210. Aniketiaf| Link| Bookmark|
November 5, 2020 12:46:25 PM
IPO Guru (1800+ Posts, 10200+ Likes)
GOBIND,
PROCESS OF BUYBACK
The process to tender the shares can vary from brokers to brokers. A general process is an online form that you will get in your email by registrar of the buyback. There are basically three main data/information available on that Tender form -
1. No of shares held on record date: Should be defined by the broker automatically. In our hypothetical example above this should be 100 for the investor. 2. No of shares entitle for buyback: Should be defined by the broker automatically. In our hypothetical example above the investor is eligible for 10 shares in the buyback. 3. No of shares offered for buyback: Should be filled by the shareholder. He can tender any number of shares between one and all ( Holding on record date). There is a time limit to fill the form and submit it. The filled detail form are then sent to Company’s RTA (Registrar and Transfer Agents) by the broker.
Once the form is submitted, the number of shares in your demat account will be reduced by the number of shares tendered in the buyback offer .
After the verification from RTA, the buyback amount will be credited directly to your bank account (not in your demat The exact process should must be asked from your broker well in advance. Thanks.
Sir, can I know where and when would I get the form to participate in the buyback?
210.4. Aniketiaf| Link| Bookmark|
November 9, 2020 3:05:41 PM
IPO Guru (1800+ Posts, 10200+ Likes)
lshah, You will get the form in your registered email by registrar of the buyback about one week before buyback started. If due to any reason, you don't get form in your E- mail then you can mail/call to registrar, they will re-send on same day. Thanks.
Let's all unite and avoid this IPO. This IPO should set an example for remaining chinese owned/involved companies. We should show them the power of INDIAN.
Humble request to everyone, please avoid this IPO. We can earn money in some another IPO. But we cannot earn our respect if we don't have unity.
Lets all stand and ===== SALUTE YOU ===== for helping the fellow citizens by citing such true reasons . I have a small request for all the members to express their gratitude in forum . In future we should all UNITE and INVEST whether the IPO is listed in premium or discount it makes no difference...
205. Manup| Link| Bookmark|
November 9, 2020 12:37:22 PM
Top Contributor (400+ Posts, 200+ Likes)
This message has been removed by a moderator.
205.1. ipo share| Link| Bookmark|
November 9, 2020 1:31:36 PM
IPO Guru (1500+ Posts, 700+ Likes)
If S P Tulsiyan has recommended to apply, then it is a total avoid.
204. Chem cho| Link| Bookmark|
November 9, 2020 12:29:03 PM
IPO Guru (2500+ Posts, 2700+ Likes)
Seems retail investors are not much interest in this IPO
204.1. P Patel| Link| Bookmark|
November 9, 2020 1:14:55 PM
IPO Mentor (900+ Posts, 900+ Likes)
Sirji - Retail investors are getting more and more smarter now :)
Only 45000 Applications so far in Retails. Lagta hai Retailers ab Samajdhar ho gaye hai:)
201. arunARUN| Link| Bookmark|
November 9, 2020 12:38:27 PM
IPO Guru (1900+ Posts, 1600+ Likes)
Issue will be deemed successful as they have already raised more than 90% of fresh issue requirements. Person offering share for sale can always reduce their offering. At worse they will have to suffer lockin period of 1 year and would be able to sell via QIP or in market post listing after completion of lockin
So not able to understand that how not participating in issue will change any thing?
face value is 1 rs that means actual cost of shares would have been rs 15000 rs if it face value was 10 rs.So i think its very costly.
200.1. arunARUN| Link| Bookmark|
November 9, 2020 12:29:04 PM
IPO Guru (1900+ Posts, 1600+ Likes)
This is not a logical thinking. If the face value of the share would have been Rs 10 then book value of this company per share would have been 2550.
Yes they could have reduced share price by giving bonus share to themselves and showcasing low offer price. Had they given bonus in ratio of 99 share to 1 original share the offer price would have reduced to Rs 15 and book value per share would have been Rs 2.55
Very greedy pricing - nothing left for investors! Shows the mindset of promoters and issue managers! What a pity that there is no consideration of investor interests! Ideally one should wait and see - mostly the stock will be available at significantly less after listing!