Barbeque Nation Hospitality Limited IPO Message Board (Page 8)

Total retail Applications 298745
Basis of Applications 9.94 times... allotment ratio will be around 1/9..

NIIT buy back may open only in next financial year in April. The seem to be delaying to benefit promoter entity to defer the capital gains to next financial year as there is no capital gains in buyback. It is also possible that shares may have been sold by interested parties after record date earning profits. So on announcing the dates next month, they can buy at current price of 148 levels.

Retail investors like us buying at 180~200 levels are trapped by blocking capital inordinately. With current lower price, almost every shareholder submitting acceptance ratio likely to be few percentages higher than entitlement ratio. Profits on accepted shares will be much less than the loss on remaining shares. We need to be careful in going for buy back. Only PSU buy backs are normally beneficial..

Agree Ou Ai, one shouldn''t purchase shares for buyback purpose only ... as AR likely to be low, people may lose money...

Ou Ai ji, I completely agree with your views. Thank you very much for your message. Amit K Singh ji, thank you very much for your kind caution.
I am also holding good quantity of NIIT shares purchased @ Rs.202/-. Of course, the resultant loss would be set off against the profits earned on buyback of shares of previous occasions. Sometimes it happens. We have to digest and proceed.
Thank you.

NIIT buyback opens from 12 April to 28 April, settlement date 7 May...

Amit K Singh ji, thank you very much for your kind message.

Savita Oil (SOTL) buyback will open from 15th April to 29th April.

Dheeraj Luthra ji, thank you very much for your kind information.

As expected and stated earlier, NIIT is opening buyback in April 2nd week. Announcement on 31st March resulted in share price hitting 20% upper circuit ending at 165. Appears many with prior knowledge sold it earlier and bought back later as yesterday''s volume crossed 7 million on NSE. Having purchased equal quantity at around 143 levels , with difficulty managed to have an average price of 175. This may be breached on Monday and share may go to 190 to 195 or even more before opening buy back. Will exit 80% of total quantity of this stock with reasonable profit , if it touches around 195 instead of tendering entire lot at 240. It appears that even small shareholders tendered quota may get oversubscribed, with poor acceptance ratio. Balance shares may fall steeply with successive downward circuits effecting massive loss. The way this buy back is managed raises multiple questions on plight of small shareholders blocking their money at higher price inordinately with prices plummeting and played around. This experience tells, it is better to avoid mid & small cap buy back benefits and stick to large caps like Infy, wipro TCS and PSU ones.

Fully agree Ou Ai with your view. One should only apply in PSU , large cap, quality companies for buy backs. Buy backs of size more than rs 500 crore is generally considered as safe...

Btw,
A 100% AR was recorded in Indian tonner buyback , money was credited on 25th Mar in individual''s account.
Thanks.

Aniket ji, somehow I missed to purchase the shares of Indian toners and participate in the buyback. No problem. Waiting for future good chances. Thank you very much.

Buy back play is like buying into a lottery, though in a lottery you can lose your whole capital. We are in a bull market, just buy any blue chip company for short term if you are really looking for short term gains which is not a very smart idea.

Exactly 😄

281538 RII Applications Already applied

Sir i said for retail only 30000 around applications...
Total App recd 292996 till 3.38 pm