Description

BSE Index Services announces monthly reconstitution results for BSE IPO and BSE SME IPO Indices, effective January 19, 2026.

Summary

BSE Index Services Private Limited has announced the monthly reconstitution results for the BSE IPO Index and BSE SME IPO Index. A total of 13 stocks will be dropped from the BSE IPO Index and 11 stocks will be dropped from the BSE SME IPO Index. These changes will be effective at the open of trading on Monday, January 19, 2026. The reconstitution has been included in the end-of-day corporate action file.

Key Points

  • Monthly reconstitution of BSE IPO and BSE SME IPO Indices announced
  • 13 stocks to be removed from BSE IPO Index
  • 11 stocks to be removed from BSE SME IPO Index
  • Changes reflect routine index maintenance based on eligibility criteria
  • Corporate action file updated with reconstitution details

Regulatory Changes

No regulatory changes. This is a routine index maintenance activity conducted by BSE Index Services Private Limited.

Compliance Requirements

No specific compliance requirements for market participants. Index fund managers and portfolio managers tracking these indices may need to adjust their portfolios to reflect the reconstitution.

Important Dates

  • Notice Date: January 9, 2026
  • Effective Date: January 19, 2026 (at market open)

Impact Assessment

Market Impact: Low. This is a routine monthly reconstitution affecting specialized indices that track recently listed IPO stocks. The removal of stocks from these indices is part of the natural graduation process as IPOs age out of the index eligibility window.

Operational Impact: Minimal. Index funds and ETFs tracking these indices will need to rebalance portfolios. The stocks being dropped will continue to trade normally and may be part of other broader BSE indices.

Stocks Affected:

BSE IPO Index (13 stocks dropped):

  • International Gemmological Institute India Limited (544311)
  • Sanathan Textiles Limited (544314)
  • Concord Enviro Systems Limited (544315)
  • Dam Capital Advisors Limited (544316)
  • Transrail Lighting Limited (544317)
  • Mamata Machinery Limited (544318)
  • Senores Pharmaceuticals Limited (544319)
  • Carraro India Limited (544320)
  • Ventive Hospitality Limited (544321)
  • Unimech Aerospace and Manufacturing Limited (544322)
  • Indo Farm Equipment Limited (544328)
  • Standard Glass Lining Technology Limited (544333)
  • Quadrant Future Tek Limited (544336)

BSE SME IPO Index (11 stocks dropped):

  • Hamps Bio Limited (544312)
  • Nacdac Infrastructure Limited (544313)
  • Citichem India Limited (544324)
  • Technichem Organics Limited (544327)
  • Leo Dryfruits & Spices Trading Limited (544329)
  • Parmeshwar Metal Limited (544330)
  • Davin Sons Retail Limited (544331)
  • Fabtech Technologies Cleanrooms Limited (544332)
  • Indobell Insulations Limited (544334)
  • B.R.Goyal Infrastructure Limited (544335)
  • Avax Apparels and Ornaments Limited (544337)

Impact Justification

Routine monthly index reconstitution affecting recently listed IPO and SME IPO stocks. No direct trading or compliance implications for market participants.