TCS is ex buyback from 14th August 2018. Record date is 18th August 2018.Who has purchased on 13 the August 2018 are eligible for buyback. But transfer TCS shares in your DP from pool account, before 18 the August.
Hi Friends, Can anyone please suggest brokers who allow margin against mutual funds holding to trade in fno. Regards Satya M
296.1. dpcdsl| Link| Bookmark|
August 14, 2018 11:37:11 PM
Top Contributor (400+ Posts, 200+ Likes)
Some open ended mutual fund units in demat form can be accepted as margin for F&O and every broker is bound to accept them as collateral if it appears in "Approved List of Securities" updated every month by exchanges. The list can be accessed on exchange web site or through brokers.
Creditaccess is good micro finance compay with high market growth. I might be lucky this time once again similar to the returns I received in HDFC life. I had applied in hdfc life against all negative recommendations of many analysts. However I had made a profit of Rs 50000 on the listing day itself from three different accounts.
Credit Access is the second biggest MFI after Bharat Fin inclusion. The latter is merging with IndusInd Bank shortly. Thus Credit Access will become the biggest MFI. This IPI should, therefore, give handsome returns to investors. All subscribers to the issue should keep their fingers crossed and hope for the best.
listing will be around 445 or i can say premium of 20 to 25 RS... the reason behind not applied by QIB and NII category is AMOUNT blocked by bank for 10 days and i think this is the one must reason that interest cost is more than the listing gain is expected by QIB and NII Category.
284.1. P M| Link| Bookmark|
August 13, 2018 2:43:01 PM
(1100+ Posts, 1100+ Likes)
May be because till listing no pending issue about CreditAccess. Everyone who applied as HNI/RII will get confirm allotment and no one expecting high returns on listing. Those who allotted may be praying not to list in discount.
@chd it was known to me but still i applied because promoters and LM can understand we have over priced the ipo.
282.1. CHD| Link| Bookmark|
August 14, 2018 10:26:21 AM
(1100+ Posts, 500+ Likes)
No chance ...with IPO more than fully subscribed .... allotment will at 422 only ...Senior ...
282.2. CHD| Link| Bookmark|
August 14, 2018 10:28:07 AM
(1100+ Posts, 500+ Likes)
....but with expected discount listing , you may buy even at sub- 418 prices ...as many as you want ...all the best ...!!
281. Ou Ai| Link| Bookmark|
August 14, 2018 8:37:02 AM
Top Contributor (300+ Posts, 300+ Likes)
Soon after HDFC AMC issue, L&T Technology services came with an OFS that was open on 2nd August to institutional investors and 3rd August to retail at the floor price of 1400. The market price dipped to 1417 that day and retail subscribed by 50 %. Full allotment of 142 shares a given at 1400 to retail up to all those who applied for 2,00,000.00
Share price climbed back to 1503 in just 11 days in a declining market. Many missed this issue in post euphoria of HDFC AMC that closed earleir...
Mazagon Dock Shipbuilders Limited approved by Sebi.
279. P M| Link| Bookmark|
August 11, 2018 10:37:35 AM
(1100+ Posts, 1100+ Likes)
@techuser
MPHASIS BUYBACK (1350) ===================== Brokerages expect acceptance ratio 70-80% Considering 1250 as record date closing price & 1150 as buy price As per 1250 max shares holding for retail is 160 (may vary depending closing price)
** brokerage charges not included ** Favourable for acceptance ratio above 60%
HCL-TECH BUYBACK (1100) ====================== Trading only for buyback, expected acceptance ratio may not favourable (around 20% if 100% retailers participate)
279.1. techuser| Link| Bookmark|
August 11, 2018 11:34:56 AM
IPO Mentor (500+ Posts, 300+ Likes)
Thank you so much for your valuable information. I'm thinking to buy it 150 shares then. I won't buy it at once, may be I'll buy 25 shares at a time and try to average it, but I doubt it will come down now as buy back is declared.
