I purchase caplin point through a smallcase on Monday and today I got this nudge on short Delivery for the same.
Does the below mention that I need to wait till EOD today and I might either get the shares delivered or I might get the amount refunded ?
Is my understanding correct and how can I confirm the same tomorrow ?
If I miss out on such opportunities for no issue on my end what’s that I am compensated with ?
If the exchange does not deliver the shares to the buyer, it means the seller in this transaction failed to give the shares to the exchange. This failure to deliver shares is referred to as ‘short delivery’ in common stock market parlance. In such cases, the exchange holds an auction for the same quantity of shares & delivers it to the buyer.
If you have bought shares on Monday (let’s call this T day), you will be able to see the shares tagged as ‘T1 holdings’ on Kite until T+2 day (Wednesday). On Wednesday, if we find that the shares haven’t been delivered to your account, you will not be able to see the shares in your Kite holdings on T+3 day (Thursday).
You get the amount back that was used to buy this stock.
Thanks kalpesh. Yes as u said I can’t see the stocks today in my holdings. I will check tomorrow to confirm the amount is credited back as the ledger still doesn’t reflect for today.
in this case , the buyer will earn 20% more . as per the auction penalty clause ?
