click here.
What does this offer mean for SIS Ltd. shareholders? Existing SIS Ltd. shareholders holding SIS Ltd. as of 9th April 2021 (which is the Record date) can offer to sell their shares back to SIS Ltd. for Rs. 550 per share by applying to their buy-back offer on or before 27th May 2021.
How to apply for a buy-back? Just follow these steps:
- Login into keystone.upstox.com with your Upstox User ID and password
- Click on “Account” on the top of the header line
- Click on “Buy Back/ Takeover” from the drop-down
- Click on “Apply” and enter the quantity
- Submit the request
*Note: Non-POA holders will need to enter a valid pin to authenticate the buy-back via EDIS to proceed. *
When can you apply?
Apply for this buy-back on or before 27th May 2021.
What to keep in mind while applying?
-
You can only apply for this buy-back if you hold shares of SIS Ltd. in your Demat account as on 9th April 2021.
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You shouldn’t sell these shares on or before 27th May 2021 if you’re interested to take part in the buy-back offer.
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After applying and offering your shares up for a buy-back, you cannot sell them in the market and modify or cancel your original bid.
-
You can only sell these shares in the market If the company cancels the buy-back and you receive your shares back from the company.
-
You will receive the buy-back amount for the shares from SIS Ltd. / Registrar & Transfer Agent (RTA) directly into your bank account (this will be updated in the records of the depository as well).
-
A total of 18,18,181 shares will be accepted by SIS Ltd. for the buyback and the remaining shares not accepted by SIS Ltd. will be returned back to shareholders in their Demat account. The percentage of shares accepted will be decided based on the number of retail investors who have applied for the buyback.
-
That’s all about the SIS Ltd. buy-back, stay tuned for more buy-back updates from Upstox!
Tuesday, July 11, 2023 3:42 pm
We’ve brought back Cover Orders (CO) for Intraday Equity and Futures trading. You can even avail up to 5x margins on such orders.
Read on to know more.
What is a Cover Order (CO)? This is a special order type that is a combination of a market/limit order and a stop-loss order. It has 2 legs: the first leg is always a limit/market order and the second leg is a stop-loss order.
In case the 1st leg is a buy (market/limit) order then your second leg would be a sell (stop-loss) order. In case the 1st leg is a sell (market/limit) order then your second leg would be a buy (stop-loss) order. Both orders are interconnected. The order can be modified up to the last traded price (LTP) in the case of a favorable market movement.
What are the benefits of placing such an order? Cover orders have a major advantage in terms of the margin you get for placing that trade. Currently you can avail up to 5x margins on Equities and 2x on Futures CO. To know more about our margins click here.
Just like all Intraday orders auto square off for cover orders takes place at 3:00 PM.
How to place a CO on Upstox? To place a CO for Intraday Equities and Futures trading, you’ll need to select ‘CO’ under ‘Order Complexity’ from the order entry screen. You will need to enter the Limit Price and the Stop-Loss price while placing a CO.
Make the most of this update while trading and limit your losses!
