@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
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