21 Aug 2023, 10:00 AM

Listing of Jio Financial Services Limited

After its demerger from Reliance Industries, the shares of Jio Financial Services Limited will list on the exchanges today and will trade under the “JIOFIN” symbol.

Normal trading in JIOFIN will start at 10 AM after the equilibrium price is discovered in the pre-open session from 9 AM to 10 AM.

The shares of JIOFIN will be traded under the trade-to-trade (T2T) category. This is because stocks listing after demerger are compulsorily traded under the T2T for 10 days. Check the SEBI circular here.

This means if you buy shares of JIOFIN today, you can sell only once the shares are credited to your account. The settlement happens on T+1 day. Additionally, intraday and BTST (Buy Today Sell Tomorrow) trades aren’t allowed in such stocks. Learn more here.

How do I know whether a stock is settled on a T2T basis?

There are a couple of ways;

  • NSE adds a “BE” tag in front of the trading symbol for stocks trading in the T2T.
  • On Kite, you will see a nudge if the stock is in T2T.

If you have any queries then please post them on our TradingQ&A forum here.