Tata Technologies Limited IPO Message Board (Page 45)

BB 2022
TCS ER was 14% (if I remember correctly)
And AR was 25%
BB 2023
ER @16.8%
AR. ?
my estimate is 30-35%

One should tender more than entitlement shares in this Buyback .. AR can be higher side.. although no guaranty.. Just a assumption
Personally I will tender more shares here..

​@diwan kapoor Does it work this way ...never tried more than allocated shares . Will system give an option to fill in more than allocated? Pls advise ..I have demat in ICICI bank

Yes, it allows. I have icici direct account and always tender more than entitled.

@ harit.. Ji.. Yes it work..in Last BB of tcs..I tendered my more than entitled share & also got accepted some 2 to 3 shares more
System accept more than entitlement shares in my DP.. With Bonanza

My two folios in tcs 30/35 entitlement nil in both folios

Thanks @diwan kapoor ..that's gr8 piece of info .

​@diwan kapoor  Thanks a lot. 🙏

So if I have 10 share in my demat, but still can tender for 55 shares and acceptance will be based on 55.

What is ER and AR sir?
Givesome detail

No, @Basuvr You can only tender what you have not more..in. your case 10..

Total number of shares that are held on the Record Date can be tendered for the buyback. Normally, acceptance will be more than or equal to the entitled shares. Hence, it is suggested to tender all the shares held on the Record Date as communicated by the Registrar for getting the maximum acceptance.

Tender all the shares you had on record date..

BB 2022
ER was 14%
I was holding 44 shares
Tendered all 44
Accepted 10
AR was 25%

Now I am holding 34
ER 16.8%
Will tender 34
AR ?(may be 40%)
Accepted ?(may be 11-12)

Yes @KAMMA SHIVA.. JI you are correct dear
@Vimal ji.. You are wrong.. Sir
@Basuvr ji.. Yes you can surrender your all 55 shares in.. Tcs buyback..more than your entitlement share will be accepted,here surely.. as per my experience.
@Swar ji.. About ER you will get mail & AR can not be predicted right now..
Have a nice day to all of you 🙏

@Jaggi ji.. Tender your all shares in Buyback.. Inspite of nill entitlement.. Your some share will be accepted.. asper my openion

@diwan kapoor, he said he has 10 shares in demat, how can he tender for 55?

My mail shows only 5

harit Ji, I have only 1 share since 2month. Can i tender my only 1 share.

Entitlement ratio is minimum shares which will be 100% accepted for all. And if someone doesn’t tender his shares that quota shifted to others in proportionate basis on how much other tender , maximum to shareholding on record date. So one can tender maximum share which holds on record date ..don’t waste your time and money in tendering if you don’t have on record date.

​@GULSHAN RAWAT 

Yes, u can tender 1 share
And almost 99.99% it will be accepted.

Kise ne Linkin time ke site pr offer letter check Kia h tcs ka
Mere 8 accounts ka invalid pan aa rha h jbki last 1 year se shares h n dividend bhi aa rha h

@crsl Ji, Thank you.

​@Basuvr ji, if you have only 10 shares as on record date and if the acceptance ratio is 17 then are entitled to tender only 1 or 2 shares. But you can always tender all of your 10 shares, but not 55, since you didn't had 55 on record date.

It’s once again reiterated that a mail from the Registrar will be received wherein the particulars, like the number of shares held on the Record Date and the number of shares of Buyback entitlement, are mentioned. Hence, you will be knowing the number of shares held on the Record Date. If you are not holding any shares on the Record Date, you will not receive any communication. Even if you tender some shares for the buyback, nothing will be accepted. Hope it’s clear.

​@Jaggi All your shares from all folios are aggregated, which comes to 65 so you come under general category that is why your ER is so low or zero. You can tender all shares but AR will be very very less 3% or 4%.

​@RoK Thanks for confirrming that he cannot tender 55 if he has just 10 shares..

​@RoK @Vimal Garodia @diwan kapoor  Thanks for the clarification and sharing your knowledge, this is why I like this forum and CG members . Thanks again 🙏

​@Manikj 
Same mera bhi invalid pan aa raha he 4 account me 2 years se he.

​@diwan kapoor With all due respect, I think you misunderstood his question. His question was

So if I have 10 share in my demat, but still can tender for 55 shares and acceptance will be based on 55.

The answer is a clear no, sir..

@Vimal Garodia ji..
@Basuvr ji...
How can you sold the share untill you don't have them in your dmate a/c..so in similar way you can not tender those shares which you don't have in your dmate a/c..tendering more than holding shares is really funny & non realistic.. I can not expect this unrealistic idea from any investor .. Have a nice day dear 🎄

​@diwan kapoor  We all had same question if one can tender more than one's holding in demat .....if now you clarify that not more than holding can be opted then how can one go in for more as suggested by you . Seems answer is simple , irrespective of AR , which does vary from demat to demat as if one's ratio is in decimal he gets whole number, may be even less or more also but demat holding determine your participation....hope it make sense and clearer.

