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1. Kousik Chakravarti

| Link|May 25, 2023 6:52:19 PMReply

Teamlease Buyback
No of shares reserved in small investors quota=49180
No of small investors as on 31/12/22=19427
Record date=03/04/23
No of small investors as on 31/03/23=53620
Above mentioned data shows there was a chance that all single share applications might not be successfully processed here.
But today the Buyback is closed and final data is
Total no of applications submitted=47531<49180

https://www.bseindia.com/markets/publicIssues/BSEBidDetailsACQall.html?Scripcode=6137

Hence all single share applicants will make good profit here unless there is rejection due to some technical reason.Good profit for those who took the risk.

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1.1. Ayush Jindal

| Link|May 27, 2023 12:57:36 AM

Hi Koushik Sir,

It's never like this the way you are interpreting it.

You cannot be 100% sure that there will be 100% single share acceptance in a case where "No. of application submitted is < the number of shares reserved in retail category".

I would suggest you to clear your basic understanding. Try to read the Letter of offer's "basis of acceptance" section. Try to interpret it correctly. You can find this section in any LOF.

Always no. of shares tendered by holders is compared with the no. of shares reserved for a retailer. We can't compare the way you are comparing it.

1.2. Kousik Chakravarti

| Link|May 27, 2023 10:38:05 AM

@Ayush Jindal
Please explain what is wrong in my concept?
Also give me an example with relevant links where my concept did not worked successfully.I will be happy if I learn correct things from anyone.

1.3. papon

| Link|May 30, 2023 5:24:41 PM

If all retail investor apply for their entitled quota than investor holding 1 share will not get accepted. These 1 share holder investors are lucky only because someone holding shares which are entitled to get accepted are not tendered. So there quoto of entitled shares are been distributed among 1 share holder investors. Here first preference is given to 1 share holder category investors than of any shares left will pass on to other investors. That is why Acceptance ratio is all equal to or greater than Entitled ratio. Hope it is clear now

1.4. Ayush Jindal

| Link|June 2, 2023 7:17:57 PM

@kousik Chakravarti

I don't remember any such case in the past now. But you can refer to this buyback as an example. There is no 100% acceptance in the Team lease in the case of a single share.

1.5. lokes

| Link|June 3, 2023 9:37:54 AM

@kousik: its wrong observation from you...first shares will be given as per ER ratio to multiple shares holder then from rest left shares, it will be given to single share holders, not the way the first 1 share will be accepted from everyone...so no of application less than no of shares doesn't mean all single shares will be accepted, all those applicants are not holding and tendering only single share....

1.6. SOAM

| Link|June 6, 2023 12:47:28 PM

@lokes : Thank you for sharing your wisdom. Even I too have this query which got answered. one of those genuine person who's in this forum to be followed for Buyback, IPOs. Any way to connect you ?

1.7. Kousik Chakravarti

| Link|June 7, 2023 12:44:11 AM

@Ayush,papon and lokes
Thanks for explaining.I have gone through "basis of acceptance" section and found my concept wrong.Here in Teamlease I have seen many people are saying that their single share applications are not processed successfully.

Now if total number of applications is well below total no of shares reserved for small investors,can it be concluded that all single share applications will be processed successfully?