Description

Monthly reconstitution of BSE IPO and BSE SME IPO Indices, removing 24 stocks effective January 19, 2026.

Summary

BSE Index Services Private Limited has announced the monthly reconstitution of BSE IPO and BSE SME IPO Indices, effective from the market opening on Monday, January 19, 2026. A total of 24 stocks will be dropped from these indices - 13 from BSE IPO Index and 11 from BSE SME IPO Index.

Key Points

  • Monthly reconstitution affects BSE IPO and BSE SME IPO Indices
  • 13 stocks being removed from BSE IPO Index
  • 11 stocks being removed from BSE SME IPO Index
  • Changes included in end-of-day corporate action file (*.SDE)
  • Queries can be directed to bseindex@bseindia.com

Stocks Being Dropped

BSE IPO Index (13 stocks)

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

BSE SME IPO Index (11 stocks)

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

Regulatory Changes

No regulatory changes. This is a routine monthly index maintenance activity.

Compliance Requirements

  • Index fund managers tracking BSE IPO and BSE SME IPO Indices should adjust their portfolios accordingly
  • Market participants should note the reconstitution for trading and investment strategies
  • Changes reflected in corporate action files for automated processing

Important Dates

  • Notice Date: January 09, 2026
  • Effective Date: January 19, 2026 (market open)

Impact Assessment

Market Impact: Medium impact on affected stocks and index-tracking funds. Stocks being dropped may experience selling pressure from passive funds that track these indices. The reconstitution is part of regular index maintenance to ensure indices reflect recent IPO activity and maintain their intended composition. Index funds and ETFs tracking BSE IPO and SME IPO Indices will need to rebalance their holdings, potentially creating trading volume in the affected securities.

Impact Justification

Routine monthly index reconstitution affecting 24 stocks across BSE IPO and SME IPO indices. Medium impact for affected stocks and index funds, but low overall market importance as it's a scheduled maintenance activity.