What is the revised tick size in CM Segment?

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The Exchange has introduced price linked tick size in the Capital Market Segment (CM Segment). All securities (excluding Exchange Traded Funds) available in EQ, BE, BZ, BO, RL, AF series and their corresponding BL series as applicable with security price below Rs. 250 will have tick size of Rs. 0.01 as against the current tick size Rs 0.05. The tick size determined for securities in T+1 settlement will also be applicable for T+0 settlement (series T0).

The exchange reviews the tick size of a security on monthly basis. The Closing Price on the last trading day of the month in CM segment shall be used to determine the tick size, which will be made applicable for the next month. 

For example:

The tick size applicable for the month July 2024 will be determined based on the Closing Price of the last trading day of 28 June 2024.

The tick size in case of new security will be as follows:

SCENARIO	TICK SIZE
Initial Public Offering	Issue price determined at allocation will be considered for reference price. If the reference price is less than Rs.250 the tick size will be Rs. 0.01, otherwise regular tick size of Rs. 0.05 will be applicable.
New listing of security already listed on any other exchange.	Last available Closing Price, three trading days prior to listing date will be considered for reference price. If the reference price is less than Rs. 250 the tick size will be Rs 0.01 else regular tick size of Rs 0.05 will be applicable.

The tick size in case of corporate action will be as follows:

SCENARIO	TICK SIZE
New security listing and parent security on account of corporate action.	Tick size of parent security will continue irrespective of security price till the time of next monthly review.
Tick size in case of split, bonus, dividend, and right issue.	Existing tick size of security will continue till the time of next monthly review.

* All price related computations such as closing price, base price, common equilibrium price, settlement price, etc. will be aligned as per applicable tick size of the security.

* The price band mechanism for the security will continue to be applicable as per current method and the price determined as per the band will be aligned as per tick size of security. 

For BSE,if the Closing Price is less than Rs.100, the tick size will be Rs. 0.01 else regular tick size of Rs.0.05 will be applicable.

Note: Tick size is not applicable for the Derivatives.