Comment on SPAN Calculator

Hello , thank you for your service and I am new to options .

If I sell 1 lot (50Q) NIFTY13DEC at 6000 PE Span calculator says that 22,332 will be my total margin

Now for Intraday at MIS , I need 40% of it 8932.80 i my account

What happens at 3:20 pm when you square off ? Do I pocket my total premium ?

(say LTP when day starts is 60 and by 3:20 it is 80 . So , how much do I lose ? )

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