Description

BSE announces monthly reconstitution of BSE IPO and BSE SME IPO Indices, with multiple stocks being dropped effective October 20, 2025.

Summary

BSE Index Services Private Limited has announced the monthly reconstitution results for the BSE IPO and BSE SME IPO Indices. The reconstitution will be effective at market open on Monday, October 20, 2025. A total of 15 stocks will be dropped from the indices - 7 from BSE IPO Index and 8 from BSE SME IPO Index.

Key Points

  • Monthly reconstitution of BSE IPO and BSE SME IPO Indices announced
  • 7 stocks to be dropped from BSE IPO Index
  • 8 stocks to be dropped from BSE SME IPO Index
  • Changes included in end-of-day corporate action file (*.SDE)
  • No additions announced in this circular

Stocks Being Dropped from BSE IPO Index

  • 544258 - Western Carriers (India) Limited
  • 544260 - Northern Arc Capital Limited
  • 544261 - Arkade Developers Limited
  • 544262 - Manba Finance Limited
  • 544263 - KRN Heat Exchanger and Refrigeration Limited
  • 544264 - Diffusion Engineers Limited
  • 544271 - Garuda Construction and Engineering Limited

Stocks Being Dropped from BSE SME IPO Index

  • 544257 - Sodhani Academy of Fintech Enablers Limited
  • 544259 - Popular foundations limited
  • 544265 - Nexxus Petro Industries Limited
  • 544267 - Subam papers Limited
  • 544269 - Neapolitan pizza and foods Limited
  • 544270 - Khyati Global Ventures Limited
  • 544272 - Shiv Texchem Limited

Regulatory Changes

No regulatory changes. This is a routine monthly index reconstitution activity conducted by BSE Index Services Private Limited.

Compliance Requirements

No specific compliance requirements for market participants. Index fund managers tracking these indices will need to rebalance their portfolios to reflect the new index composition.

Important Dates

  • Notice Date: October 10, 2025
  • Effective Date: October 20, 2025 (at market open)
  • Corporate Action File: Included in end-of-day file dated October 10, 2025

Impact Assessment

Market Impact: Medium - The removal of these stocks from the indices may result in selling pressure from passive index funds that track these indices. However, as these are IPO-focused indices with regular reconstitution schedules, the impact is typically absorbed by the market.

Affected Entities:

  • Listed companies being dropped from the indices
  • Index fund managers tracking BSE IPO and BSE SME IPO Indices
  • Investors holding these index funds

Queries: Market participants can reach out to bseindex@bseindia.com for additional information.

Impact Justification

Routine monthly index reconstitution affecting 15 stocks across BSE IPO and BSE SME IPO indices. Medium impact for affected stocks due to potential index fund rebalancing flows.