Total Individual investors tendered 6.5cr shares. Anyone any idea from prior buybacks experience about What % of this would be by small investors under 2lk category? 30% or 40%?
no one can tell this, no guess even. previous tcs buybacks were different since price during tender period was near to buyback price so AR was 100% in retail. Better don't keep assuming and don't look much. In some days, you will come to know anyways.
@Lokes…nothing wrong in making assumptions or expectations even if there is nothing you can do. It is same as applying for IPO and later making assumptions for allotment and listing price 😀
Else, Forums will go dry post buyback tendering and IPO application if everyone say stay calm anyways you’ll come to know within few days 😜
Total individual shareholding as of 31st Dec 2021 was 3.83%. As of record date, small shareholding was 1.1%. based on this, we can assume around 30% retailer applications out of 7 Cr so for. Hence, it we extrapolate this figure, retail acceptance could be in the range of 25% to 30%.
Final figure will come only when we see money credited.
@Pramod…good analysis bro. Even I’m expecting 25-30% AR as small investors held 4.1cr shares on record date. and currently total individual investors tendered 7.1cr shares and assuming 30-35% are small investors