Description

EXCELSOFT TECHNOLOGIES LIMITED and GALLARD STEEL LIMITED to be added to BSE IPO and BSE SME IPO indices respectively following their listing on BSE.

Summary

BSE announces the addition of two newly listed companies to its indices. EXCELSOFT TECHNOLOGIES LIMITED (ticker 544617) will be added to the BSE IPO index effective November 28, 2025, following its listing on November 26, 2025. GALLARD STEEL LIMITED (ticker 544616) will be added to the BSE SME IPO index effective November 27, 2025, following its SME platform listing on November 26, 2025.

Key Points

  • EXCELSOFT TECHNOLOGIES LIMITED (544617) listed on BSE main board on November 26, 2025
  • EXCELSOFT will be added to BSE IPO index at market open on November 28, 2025
  • GALLARD STEEL LIMITED (544616) listed on BSE SME platform on November 26, 2025
  • GALLARD will be added to BSE SME IPO index at market open on November 27, 2025
  • Changes included in end-of-day corporate action file (*.SDE)
  • References Notice No: 20251125-44 (EXCELSOFT) and Notice No: 20251125-46 (GALLARD)

Regulatory Changes

No regulatory changes. This is a routine index maintenance activity following standard procedures for newly listed companies.

Compliance Requirements

No specific compliance requirements for market participants. Index fund managers and ETF providers tracking BSE IPO and BSE SME IPO indices should adjust portfolios to reflect the additions at the specified effective dates.

Important Dates

  • November 26, 2025: Listing date for both EXCELSOFT TECHNOLOGIES LIMITED and GALLARD STEEL LIMITED
  • November 27, 2025: GALLARD STEEL LIMITED added to BSE SME IPO index (at market open)
  • November 28, 2025: EXCELSOFT TECHNOLOGIES LIMITED added to BSE IPO index (at market open)

Impact Assessment

Market Impact: Minimal. Routine index additions for newly listed IPO stocks with no broader market implications.

Operational Impact: Index funds and passive investment vehicles tracking BSE IPO and BSE SME IPO indices will need to incorporate these stocks during rebalancing. Given the IPO nature of these indices, such additions are expected and already factored into fund management processes.

Investor Impact: Investors tracking or investing in BSE IPO-related indices should note the inclusion dates. No action required for general market participants.

Impact Justification

Routine index addition of newly listed companies to IPO indices; standard post-listing procedure with limited market-wide impact