Description

Monthly reconstitution of BSE IPO and BSE SME IPO Indices, with 7 securities dropped from BSE IPO Index and 7 from BSE SME IPO Index, effective October 20, 2025.

Summary

BSE Index Services Private Limited has announced the monthly reconstitution of the BSE IPO and BSE SME IPO Indices. This routine rebalancing will remove 7 securities from the BSE IPO Index and 7 securities from the BSE SME IPO Index. The changes will be effective at market open on Monday, October 20, 2025. These actions have been included in the end-of-day corporate action file.

Key Points

  • Monthly reconstitution announced by BSE Index Services Private Limited
  • Total 14 securities being dropped across two indices
  • 7 securities removed from BSE IPO Index
  • 7 securities removed from BSE SME IPO Index
  • Changes reflected in end-of-day corporate action file (*.SDE)
  • Queries can be directed to bseindex@bseindia.com

Regulatory Changes

No regulatory changes. This is a routine operational index maintenance activity.

Compliance Requirements

No specific compliance requirements for market participants. Fund managers tracking these indices may need to rebalance their portfolios to reflect the index changes.

Important Dates

  • October 10, 2025: Announcement date
  • October 20, 2025: Effective date for reconstitution (market open)

Impact Assessment

Market Impact: Low. This is a routine monthly maintenance activity for specialized IPO-focused indices.

Affected Securities:

BSE IPO Index - Securities Dropped:

  • 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

BSE SME IPO Index - Securities Dropped:

  • 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

Operational Impact: Passive funds and ETFs tracking these indices will need to rebalance their holdings. The removal of these securities suggests they have aged out of the IPO eligibility criteria or no longer meet index inclusion requirements.

Impact Justification

Routine monthly index reconstitution affecting only IPO-focused indices with limited broader market impact. Primarily affects passive funds tracking these specific indices.