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

Key Points

  • Pine Labs Limited (544606) listed on BSE main board on 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 on 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)
  • References Notice No: 20251113-41 for Pine Labs and Notice No: 20251113-51 for Shining Tools

Regulatory Changes

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

Compliance Requirements

No specific compliance requirements for market participants. Index funds tracking BSE IPO Index and BSE SME IPO Index will need to rebalance portfolios to include the new constituents at the specified effective dates.

Important Dates

  • November 14, 2025: Listing date for Pine Labs Limited on BSE main board
  • November 14, 2025: Listing date for Shining Tools Limited on BSE SME platform
  • November 17, 2025: Shining Tools Limited added to BSE SME IPO Index (market open)
  • November 18, 2025: Pine Labs Limited added to BSE IPO Index (market open)

Impact Assessment

Market Impact: Medium - Index additions following IPO listings typically result in increased trading activity and liquidity for the added stocks as passive funds tracking these indices execute rebalancing trades.

Operational Impact: Low - Routine index reconstitution with clear timelines. Market participants have adequate notice for portfolio adjustments.

Investor Impact: Index fund investors will gain exposure to these newly listed companies through their holdings in BSE IPO Index and BSE SME IPO Index tracking funds.

Impact Justification

Index additions following new listings affect index composition and passive fund rebalancing but have limited broader market impact