Description

Monthly reconstitution of BSE IPO and BSE SME IPO Indices, effective November 24, 2025, with multiple securities being dropped from both indices.

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, November 24, 2025. Nine securities will be dropped from the BSE IPO Index and one security from the BSE SME IPO Index. The changes have been included in the end-of-day corporate action file.

Key Points

  • Monthly reconstitution affects BSE IPO Index and BSE SME IPO Index
  • 9 securities being dropped from BSE IPO Index
  • 1 security being dropped from BSE SME IPO Index
  • Changes included in corporate action file (*.SDE)
  • No additions announced in this circular

Regulatory Changes

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

Compliance Requirements

  • Index fund managers tracking these indices must rebalance portfolios
  • Market participants should note the securities being removed from indices
  • Queries can be directed to bseindex@bseindia.com

Important Dates

  • Notice Date: November 14, 2025
  • Effective Date: November 24, 2025 (at market open)
  • Corporate Action File: Included in end-of-day file on notice date

Impact Assessment

Securities Dropped from BSE IPO Index (Effective November 24, 2025):

  • 544274 - Hyundai Motor India Limited
  • 544276 - Deepak Builders and Engineers India Limited
  • 544277 - Waaree Energies Limited
  • 544279 - Godavari Biorefineries Limited
  • 544280 - Afcons Infrastructure Limited
  • 544282 - Sagility Limited
  • 544283 - Acme Solar Holdings Limited
  • 544285 - Swiggy Limited
  • 544286 - Niva Bupa Health Insurance Company Limited

Securities Dropped from BSE SME IPO Index (Effective November 24, 2025):

  • 544287 - Mangal Compusolution Limited

Market Impact: Medium impact for passive investors and index fund managers who track these indices. The removal of these securities will require portfolio rebalancing. The dropped securities from BSE IPO Index include major recent IPOs, suggesting they may be transitioning out of the IPO index due to time elapsed since listing or other index methodology criteria.

Impact Justification

Routine monthly index reconstitution affecting multiple securities across BSE IPO and SME IPO indices. Relevant for index fund managers and passive investors tracking these indices.