Description

BSE announces addition of two stocks to BSE IPO Index (EMMVEE PHOTOVOLTAIC and PHYSICSWALLAH) and two stocks to BSE SME IPO Index (WORKMATES CORE2CLOUD and MAHAMAYA LIFESCIENCES).

Summary

BSE announces the addition of four newly listed companies to its indices. EMMVEE PHOTOVOLTAIC POWER LIMITED (544608) and PHYSICSWALLAH LIMITED (544609) will be added to the BSE IPO Index effective November 20, 2025. WORKMATES CORE2CLOUD SOLUTION LIMITED (544610) and MAHAMAYA LIFESCIENCES LIMITED (544611) will be added to the BSE SME IPO Index effective November 19, 2025.

Key Points

  • Four companies are being added to BSE indices following their listing on November 18, 2025
  • Two main board IPOs to be added to BSE IPO Index
  • Two SME platform listings to be added to BSE SME IPO Index
  • Actions included in end-of-day corporate action file (*.SDE)
  • Reference notices: 20251117-52, 20251117-49, 20251117-60, 20251117-58

Regulatory Changes

No regulatory changes. This is a routine operational notice regarding index constituent additions.

Compliance Requirements

No specific compliance requirements. Market participants should note the index changes for portfolio management and passive fund rebalancing purposes.

Important Dates

  • November 18, 2025: Listing date for all four companies on BSE
  • November 19, 2025: Effective date for addition to BSE SME IPO Index (WORKMATES CORE2CLOUD and MAHAMAYA LIFESCIENCES)
  • November 20, 2025: Effective date for addition to BSE IPO Index (EMMVEE PHOTOVOLTAIC and PHYSICSWALLAH)

Impact Assessment

Market Impact: Minimal. Routine index additions following new listings. May trigger some passive fund rebalancing.

Operational Impact: Index funds and ETFs tracking BSE IPO and BSE SME IPO indices will need to rebalance portfolios to include these stocks.

Investor Impact: Investors tracking these indices should be aware of the new constituents for investment and tracking purposes.

Index Additions Detail

BSE IPO Index (Effective November 20, 2025)

  • 544608 - EMMVEE PHOTOVOLTAIC POWER LIMITED
  • 544609 - PHYSICSWALLAH LIMITED

BSE SME IPO Index (Effective November 19, 2025)

  • 544610 - WORKMATES CORE2CLOUD SOLUTION LIMITED
  • 544611 - MAHAMAYA LIFESCIENCES LIMITED

Contact Information

For additional queries, contact: bseindex@bseindia.com

Impact Justification

Routine index addition of newly listed companies; informational notice with no immediate compliance requirements for market participants