Feedback Message Board

Only if available at 700 approx. then can consider.

@Kdb,
Thank you for your kind feedback. We are glad to help.

@KAMMA SIVA RAMA KRISHNA,
Thank you for your kind words.

8 Share debited from account but money not credited to account till date what to do?

Balrampur Chini buyback decision on 9th November board meeting expected

@Admin please add Balrampur Chini open buyback @360. My buy price itself is 365😣

Birlasoft is making new lows every session. Buyback at 500 was to mislead? Many fund houses posted target of 400+ and it is moving to 250😣😣😣

Happy to see stable CMP of QH. Win win for all buyback participants.

I have tendered in Zerodha few days back but still shares not debited. In case of MOIL it was debit very fast post tendering. Zerodha showing order received. IS same case with other users?

ColdBurger ji,
When you tender the shares, they will be blocked in the first instance. At the time of finalising the acceptance, all the tendered shares will be debited and then the unaccepted shares will be credited back to the Dmat account normally in a day or two.

ER is just 8% Hope AR is better and above 40%. Due to market conditions tough to guess. I exited @173 and think it was good decision in such turbulent times.

Total retail quota is 8547820, individual bids 56099189 shares. assuming 40% of individual investors are retail, AR comes to around 38%.. let's see how will the final AR ..

Amit Sir,
Thank you very much for your update regarding the bids submitted by individual investors and your assessment of the AR in respect of the Retail Category.

I need help in understanding how to participate in open market buyback. Do i need to place daily sell order @875? I had good qty of UPL but now only 16 left looking to exit these now.

You can only sell in the market. The Company can at any time up to October 2022 buy its shares at ceiling price of Rs 875.

Company will try to buy at lower cost ..right? They will not buy for fixed price of 875/-. Setting GTT on Zerodha for 875 shall work I guess.

Relived to see AP above 25%. It was quite worrying due to market condition and high tender volume. Missed @KSRK sir a lot during TCS buyback.. Went by his suggestion for MOIL and submitted all in TCS. Hope TCS will touch 4K figure soon. See the TATA ELEXI how it is on fire in this market condition. Missed great opportunity today, flat 10% gain in 2 hour was on card.

Is there still hope for price appreciation before 23rd? I think no as one must buy on17th so they can tender on 23rd.

Seems AR will be not more than 25%. I thought BSE will have less bids but saw something startling. BSE itself have more than 200% bidding. Option to sell in open market must be considered.

BSE Total Bids: 8,68,97,818
https://www.bseindia.com/markets/publicIssues/BSEBidDetailsACQall.html?Scripcode=5687

NSE Total Bids: 1,25,31,030
https://www.nseindia.com/market-data/tender-issue-information?symbol=TCS&type=Active

TCS Tender status
https://www.nseindia.com/market-data/tender-issue-information?symbol=TCS&type=Active

Strange I got the buyback letter of 6 out of 46 but no letter for my wife's account 🥺 Family par ek hi count ho raha kya ab ..

I got for family members...

@Coldburger, for me it went into spam folder as there were 2 emails(for me and my wife) with
same subject . Please check in spam.

@lokes Your secondary market understanding is very good and I need help. I want to exit and re-enter TCS as market condition bad. Which date I can sell TCS so I am still counted for buyback?

@Jetha Lal,
Th maximum shares you could tender are the number of shares you hold in your demat account on the record date (Feb 23rd, 2022).

If you hold 1 share on the 23rd, you could tender only 1 share. It doesn't matter how many shares you had earlier or you buy at later date.

@coldburger: you can see my below reply to snipperraj:

if you sell on 21st, then 100% not eligible for buyback no matter which broker you are using.
if you sell on 22nd, then also its risky in case of buybacks, where sometimes if you sell on ex date then you are not eligible as seen many times before with multiple brokers. Buybacks are not like bonus/dividends where surely you will get benefit even if you sell on ex date. (may be from broker pool account etc which will not be applicable for buyback).
Selling on 23rd feb will be safe, to be eligible for buyback.

@jethalal: Pasting again as i replied to @vantage in below post on this same page:

Retail category is decided by 2 lakh value of shares on record date as per share closing price on record date, no matter how many shares you sell/buy after record date. And Max shares we can tender as per held on record date, no matter how many times we are buying/selling after record date and how many shares holding after record date.

Strange that TCS is not able to touch even 4k when ex date is on Monday. Hope during buyback period it picks faster. Need to track it regularly.

i think is ex date is 22

Looking at price action..seems AR will be least 60%. What experts have to say?

Price of MOIL on record date i.e. 31st Dec 21 was 169.10 which is lower than my acquisition cost per unit. Do I have any tax liability? Or it is Govt. liability to pay me refund 😊😁😁(on lighter note.. they are such a sucker...life goes paying tax..)

No tax liability on share tendered in buyback. even acquisition price of MOIL for me was Rs. 139 only, but hopefully I would not have to pay any LTCG on accepted shares under buyback.

Zerodha has not sent me any email to tender in Buyback!! They should send me email or not? Hope no trick here for me. Planning to submit tomorrow as price movement is bad.

There will not be any mail from Zerodha. Mail will come from registrar only. You can simply place buyback order for your shares in zerodha yourself in console/corporate actions.

Thanks for confirming. Please ignore my query in another post about that.

Based on comments on another site..
If ER is declared then i can sell my extra shares and submit only ER %age and get 100% acceptance?

Like below:
Shares: 1000
ER: 45%
Sold: 55% (550) in open market post ER declaration
Submitted to Buyback: 45% (450) and got all accepted.

Is the above valid or I still have to submit 1000 shares to get 450 shares accepted? Participating first time so don't have any practical knowledge.

Thanks @IPO Mitr and @Asoke Sarkar for sharing the knowledge🙏

it results in better EPS mainly after buyback is over, since shares bought back in buyback will be extinguished so company's net shares count reduces.

From tomorrow we can tender in buyback. In IPO forum I read that if someone has only one share then tendering on first day of offer period results in 100 acceptance.. So is there anything related to better chance better we submit? Sorry if my question is foolish, first time going for buyback.

Single share is sure to be accepted.
No preference like first come first serve even in case of single share .

Single share is accepted for sure.
No preference like first come first serve even in case of single share.

How much more wait!! It is should end soon. Two weeks already past since record date. Hope it gives good proffer with at least 50% acceptance ratio.

its not "much wait" actually. Always it takes around 3 weeks for the ER mail to come after record date. Then buyback starts in around 4 weeks from record date.