Description

Pine Labs Limited and Shining Tools Limited to be added to BSE IPO and BSE SME IPO indices respectively following their listings on BSE.

Summary

BSE has announced the addition of two newly listed companies to its indices. Pine Labs Limited (ticker 544606) will be added to the BSE IPO index effective November 18, 2025, following its listing on November 14, 2025. Shining Tools Limited (ticker 544607) will be added to the BSE SME IPO index effective November 17, 2025, after its listing on the SME platform on November 14, 2025.

Key Points

  • Pine Labs Limited (544606) listed on BSE on November 14, 2025
  • Shining Tools Limited (544607) listed on BSE SME platform on November 14, 2025
  • Both additions are part of standard post-listing index inclusion process
  • 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 standard operational notice regarding index composition updates.

Compliance Requirements

No specific compliance requirements for market participants. Index fund managers tracking the affected indices should adjust their portfolios accordingly to reflect the new constituents.

Important Dates

  • November 14, 2025: Listing date for both Pine Labs Limited and Shining Tools Limited
  • November 17, 2025: Shining Tools Limited added to BSE SME IPO index (effective at market open)
  • November 18, 2025: Pine Labs Limited added to BSE IPO index (effective at market open)

Impact Assessment

Market Impact: Medium. Index fund managers and passive investors tracking the BSE IPO and BSE SME IPO indices will need to rebalance their portfolios to include these new constituents.

Operational Impact: Low. Standard index maintenance activity. The staggered addition dates (November 17 and 18) allow for orderly portfolio adjustments.

Trading Impact: Potential increase in trading volumes for both stocks as index funds execute rebalancing trades. The inclusion typically provides liquidity and visibility for newly listed companies.

Impact Justification

Routine index additions following new listings. Medium impact for index funds tracking BSE IPO and BSE SME IPO indices.