It is worth checking a circular issued by NSE, BSE and SEBI for periodic call auction for illiquid securities. Check out below screenshot which provides gist of the circular.
A small ready reckoner on "Periodic Call Auction for Illiquid Scrips" for your quick reference is listed below and you can also refer to the complete NSE circular attached above.Where do I see the list of illiquid securities? | List of illiquid securities available on website and also in security.txt |
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When is the list reviewed? | Every quarter |
No. of sessions and details | 6 sessions at an interval of one hour starting from 9:30 Hours.First 45 minutes for order entry, order modification and order cancellation |
Random closure between 44th& 45th minute, | |
Next 8 minutes shall be for order matching & trade confirmation. | |
Timings
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How do we place order? | Symbol, Series, Market type ‘G’ instead of N, Quantity, Limit Price & Pro/Cli. |
What happens to unmatched orders | Cancelled at the end of each session |
What information can I see during call auction | |
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| Same as normal market |
*On the day of new listing / Re-listing, first call auction session for illiquid shall be conducted at 10.30am instead of 9.30. |