For retail price on record date * number of shares must be less than 2.0 lac and for general it must be more than 2.0 lac Most of the time general category acceptance are much much less that retail category as there are 15% reservations for retail category. You may go with any category.
For hedging strategy expecting 20% acceptance ratio, should I sell September future and hold the shares and future position till settlement or sell July future and square off after record date and again sell it when tender window gets open and square off after settlement?
also the difference between stock price and future is very high around 10 rs resulting in 13000 rs difference to sell fut and buy shares. is it expected to come down or will increase further?
For hedging you can do both methods as u say. But I think in August settlement done. Another thing Difference between equity & Fut. Is high. 3-5rs gape good as 3rs dividend on july 15. I done same thing 2 days before. Bought equity shares and sold July future. But i did Trading at 5rs difference between Equity and fut.
You can wait for decrease gape between equity and future prices or
Do trading just before 2 days from ex-date ( 14 july ) . Thn squre of next day after record date ( 15 july ). In this method you may get loss of 1-3 rs only of difference between prices.
Had one share each in 2 different account message received in both the account that 1share debited...however the shares are stil reflecting in demat account and there is no amount credited in either of the bank accounts... request guidance from experts... pls help @ksrk sir @mravi sir @ipoexpert
Noor ji, At the first instance, the shares held on the Record Date and tendered for the buyback will be debited. If the shares are not accepted, they will be credited back. In such cases no crediting of the amount of the buyback. If shares are accepted, the resultant amount of the buyback will be credited. I hope that your doubt is cleared.
Asahi Songwon Colors Buyback
Any one has received msg reg acceptance of shares