Description
NSE announces transfer of Simca Advertising Limited (SIMCA) from Trade for Trade segment (Series: ST) to Rolling segment (Series: SM) effective June 01, 2026, following its SME IPO.
Summary
NSE has announced that Simca Advertising Limited (symbol: SIMCA), listed under the SME IPO segment, will be transferred from the Trade for Trade segment (Series: ST) to the Rolling segment (Series: SM) with effect from June 01, 2026. This is a standard post-IPO transition following SEBI guidelines.
Key Points
- Symbol SIMCA (Simca Advertising Limited) will move from Trade for Trade (Series: ST) to Rolling segment (Series: SM)
- Effective date of transfer: June 01, 2026
- Circular issued by NSE Listing Department under Download Ref No: NSE/CML/74230
- Follows earlier Exchange Circular NSE/CML/74215 dated May 14, 2026
- Issued pursuant to SEBI circular CIR/MRD/DP/02/2012 dated January 20, 2012
Regulatory Changes
The transfer is governed by SEBI circular CIR/MRD/DP/02/2012 dated January 20, 2012, which provides guidelines for migrating newly listed SME IPO securities from the Trade for Trade segment to the Rolling segment after the initial trading period.
Compliance Requirements
- All NSE members are notified of the segment change and must update their trading systems accordingly
- Trades in SIMCA from June 01, 2026 onwards will settle under the Rolling segment (Series: SM) rules
- Members should ensure client orders and positions reflect the new segment classification post June 01, 2026
Important Dates
- Circular Date: May 15, 2026
- Previous Circular: NSE/CML/74215 dated May 14, 2026
- Effective Date of Segment Transfer: June 01, 2026
Impact Assessment
This transition from Trade for Trade (T+1 mandatory delivery, no netting) to Rolling segment (normal settlement with netting) will improve liquidity and trading flexibility for SIMCA. Traders and investors will benefit from standard rolling settlement, enabling intraday trading and position netting. The change is routine for SME IPO stocks and signals the completion of the mandatory Trade for Trade period post-listing.
Impact Justification
Routine segment migration for a newly listed SME IPO stock from Trade for Trade to Rolling segment, directly impacting trading mechanics for SIMCA holders and traders.