Free Float Market Capitalization Weighted Index:
The free float factor (Investible Weight Factor), for each company in the index is determined based on the public shareholding of the companies as disclosed in the shareholding pattern submitted to the stock exchange by these companies.
The Free float market capitalization is calculated in the following manner:
Free Float Market Capitalization = Issue Size * Price * Investible Weight Factor
The Index in this case is calculated as per the formulae given below: