This is out of context but can the experts in the forum explain how Buy Backs (Tender Offers) are done?
What if the company receives more applications from investors who wish to tender their shares for cash than the limit set by the company? Will it be a lottery system just like IPO's or what is the exact process?
In a buyback, first the Entitlement Ratio is derived based on number of shares held on record date.
For example, L&T has set the entitlement ratio for small shareholders as nine equity shares for every 38 held as on the record date, while for general shareholders it was 11 out of every 574 shares.
Based on actual number of shares tendered, Actual Acceptance Ratio gets determined and shares tendered are accepted by company. Any additional shares tendered are returned back.
Do you know, a small shareholder for the buyback is a shareholder who holds the equity shares with a market value of Rs 2,00,000 and lesser as on record date ?
In my case, all the shares (100%) were accepted in L&T buyback last year yielding tax free returns.
As per recent budget proposals, Profits earned through Buyback have also been brought under tax net w.e.f. October 1, 2024 and will not be attractive any more. Hope it helps 😊
Minor correction, @Chhote Lal bhai. Will not be *as* attractive. May still be attractive if the mark up is significant. Depends on the intent of the buyback. Those companies which are known for buybacks may still offer lucrative rates.
Is there any thread on any of the IPO pages for Hind Zinc OFS? I couldn't locate any.
20. abc xyz| Link| Bookmark|
August 14, 2024 7:21:59 PM
IPO Guru (1400+ Posts, 1400+ Likes)
Great day for Members of Kaynes Technology & Senco 🌟🏆 Gold. Today Kaynes made a new high of 5036 and closed @4868.80
Exact reason for this steep rise is not known but the approval for Semiconductor plant is still awaited.
Senco Gold also made a new high of 1177 and closed@ 1099. The members of both may be feeling great in this deep red market. Really True Gem 💎 and feeling great.
Price movements are mostly news driven post result announcements and gets absorbed in due course.
Recall your conviction on Easy Trip Planner (or ease my trip, EMT), as shared in this forum some time back when related industry IPOs were floated. Incidentally, EMT has once again dipped and is available at Rs 38 /Rs 39. For all, Please don't consider it as any recommendation or call.
20.2. abc xyz| Link| Bookmark|
August 15, 2024 9:40:12 PM
IPO Guru (1400+ Posts, 1400+ Likes)
On 14th August Kaynes & Senco both gave me handsome gain in intraday and which gave me great freedom on our Independence Day. Till the date both have me excellent returns in intraday as well as short term basis. I am sure that the other people may have gained from both stocks.
I have bought EMT just before 3-4 days of Ipo of traveling ✈️️ company & sold it with 10% gain. I usually find happiness in small🤏 things and with small profit. Now I don't have EMT in my portfolio.
Wishing you Great Independence Day. Paint yourself in the colours of Tiranga and spread kindness and love this Independence Day. Vande Mataram
@abc xyz Great day again for shareholders of Kaynes Technologies today. Made a high again of 5,209.50 and closed at 5,077.85 a gain of 216.95 on BSE today. I am holding some IPO allotted shares. I am watching this shares regularly. Did you make any intraday gains today ? All the best.
20.5. abc xyz| Link| Bookmark|
August 16, 2024 9:54:04 PM
IPO Guru (1400+ Posts, 1400+ Likes)
@PKRAJ So glad to see you here after long break. Yes today made good intraday gain and that to thrice in a single day. I just love ❤ Kaynes and this type of stocks which not only makes wealth but very good momentum in a single day and darling of investors. I pray that everyone may have this type of stock in their portfolio which can change the lifestyle of the individual👤. I am thankful 🙏 to the Supermighty God for having this type of stocks. @Bibhu I have sold it around 145 and don't have any Adtech now. But don't worry it will give good return over a medium term. All the best.
20.6. Sharvam| Link| Bookmark|
August 16, 2024 10:20:19 PM
IPO Guru (1300+ Posts, 800+ Likes)
I have 1 retail ipo allotment. Was alloted 2 retail lots but sold one lot @ 900. By the way I have 1 retail lot of CDSL, CAMS & HAPPIEST IN CDSL 15k turned to 2.8L,whereas in Kaynes 15k turned to 1.27 L
Hello guys, offtopic but serious. I am trying to transfer share from upstox to aliceblue from last 2 months. But for trusted account authentication it is pending from last 2 months. I have called several times to alice blue they said every time ki ho jayega but they have not done. Can i have any other option. Maine check krne ke liye 1 month pehle zerodha bhi dala but vo bhi nhi hua. Dear all who know about this please guide me.
16.1. UjwalG| Link| Bookmark|
August 13, 2024 6:00:51 PM
IPO Guru (1300+ Posts, 600+ Likes)
The broker has to approve the transaction when you apply through cdsl easiest. Do one thing, try one more time, and email upstox to approve the transfer. This shld be done then.
@UjwalG Ye me trusted account add kr rha hu aliceblue ko. To ye aliceblue approve krega ya upstox?
16.3. UjwalG| Link| Bookmark|
August 13, 2024 6:17:48 PM
IPO Guru (1300+ Posts, 600+ Likes)
@Future Millionaire Sirji its clearly written on upstox article that you need to mail them so that they manually process your application. Here is the article. https://help.upstox.com/support/solutions/articles/261363-how-to-transfer-shares-from-the-upstox-account-cdsl-to-another-cdsl-demat-account-
@UjwalG I have to mail to upstox for trusted account authentication?
16.6. UjwalG| Link| Bookmark|
August 13, 2024 6:32:48 PM
IPO Guru (1300+ Posts, 600+ Likes)
Do one thing, repeat the entire process of adding trusted account. Once the status shows, pending for authentication, mail upstox on (support@upstox.com) with all the details and ask them to approve. Your problem will be solved. I hope im crystal clear now.
Trusted account authentication has to be done by upstox in your case. But they will not do it as they don't allow transfer of shares through cdsl easiest. They only do manual processing. One of the reason I stopped trading in upstox. Google "upstox procedure to transfer shares" and you will get the answer on how to do it manually (through physical form submission).
You have to send email to their support team with screenshot of added trusted accounts. They do it in a couple of days. I have done it and they approved very prompty.
14.8. CJ ROCKS| Link| Bookmark|
August 13, 2024 6:10:27 PM
IPO Mentor (800+ Posts, 500+ Likes)
@Hawa ho gya Ask for admin to share your E-mails to each other. Don't❌ try to share your insta ID., X handle, phone no. in the forum as it is against forum rules.
@newgen consultancy Hello sir, what is your take on this IPO? Can you share your thoughts, please? Does it look Overpriced? or do we still have a chance of an upward move?