Description

Two newly listed companies, Astron Multigrain Limited and Ravelcare Limited, will be added to the BSE SME IPO Index effective December 9, 2025.

Summary

BSE has announced the addition of two newly listed companies to the BSE SME IPO Index effective December 9, 2025. Astron Multigrain Limited (ticker: 544628) and Ravelcare Limited (ticker: 544629) were listed on December 8, 2025 and will be included in the index at market open on December 9, 2025. These changes have been incorporated in the end-of-day corporate action file.

Key Points

  • Two companies being added to BSE SME IPO Index
  • Astron Multigrain Limited (Exchange ticker: 544628)
  • Ravelcare Limited (Exchange ticker: 544629)
  • Both companies listed on BSE effective December 8, 2025
  • Index addition effective at market open on December 9, 2025
  • Changes included in end-of-day corporate action file (*.SDE)
  • Reference to prior listing notices: 20251205-56 and 20251205-57

Regulatory Changes

No regulatory changes. This is a routine index maintenance action following the standard process for adding newly listed SME companies to the BSE SME IPO Index.

Compliance Requirements

No specific compliance requirements for market participants. This is an informational notice about index composition changes. Market participants tracking the BSE SME IPO Index should note the updated composition.

Important Dates

  • December 8, 2025: Listing date for Astron Multigrain Limited and Ravelcare Limited on BSE
  • December 9, 2025: Effective date for addition to BSE SME IPO Index (at market open)

Impact Assessment

Market Impact: Minimal. This is a routine index maintenance action affecting only the BSE SME IPO Index composition. The addition of two newly listed companies expands the index coverage of the SME segment.

Operational Impact: Low. Index tracking funds and products linked to the BSE SME IPO Index will need to incorporate these stocks in their portfolios according to their rebalancing procedures. The corporate action file has been updated to facilitate automated processing.

Investor Impact: Limited to investors and fund managers tracking or benchmarked against the BSE SME IPO Index. General market participants are not affected.

Impact Justification

Routine index maintenance involving addition of two newly listed SME companies to the BSE SME IPO Index with no impact on existing securities or trading requirements