it was 100% acceptance ratio for retail category in 2018 and 2020 tcs buybacks. It depends on price movement during tender period, if price comes near to buyback price, then AR ratio comes as 100% since many retailers sell in open market already so don't tender.
Trust me, I tried finding the figures on net but I was only getting information on AR 100% but not ER. Even in Chittorgarh forum I could not find TCS 2020 page. That's why I asked.
@NKJ: Ya its ok. Previously chittorgarh forum was not having buyback pages, they started buyback pages recently from last year and still those were not active since mostly people were commenting about buyback sometimes on main ipo pages only. I had to put lot of efforts in comments and had to face lot of criticism from many people, to make these buyback pages active with the help of @KSRK sir. Now some footfalls are there on buyback pages too in chittorgarh, still some people who want to show off and to get more people attention, keep posting about buybacks on main ipo pages itself. Leave it, their wish. @Admin needs to decide these things anyways. Btw previously investorzone was main active site for buybacks, there in comments section all the extra information is available for older buybacks. I got from here only. https://investorzone.in/buyback/tata-consultancy-services-limited-tcs-buyback-2020/
Yes I remember that last year, some members had requested pages exclusively for Buybacks and remember @KSRK sir due to his uniquely long name (no offence :) ) and his absolute love for buybacks. I had just started following this forum that time so don't remember who else (including you) was there. And since then i come and check buybacks regularly but never participated in buybacks due to some confusions and fear that after important dates share prices are falling and i may get trapped. This time I am taking part in MPS with very low quantity to understand how it works.
Anyways, Thanks again for your effort for helping other members with your excellent knowledge you have acquired.
As per Anil Singhvi: As per the expectations of the market, around 18-24 shares are likely to be approved out of 44 shares. Remaining will trade around 3300-3600
The CMP of TCS is already near 4000 level and let's say it may be expected to oscillate near by 4000-4200 level leading upto few days before the record date (this is a very conservative view).
And last buyback of TCS suggests that there is likelihood of share price crossing BB price post record date or post shares debit date.
TCS has given good growth coupled with more than expected profit.
Does Anil Singhvi means to say that TCS will go HGS way.? This is little unreasonable why shareholders will punish TCS when there is no ground to do so.
May be he was in upset mood.. 😉
Sir, imho let's hope and pray for the best.
Counter view is more than welcome, I could be wrong also in my above assessment, more finer arguments are expected. 🙏🙏