The following points should be kept in mind:

a. If you do not select all stocks while providing pledge confirmation, your unselected stocks will not get pledged and therefore, no limits will be generated against those stocks.

b. If you have neither received any link on your mobile number nor on email id from CDSL/NSDL, please check whether your correct Mobile number and E-mail id is registered    with the Depositories. If your contact details are correct and you still have not received the link-
Click here (https://eservices.nsdl.com/mrg/#/accountDetails) for the link if you have an NSDL account
Click here (https://www.cdslindia.com/Authentication/OTP.aspx) for the link if you have a CDSL account

You can track your pledge request from the Request Book under Shares as Margin Section. Once your pledge request is successfully confirmed through OTP authentication, the status in the Pledge Book will reflect as "Confirmed".

As per SEBIs new guidelines, you will have to pledge shares in favour of ICICIdirect to avail securities limit by the mandatory Margin Pledge Process (via OTP authentication) in Depository system
Similarly, in case of buying shares under Margin Funding (MTF), you will have to pledge those shares in favour of ICICIdirect to continue holding the positions under Margin Trading.

This new process has been implemented to ensure the safety and security of your shares.

You can create a fresh pledge request by following the steps below:
• Go to the Stocks
• Under the Funds tab, select Shares as Margin
• Under the Pledge & Create limit tab select the stock and quantity you wish to pledge
• Click on Pledge & Allocate to the asset where the limit has to be generated.
• Once confirmed, you will be redirected to NSDL page.
• Verify the details and confirm by entering OTP.
• Limits are generated instantly.

Margins are created instantly after receiving OTP.

The value of the limits generated by pledged shares in Shares As Margin depends on the Quantity, Price and Haircut of the stock. 

The formula for creation of limits is as follows:

(Quantity of the stock deposited * Price of the stock) * (1 - Haircut% for the stock) 

As the price of the stocks varies daily, the corresponding limits that are created by pledging the securities also change. 

Generally, the previous day’s closing price is taken as the Valuation Price of the stock. So, if the price of the stock starts to fall, funding limits that are generated by pledging the stock decreases, vice-versa as the price of the stock increases the funding limits are also increased. Limits will also vary due to changes in haircut% of the stock. 

Whenever you take positions using Shares As Margin limits and the value of the limits starts to fall. The positions taken using those Shares As Margin limits may get squared off due to lack of sufficient margins. 

Therefore, whenever you have taken F&O and Equity positions on the basis of limits arising from Shares As Margin, you are advised to track the prices of stocks and ensure that sufficient margin is always available.