NSE cuts lot sizes of 75 SME stocks - The Hindu BusinessLine thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
The derivative lot size for 42 stocks will be decreased, effective from April 26 for expiries in May 2024 and beyond. Key stocks impacted include Adani Ports, Bharti Airtel, BHEL, SBI, and L&T.
Sona Machinery shares debut on NSE SME at Rs 125 (12.6% discount from Rs 143 offer price). IPO was subscribed 254 times, to raise Rs 52 crore. The diversified company manufactures agro-processing equipment including Grains Pre-Cleaner machines, Rotary Drum Cleaner, Vibro Classifiers, and Stone Separator.
Of the proceeds, Sona Machinery plans to allocate Rs 28.91 crore for establishing a new manufacturing unit at Ghaziabad and Rs 2 crore for repaying the outstanding amount of the letter of credit.