Jio Financial Services is listing on the exchanges today under the trading symbol “JIOFIN”.
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. You can check the 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. Learn more here.
How do I know whether a stock is settled on a T2T basis?
There are a couple of ways;
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NSE adds a “BE” tag in front of the trading symbol for stocks trading in the T2T.
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On Kite, you will see a nudge if the stock is in T2T.