If a person has 34 shares on record date and his entitlement is 5 shares. He can not surrender more than 34 shares in buy back. If he surrenders 5 shares then 5 shares will be accepted. If he surrenders 20 shares then 20% of additional shares will be accepted. That is 5 plus 20% of 15. So 8 shares will be accepted. 20% is my guess it could also be 15% or 25% etc. If he surrenders 34 then 5 plus 20% of 29. So 10 shares will be accepted

Let's consider a case scenario where in the total shares submitted under BB is 1x of total no of shares offered for BB then this entitlement as per sanctioned offer is valid ......Suppose the shares submitted is less than 1 X then AR will be higher as we assume that not every one will go in for BB which does happen as observed in past .

When price difference between BB price and market price is big at the time of tendering shares, than AR is found lower
In earlier BB 2016/2018 the gap was narrow so AR was 100% bcos you tender or sell in open market you get same rate but this time it's nearly 20% so AR will be 30-40%
Also geopolitical condition are not favouring TCS
So people who willing to hold TCS may tender their existing holding and may buy TCS from market using BB money and get some profit
Add to that
Many people whom I know don't indulge in BB program ever

Plus

Gray market also active in BB also(below 2 lac investment and profit confirm 7-8000 with 1 month square off/account)
So they will certainly tender

​@investormahesh 
You are 100% correct..👍

Hello folks,
I know you all are more intelligent more senior from me and I am respect all of you awesome guys... But can you post this buyback messages on buyback page.
because whenever I am opening tata tech ipo page this buyback thread is on the top.
Humble request Please don't take personally. After all you guys are awesome in any topic.

​@Seth. Now what to do now?

​@The Nest 
My apology

​@Vimal Garodia  Can't agree more with you on this 👍👍 I also pointed the same and this helps.
Sorry @The Nest  We cam to conclusion I hope 😄😄

Is it compulsory to physically submit all form in tender in buyback

One can apply for buyback online as well as offline.

In earlier buyback(@3000), I was entitled for 10 share out of 30(approx). I tendered all 30 Share assuming slightly higher side acceptance. But they accepted 100% 🤔
Then I had to buy @3100. so be clear about buy back.

​@Manikj I'm also in trouble.
Data pending he ya kuch error he samaj nahi aa raha muje.
NSDL me account he appka?

Eligibilty in some account is not showing....

​@Seth. Cdsl me accounts h
Registrar of holding statement bheji still keh rha h record date me dp me shares ni the.
Ab kya karna chahiye any idea

​@Manikj Ohhh
Mene bhi mail kiya he abhi , lagta he muje yahi reply dega.
Shares to mere 2 sal se vese hi he , linkintime to kitna bura kam karta he😢
I have no idea kya kare ab

Have anybody received mail from TCS regarding the Buyback? I have not received so far my 4 family accounts.

​@Thiagarajan Ramasamy We are in same boat
Have you check on website here :
https://web.linkintime.co.in/Offer/Default.aspx

Showing me invalid pan although have since 2 years in 4 accounts

​@Thiagarajan Ramasamy  I have not received the mail, but can see details at Linkin site 🙏

I wad holding 60 shares but my elegible share for buyback is Zero. Why?

Mr SHETH

Pls put pan number in caps letter

​@Thiagarajan Ramasamy Ji, yes, I received it, but it was in junk folder, so please check there also.

Nicks bhai did that also but looks like its data error by linkintime.

​@HSharma It's because of 60 shares come above 2 lac catagory so entitlement would be 1% approx but final AR would be 4-5%

I quote from the tender form for everyone's benefit to clear all the confusion on how many shares one can tender and how these will be accepted.

"Note: An Eligible Shareholder may tender Equity Shares over and above his / her / its Buyback Entitlement. Number of Equity Shares validly tendered by
any Eligible Shareholder up to the Buyback Entitlement of such Eligible Shareholder shall be accepted to the full extent. The Equity Shares tendered by
any Eligible Shareholder over and above the Buyback Entitlement of such Eligible Shareholder shall be accepted in accordance with the Letter of Offer."

​@diwan kapoor You are absolutely correct. One must tender maximum holding shares. Normally more share are accepted than entitlement. Many share holders don't want to participate and many have no knowledge about this BB and many more reasons. This is individual decision.if want to sell other than entitlement because bought at lower levels and knows that AR is not going to be great. In many BB of shares of different companies, share prices have appreciated a lot after BB. . TCS is one of the worst cases where it has not happened and share holders are not benefited. BB again and again don't seem to be fruitful in TCS. My views
One case of CARE Rating I remember where prices have appreciated very well. I am holding IPO allotted shares. CARE Rating was amongst the companies when application wise allotment started. Members might be remembering. BSE was another example. Many more may be there. @KAMMA SIVA RAMA KRISHNA 
I have already received mail in this regard.
Good luck to all.

Not yet out

Lekin kahna kya chahte ho??

Nice edit