Description

Encompass Design India Limited's equity shares to be listed on NSE EMERGE SME Platform effective December 12, 2025, with initial trading in Trade for Trade Surveillance Segment.

Summary

The National Stock Exchange has approved the listing of equity shares of Encompass Design India Limited on the NSE EMERGE SME Platform effective December 12, 2025. The company’s shares will initially trade in Series ‘ST’ (Trade for Trade Surveillance Segment with Settlement Type ‘W’) before transitioning to Series ‘SM’ (Normal Rolling Segment). The IPO consists of 14,183,544 equity shares with a face value of Rs. 10/- each, issued at Rs. 107/- per share.

Key Points

  • Symbol: ENCOMPAS, ISIN: INE433T01015
  • Total equity shares: 14,183,544 shares of Rs. 10/- face value
  • IPO issue price: Rs. 107/- per share
  • Market lot size: 1,200 equity shares
  • Market maker maximum permissible spread: within 10%
  • Initial trading in Series ‘ST’ (Trade for Trade Surveillance Segment - TFTS)
  • Will subsequently shift to Series ‘SM’ (Normal Rolling Segment)
  • Market Maker: Alacrity Securities Limited
  • Registrar & Transfer Agent: MUFG Intime India Private Limited
  • Registered office: Mumbai, Maharashtra

Regulatory Changes

No regulatory changes introduced. This circular follows existing SEBI regulations:

  • SEBI circular no. CIR/MRD/DP/01/2012 & CIR/MRD/DP/02/2012 dated January 20, 2012 for pre-open session and surveillance segment
  • Exchange Circular No. NSE/CMTR/37202 dated March 14, 2018 for continuous market trading
  • Regulation 3.1.1 and 2.5.5 of NSE (Capital Market) Trading Regulations Part A

Compliance Requirements

  • Trading members must use designated security code for identification
  • Trading must be conducted in specified lot sizes of 1,200 equity shares
  • Security will participate in pre-open session for IPO and Other category scrips
  • Initial trading restricted to Trade for Trade Surveillance Segment (TFTS) with Settlement Type ‘W’
  • Lock-in requirements as per Annexure I apply to specified share quantities

Important Dates

  • Circular date: December 11, 2025
  • Listing effective date: December 12, 2025
  • Financial year: April 2025 – March 2026

Impact Assessment

This is a routine SME IPO listing with minimal market-wide impact. The listing on the EMERGE SME Platform provides capital market access to Encompass Design India Limited, a Mumbai-based design company. The initial placement in the Trade for Trade Surveillance Segment (TFTS) is a standard precautionary measure for new SME listings to monitor trading activity. The market lot of 1,200 shares and issue price of Rs. 107/- makes this accessible to retail investors interested in SME investments. The appointment of Alacrity Securities Limited as market maker will provide liquidity support within the 10% spread limit.

Impact Justification

Routine SME IPO listing on EMERGE platform with standard surveillance measures; limited market-wide impact