Description

PURPLE WAVE INFOCOM LIMITED (Scrip Code: 544627) will be transferred from Trade for Trade segment (MT Group) to Rolling segment (M Group) effective December 19, 2025.

Summary

BSE has announced that the equity shares of PURPLE WAVE INFOCOM LIMITED (Scrip Code: 544627), which debuted as an SME IPO, will be transferred from the Trade for Trade segment (MT Group) to the Rolling segment under M Group effective December 19, 2025. This change follows the standard progression for SME IPO listings on BSE.

Key Points

  • Company: PURPLE WAVE INFOCOM LIMITED (SME IPO)
  • Scrip Code: 544627
  • Current Segment: Trade for Trade segment (MT Group)
  • New Segment: Rolling segment (M Group)
  • Effective Date: Friday, December 19, 2025
  • Notice Reference: Continuation of Notice No. 20251204-47 dated December 04, 2025
  • Contact: Mr. Anurag Jain, Tel: 022-2272 8822

Regulatory Changes

The trading methodology for PURPLE WAVE INFOCOM LIMITED will change from Trade for Trade basis to Rolling settlement basis, allowing for standard T+1 settlement cycle instead of delivery-only trades.

Compliance Requirements

Trading Members should:

  • Note the segment transfer effective December 19, 2025
  • Update their trading systems to reflect the new group classification (M Group)
  • Contact Mr. Anurag Jain for any clarifications or additional details
  • Ensure clients are informed of the change in trading segment

Important Dates

  • December 04, 2025: Initial notice issued (Notice No. 20251204-47)
  • December 05, 2025: Confirmation notice issued (Notice No. 20251205-3)
  • December 19, 2025: Effective date for segment transfer from MT Group to M Group

Impact Assessment

This segment transfer represents a positive development for PURPLE WAVE INFOCOM LIMITED as it transitions from the restrictive Trade for Trade segment to the more liquid Rolling segment. The move to M Group will:

  • Improve liquidity by allowing intraday trading and standard settlement cycles
  • Remove delivery-only trading restrictions
  • Enable margin trading facilities
  • Potentially attract more retail and institutional participation
  • Indicate successful completion of initial SME IPO monitoring period

The change is routine for SME IPO stocks that demonstrate stable trading patterns and compliance with listing requirements.

Impact Justification

Routine segment transfer for SME IPO stock from Trade for Trade to Rolling segment, affecting trading methodology but not indicating regulatory concerns