This is in continuation of the Exchange Notice No. 20250325-44 dated March 25, 2025, regarding Introduction of Bidding for Zero Coupon Zero Principal (ZCZP) instrument for Social Stock Exchange (SSE) and the mock session on UAT Server to familiarizes all intermediaries about SSE Module for bidding of Zero Coupon Zero Principal (ZCZP) instruments.

Trading Member, Self Certified Syndicate Banks (SCSBs), Registered Depository Participants, Registrar and Transfer Agents registered with the Exchange for IPO biddings and Other Intermediaries are requested to note that from Monday November 17, 2025, SSE Module shall be made available on IBBS Platform (internet-based book building system of BSE) for bidding of Zero Coupon Zero Principal (ZCZP) instruments for Social Stock Exchange (SSE).

The following participants / market intermediaries shall be able to place bids for Zero Coupon Zero Principal (ZCZP) instruments:

1.       Trading Members registered with the Exchange for Equity or Debt segment.

2.       Self-Certified Syndicate Banks (SCSBs).

3.       Depository Participants registered with the Exchange for IPO biddings.

4.       RTAs registered with the Exchange for IPO biddings.

The following bidding guidelines shall be applicable for Zero Coupon Zero Principal (ZCZP) instrument:

1.       The bids shall be placed for fixed price of ZCZP instrument.

2.       The mode of payment while applying for ZCZP instrument shall be BANK ASBA, UPI ASBA, Cheque/Demand Draft, Direct Credit, NACH, NEFT, and RTGS.

3.       Bank ASBA facility shall be available to all categories of investors including individual investors applying through Self-Certified Syndicate Banks (SCSBs) in ZCZP instrument irrespective of application value.

4.       The UPI functionality shall be an additional payment option available to individual investors applying through Trading Members/ Syndicate Members/ Registered Depository Participants and RTAs in ZCZP instrument for application value upto Rs 5 Lakhs.

5.       Syndicate ASBA/ Member ASBA shall be available to all other categories of investors including individual investor through Trading Members/ Syndicate Members/ Registered Depository Participants and RTAs in ZCZP instrument.

6.       Trading Members with 3-in-1 accounts facility (electronic connectivity with bank, depository and trading activities) will have both options to place the bid of Individual Investor with details of investor’s bank account (Intermediary/ Syndicate ASBA) as well as UPI id for blocking of funds on iBBS platform for application amount upto Rs. 5 Lakh.

7.       Bidding shall be allowed for minimum three working days and maximum 10 working days only.

8.       Bidding shall be allowed between 10:00 am to 5:00 pm during bidding period.

9.       The following fields shall be necessary while bidding for ZCZP instrument:

                                 i.      Payment Mode: ASBA/ Non-ASBA UPI

                                ii.      IPO Symbol

                               iii.      Application No.

                               iv.      Client Name

                                v.      Category of Investor

                               vi.      Pan No                                                     

                              vii.      Depository Name – CDSL/ NSDL

                             viii.      DP Id & Client/Benf. Id

                               ix.      Qty           

                                x.      Price

                               xi.      Bank/ UPI Id details

10.   The list of categories of investors is given below for information:

Ø  Institutional Investors

Ø  Non-Institutional Investors

Ø  High Net-worth Individuals Investors

Ø  Retail Individuals Investors

11.   The process of bid capture through online screen (single bid entry), File Upload facility (bulk entries) and through API integration by Intermediaries for bidding for ZCZP instrument on SSE Module shall be as under: 

a)       Single Bid Entry

The User will have the option to choose following bid options:

·         ASBA Bid – The User is required to enter the Bank details provided by investor

·         Non-ASBA Bid – The User is required to enter the Cheque/Demand Draft, Direct Credit, NACH, NEFT, and RTGS details provided by investor

·         UPI Id Bid – The User is required to enter the UPI Id provided by investor

b)      File Upload Facilities for Bulk Entries

·         ASBA/ Non-ASBA & UPI Id Bids – The file format for Trading Members/ Registered Depository Participants and RTAs is attached as Annexure I

·         ASBA Bids – The file format for Banks is attached as Annexure II

c)       Bid Entry through API Integration

d)       Addition/ Modification/ Cancellation of Bid

·         Modification of Application Number, PAN, and DP id & Client Id are not allowed for valid bids.

·         Cancellation of bid is allowed.

·         Multiple bids are allowed during bidding period. Multiple bids with same application no. are not allowed.

e)       Status Report of UPI Bids

The Users will get the status of UPI Bids entered by them on iBBS  platform in UPI Order Book

f)        Re-initiation of Bids

·         The Intermediaries will have the option to Re-initiate the UPI bids which are pending for confirmation by Investor

·         The facility of Re-initiation of UPI bid shall be available only till 5 pm on the day of bidding

·         Re-initiation of bid shall be allowed only once.

g)       UPI Mandate Acceptance

·        Investor is required to accept the UPI mandate latest by 5:00 pm on T+1 Day (T being last day of bidding)

h)      DP Id & Client ID and PAN combination Validation with Depositories

·         The Exchange shall undertake validation of the PAN and Demat account combination details of investor with the Depository on near real time basis.

·         The Exchange would share response with intermediary, for corrections, if any

i)        Modification of Selected Fields

The Users shall be allowed to modify selected fields viz. DP ID/Client ID or Pan ID (Either DP ID/Client ID or Pan ID can be modified but not BOTH) upto T+1 day for validated bids

j)        The following Reports shall be available to Users:

a.       Member/ Bank Report

b.       Bid Download

c.       Order Book – ASBA bids

d.       UPI Order Book

e.       Download Allocation

Further The Exchange shall display the Category wise Bids subscription level on its website on regular intervals. For successful bid for ZCZP instrument - SMS and Email intimations shall be send to investor at the end of day. The application and allotment status of each bid shall be available on the Exchange’s website similar to public issue bids.

You may write to us on the following email ids for further details/ guidelines:

Bhushan Mokashi                                                             Mangesh Tayde                                               

Vice President                                                                   Deputy Vice President                                                  

Listing Business Relationship                                          Listing Business Relationship                                                  

November 14, 2025