Description

Pine Labs Limited added to BSE IPO Index effective November 18, 2025, and Shining Tools Limited added to BSE SME IPO Index effective November 17, 2025.

Summary

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

Key Points

  • Pine Labs Limited (544606) listed on BSE main board effective November 14, 2025
  • Pine Labs to be added to BSE IPO Index at market open on November 18, 2025
  • Shining Tools Limited (544607) listed on BSE SME platform effective November 14, 2025
  • Shining Tools to be added to BSE SME IPO Index at market open on November 17, 2025
  • Actions included in end-of-day corporate action file (*.SDE)
  • Related to previous notices 20251113-41 and 20251113-51

Regulatory Changes

No regulatory changes. This is a routine index rebalancing following new listings.

Compliance Requirements

No specific compliance requirements for market participants. Index constituents are automatically updated based on the specified effective dates.

Important Dates

  • November 14, 2025: Pine Labs Limited and Shining Tools Limited listing date
  • November 17, 2025: Shining Tools Limited addition to BSE SME IPO Index (at market open)
  • November 18, 2025: Pine Labs Limited addition to BSE IPO Index (at market open)

Impact Assessment

The addition of these stocks to their respective indices will impact index-tracking funds and ETFs that replicate the BSE IPO and BSE SME IPO indices. Fund managers will need to rebalance portfolios to include these securities. The staggered effective dates (November 17 for SME, November 18 for main board) allow for orderly implementation. For Pine Labs and Shining Tools, index inclusion typically increases visibility and liquidity as passive funds acquire positions in these newly listed companies.

Impact Justification

Index additions for newly listed companies affect index-tracking funds and market visibility but are routine corporate actions with limited broader market impact.