FREE Account Opening + No Clearing Fees
Loading...

Feedback Message Board



1 Comments

1. sdz   I Like It. 4|Report Abuse|  Link|March 14, 2022 5:17:36 PMReply
TCS retail BB shares = 60L
Retail total shares = 430L
So ER= 60/430=14%
Expected Tendered shares = 200L
Acceptance Ratio AR= 60/200=30%
Expected Entitled shares tendered =40L

Entitled shares not tendered which need to be bought from investors who tendered shares more than their entitlement =60-40=20L

So 20L shares to be bought from (200-40)=160L
So Additional ratio or say Factor= 20/160=12.5%

Eg. I hold 49shares on record date and got 7 shares entitlement. If i tender:

1) 15shares: 7+ 8*12.5%=7+1=8 shares accepted
2) 31shares: 7+24*12.5%=7+3=10shares
3) 49shares: 7+42*12.5%=7+5=12 shares accepted
1.8. sdz   I Like It. |Report Abuse|  Link|March 17, 2022 2:01:02 PM
@IPOstonks...Individual investors tendered 2.11cr in BSE and 0.72cr in NSE. So total 2.83cr @ 1.45pm today. i'm not sure if individual investors means below 2lk (56 or below shares on record date). Experienced members in Buyback process can give more clarity on this
1.9. ipo stonks   I Like It. |Report Abuse|  Link|March 17, 2022 2:11:23 PM
@sdz you are correct i was watching figures from NSE only, thinking it will consider from BSE too. You are correct.