20X bid in the buyback by shraeholders. 10 crore share bid by retail shareholders only. in my opinion, Acceptance ratio will be slightly better than the entitlement ratio. 28-30% Acceptance ratio
For eligibility under retail category: Those who have 57 shares in their Demat account by today's evening will be counted as Retail shareholders under Buyback program.
50 shares tendered all 50 accepted by the company.
As per contract note, brokerage, STT, GST, BSE Exchange transaction charges, Stamp Duty etc Rs 474 for 1,60,000 (3200X50). Also take into account CDSL transfer charge Rs. 32 for demat share transfer. So final total charges levied Rs 506.
Basis of Acceptance of Equity Shares validly tendered in the Reserved Category for Small Shareholders:
Subject to the provisions contained in this LOF, the Company will accept the Equity Shares tendered in the Buyback by the Small Shareholders in the Reserved Category in the following order of priority: a) Acceptance of 100% Equity Shares from Small Shareholders in the Reserved Category, who have validly tendered their Equity Shares, to the extent of their Buyback Entitlement or the number of Equity Shares tendered by them, whichever is less. b) Post the Acceptance as described in Clause 19. (VII) (a) above, in case there are any Equity Shares left to be bought back from Small Shareholders in the Reserved Category, the Small Shareholders who were entitled to tender zero Equity Shares (on account of ignoring the fractional entitlement), and have tendered Additional Equity Shares as part of the Buyback, shall be given preference and one Equity Share each from the Additional Equity Shares applied by these Small Shareholders shall be bought back in the Reserved Category. c) Post the Acceptance as described in 19. (VII) (a) and (b) above, in case there are any validly tendered unaccepted Equity Shares in the Reserved Category and Equity Shares left to be bought back in the Reserved Category, such Additional Equity Shares tendered by the Small Shareholders over and above their Buyback Entitlement, shall be accepted in proportion of the Additional Equity Shares tendered by them and the Acceptances per Small Shareholders shall be made in accordance with the SEBI Buyback Regulations, i.e. valid Acceptances per Small Shareholder shall be equal to the Additional Equity Shares validly tendered by the Small Shareholder divided by the total Additional Equity Shares validly tendered and multiplied by the total pending number of Equity Shares to be accepted in Reserved Category. For the purpose of this calculation, the Additional Equity Shares taken into account for such Small Shareholders, from whom one Equity Share has been accepted in accordance with clause 19. (VII) (b) above, shall be reduced by one. d) Adjustment for fractional results in case of proportionate Acceptance, as described in Clause 19. (VII) (c) above: i. For any Small Shareholder, if the number of Additional Equity Shares to be Accepted, calculated on a proportionate basis is not in the multiple of 1 and the fractional Acceptance is greater than or equal to 0.50, then the fraction would be rounded off to the next higher integer. ii. For any Small Shareholder, if the number of Additional Equity Shares to be Accepted, calculated on a proportionate basis is not in the multiple of 1 and the fractional Acceptance is less than 0.50, then the fraction shall be ignored. In case of any practical issues, resulting out of rounding-off of Shares or otherwise, the Buyback Committee or any person(s) authorized by the Buyback Committee will have the authority to decide such final allocation with respect to such rounding-off or any excess of Equity Shares or any shortage of Equity Shares after allocation of Equity Shares as set out in the process described in Clause 19 of this LOF.
Matrimony buyback for retail shareholders: the calculation as in buy back letter
In compliance with Regulation 6 of the SEBI Buyback Regulations, the reservation for the Small Shareholders, will be higher of: i. Fifteen percent of the number of Equity Shares which the Company proposes to buy back i.e. 15% of 6,52,173 Equity; Shares which works out to 97,826 Equity Shares; or ii. The number of Equity Shares to which the Small Shareholders are entitled as per their shareholding as on Record Date i.e. (7,00,769/1,14,22,610) x 6,52,173 which works out to be 40,011 Equity Shares.
Since promotors are not participating , 97826 shares bought back from retail shareholders.
Is it 7 crore shares under 2 lakh market value or face value? If it is market value according to company PDF only 10 noninstitutional investors have more than 2 lakhs, which is absurd for a 37K crore company. I think it should be FV, right?
If you look at TCS shareholding pattern on BSE only 7 people have more than 2 lakhs. Has to be FV, because 2 lakhs se zyada TCSme to Dadar Station me hi 100-150 log mil jayenge. :D
Experts please help! Is there a way to approximately know how many people hold less than 2 lakh market value in a stock?
No one knows how much shares are in retail category holders. Because company gives list of share holders valuing as per face value. Only registrar knows. Ex buy back date is 1st June, so new share holders will be added till then
I think tomorrow final settlement of orders will happen and we will come to know tomorrow about acceptance ratio. 21st Jan was the date for settlement of bids.
Only 48% acceptance ratio in retail. Anyway after all the deduction (STT, Exchange charges, Zerodha buyback fee, Depository charges) Rs 698/ share. Anyway good profit.
Airtel Renounce RE share will be trade from 5th October to 14th October. Who got allotment of RE and hold after 14th Oct Should pay 133.75/per share on or before 21st October. Most probably RE price will be start 140 on 1st day. RE price is based on the Current Price 675 - Rights Issue Price 535 = 140. 😁👍. All the best
out of the total shareholding of retail category, at present around 40% shares have been tendered. hopefully acceptance ratio will be in the range of 40% plus.
all retail investors benefitted.