Description

Monthly reconstitution of BSE IPO and BSE SME IPO Indices, removing multiple securities effective October 20, 2025.

Summary

BSE Index Services Private Limited announces monthly reconstitution of BSE IPO and BSE SME IPO Indices effective October 20, 2025. The reconstitution involves removal of 7 securities from BSE IPO Index and 7 securities from BSE SME IPO Index. These changes have been included in the end-of-day corporate action file.

Key Points

  • Monthly reconstitution of BSE IPO and BSE SME IPO Indices announced
  • 7 securities to be dropped from BSE IPO Index
  • 7 securities to be dropped from BSE SME IPO Index
  • Changes included in tonight’s end-of-day corporate action file (*.SDE)
  • Queries should be directed to bseindex@bseindia.com

Securities Removed 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

Securities Removed 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 process.

Compliance Requirements

No specific compliance requirements for market participants. This is an informational notice regarding index composition changes.

Important Dates

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

Impact Assessment

Market Impact: Medium - The reconstitution affects 14 securities across two indices, which may impact passive funds and ETFs tracking these indices. Index-linked investment products will need to adjust their portfolios accordingly.

Operational Impact: Low - This is a routine monthly process. Market participants tracking these indices should adjust their positions before the effective date.

Investor Impact: Medium - Investors in BSE IPO and SME IPO index-linked products may see portfolio rebalancing as fund managers remove these securities from their holdings to maintain index alignment.

Impact Justification

Routine monthly index reconstitution affecting multiple securities across BSE IPO and SME IPO indices, with moderate impact on index composition and related investment products.