Just comparing MOIL buyback based on NSE data: Total shares for Retail - 50Lakhs Shares tendered in Individual category = 12 crores (Retail + General) ER - 19.6% AR - 65%
TCS so far: Total shares for Retail - 60 Lakhs Shares tendered in Individual category = 1.14crores (Retail + General) ER - 14% I was expecting 40% AR as per the above calculation..
I got confused after seeing msgs in this forum. Why is bse showing more number of bids since NSE always have more users.. Pls enlighten @lokes
@pigeon: it depends on brokers they via which exchange they are placing orders and many cdsl brokers like zerodha and others, place orders via BSE mainly so in BSE you are seeing more buyback tender order volumes. you need to see total BSE+NSE orders for buyback total orders. In tcs, AR can be around 30-40% in my opinion.
@ pigeon Primarily I expect that the AR will be about 30 % But taking the data submitted by you , I am tempted to extend it to 60% or above. Let us hope for the best.
@Asoke…what data by Pigeon made you to extend AR to 60%? 🤔 That 1.14cr num is just NSE, while BSE received bids for 6.22cr which is 85% of total tendered shares by individuals is missing
@sdz I have not verified data given by @ pigeon. It is a comparison based on nse data. Though these two are not comparable and we do not have any convincing approach to get a glimpse of the outcome, any guess may be far from the reality. However, the data of relative analysis has made me hopeful of a better ratio as it speaks of something in that direction.
Just comparing MOIL buyback based on NSE data:
Total shares for Retail - 50Lakhs
Shares tendered in Individual category = 12 crores (Retail + General)
ER - 19.6% AR - 65%
TCS so far:
Total shares for Retail - 60 Lakhs
Shares tendered in Individual category = 1.14crores (Retail + General)
ER - 14%
I was expecting 40% AR as per the above calculation..
I got confused after seeing msgs in this forum. Why is bse showing more number of bids since NSE always have more users.. Pls enlighten @lokes