279.4. P M| Link| Bookmark|
August 11, 2018 2:44:08 PM
(1100+ Posts, 1100+ Likes)
Weizmann Forex -------- acceptance ratio may not favourable around 6% (if all retailers participate) JustDial ------------------- acceptance ratio may not favourable around 13% (if all retailers participate) Music Broad Cast (Radiocity) ----------- Buyback from Open Market not through Tender Offer
size of hcl buyback offer is 4000 crore and mphasis is only 900 crore..and still u r expecting 60% acceptance in mphasis and 20% in hcl..what kind of calculation is this..don't say less shareholders in mphasis.now a days buzz is such that everyone comes to know every news..and buyback is a heated topic now..
279.7. P M| Link| Bookmark|
August 11, 2018 9:47:45 PM
(1100+ Posts, 1100+ Likes)
@AhireR
For Mphasis 1. not given my expected ratio is 60%, told favourable ratio is above 60% 2. already mentioned Brokerages Expect ratio https://www.moneycontrol.com/news/business/markets/mphasis-buyback-is-there-a-short-term-investment-opportunity-2825631.html
For HCL-Tech already mentioned if 100% retail participates https://www.financialexpress.com/industry/reiterate-hold-on-hcl-tech-with-tp-of-rs-1000/1248614/
ALREADY MENTIONED IN TCS BUYBACK COMMENT Expected ratio may mismatch i.e. ex. of Infosys & AFTER ALL DECISION IS INVESTORS.
yes but this year scenario is different than last year..many came to know this year only that buyback is a great opportunity to make short term gains..so i think all analysis will fail..but since IT sector is outperforming..one should opt for 50% buyback and hold remaining for long term..it's the only awarding sector at present in indian market
Acceptance ratio in buyback totally depends on share tendered by retail investors.
In May 2017, TCS acceptance ratio was 100% whereas people were expecting 60%.
Exactly reverse, in Nov 2017, infosys acceptance ratio was only 28% when people were expecting above 60%. Both were big buybacks.
In TCS buyback, looking at awareness and increase in retail investors, this time the acceptance ratio won't be high. It will be around 50 to 60% but depends on how much retail tenders.
Mphasis buyback looks attractive but the size is very small and any increase in retail investors till record date, the acceptance ratio will drastically come down.
279.10. dpcdsl| Link| Bookmark|
August 13, 2018 1:11:42 AM
Top Contributor (400+ Posts, 200+ Likes)
The risk of withdrawal of offer shall remain there till bid counter opens as we seen in case of PC Jewellers and some other Buy Back offers which were withdrawn.
INFOSYS BUYBACK BUYBACK PRICE -- 1150 CLOSING PRICE ON RECORD DATE --- 927.05 ELIGIBLE MAX.SHARES ------ 215 (As per your calculation it should be 200000 / 1150 = 173)
MAX SHARES = 200000 / 927.05 = 215
Infosys Buyback Letter Offer - Page # 7
Small Shareholder An Eligible Shareholder who holds Equity Shares of MARKET VALUE not more than Rs. 200,000/- (Rupees Two Lakhs only), on the basis of the CLOSING PRICE on the Recognized Stock Exchange registering the highest trading volume as on the Record Date, i.e., November 1, 2017
Page # 39
23.5.3. As defined in Regulation 2(1)(la) of the Buyback Regulations, a "Small Shareholder" is a Shareholder who holds Equity Shares having market value, on the basis of the closing price on November 1, 2017, i.e., the Record Date, of not more than Rs.200,000 (Rupees Two Lakh only). As on the Record Date, the closing price on NSE, being the Recognized Stock Exchange having the highest trading volume, was Rs. 927.05 per Equity Share. Accordingly, all Eligible Shareholders holding not more than 215 Equity Shares as on the Record Date are classified as 'Small Shareholders' for the purpose of the Buyback Offer.
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