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sdz's Comments

9 Comments

9. sdz

| Link|March 29, 2022 12:48:45 PMReply

Sold 37@3710. Another 37 are still waiting in another account

8. sdz

| Link|March 26, 2022 4:33:33 PMReply

Accepted shares per tendered shares is in the below table, when all buyback eligible shares on record date were tendered and from single Demat account only

1 to 7 - 1
8 to 12 - 2
13 to 16 - 3
17 to 20 - 4
21 to 24 - 5
25 to 27 - 6
28 to 32 - 7
33 to 36 - 8
37 to 41 - 9
42 to 44 - 10
45 to 47 - 11
48 to 50 - 12
51 to 54 - 13
55 to 56 - 14

Additional ratio for non entitled shares is around 11.5%. Ignore anamolies due to excess shaded distribution like it happened in 50 shares, accepted 13 for some and only 12 for some.

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8.1. lokes

| Link|March 26, 2022 4:37:58 PM

from one of my account, only 10 were accepted from 46 even.

8.2. sdz

| Link|March 26, 2022 5:01:40 PM

No way 10/46 Lokes…showed 6 Entitled on 46 shares in ER email earlier and you tendered all 46 shares and still 10? surprising if so

8.3. DINESH BHADADA

| Link|March 26, 2022 6:59:52 PM

IN MINE CASE 10 OUT OF 45 IN 2 ACCOUNT AND 10 OUT OF 46 IN ONE ACCOUNT. AS PER YOU IT WAS SUPPOSED TO BE 11. BUT ACCEPTED 10 ONLY.

8.4. ValueSeeker

| Link|March 26, 2022 8:08:05 PM

10 out of 45 for me too

8.5. Ankitkumarv

| Link|March 26, 2022 9:08:25 PM

I have also tendered 45 and only 10 gone. I think this happens due to 1 accepted of all who tendered 1.

8.6. Hostpacker

| Link|March 26, 2022 9:16:19 PM

2 share accepted out of 6 share tendered

8.7. Hostpacker

| Link|March 26, 2022 9:17:57 PM

From another account 2 share accepted out of 10 share tendered

8.8. sdz

| Link|March 26, 2022 9:50:00 PM

@host…2/6 very lucky you are. That’s due to excess shares distribution i think

8.9. Finders

| Link|March 27, 2022 11:07:29 AM

for my icicidirect, 4 out of 10 are accepted, for zerodha 2 out of 9 are accepted. I have 10 in kotak securities, not sure how many are accepted from there, the count is not reduced in kotak securities.

7. sdz

| Link|March 22, 2022 12:51:52 PMReply

Total Individual investors tendered 6.5cr shares. Anyone any idea from prior buybacks experience about What % of this would be by small investors under 2lk category? 30% or 40%?

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7.3. Pramod SK

| Link|March 23, 2022 2:31:22 PM

Total individual shareholding as of 31st Dec 2021 was 3.83%. As of record date, small shareholding was 1.1%. based on this, we can assume around 30% retailer applications out of 7 Cr so for. Hence, it we extrapolate this figure, retail acceptance could be in the range of 25% to 30%.

Final figure will come only when we see money credited.

7.4. sdz

| Link|March 23, 2022 3:00:54 PM

@Pramod…good analysis bro. Even I’m expecting 25-30% AR as small investors held 4.1cr shares on record date. and currently total individual investors tendered 7.1cr shares and assuming 30-35% are small investors

6. sdz

| Link|March 14, 2022 6:17:36 PMReply

TCS retail BB shares = 60L
Retail total shares = 430L
So ER= 60/430=14%
Expected Tendered shares = 200L
Acceptance Ratio AR= 60/200=30%
Expected Entitled shares tendered =40L

Entitled shares not tendered which need to be bought from investors who tendered shares more than their entitlement =60-40=20L

So 20L shares to be bought from (200-40)=160L
So Additional ratio or say Factor= 20/160=12.5%

Eg. I hold 49shares on record date and got 7 shares entitlement. If i tender:

1) 15shares: 7+ 8*12.5%=7+1=8 shares accepted
2) 31shares: 7+24*12.5%=7+3=10shares
3) 49shares: 7+42*12.5%=7+5=12 shares accepted

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6.1. P R SRIDHARAN

| Link|March 15, 2022 6:58:00 PM

Thanks for indicative reply.

6.2. sdz

| Link|March 15, 2022 9:17:41 PM

I posted before your query 😀 but good that it helped you 👍

6.3. Dipendu

| Link|March 16, 2022 12:45:21 PM

According to you if any persons hold 8 share on record date so 7 share will be accepted in buyback ???am I correct ??

6.4. sdz

| Link|March 16, 2022 2:28:18 PM

Dipendu…read msg properly 😀

6.5. sdz

| Link|March 17, 2022 1:05:49 PM

AR going to be less than 30% as retailers already tendered 4x already. So less than 25% now and may end up close to 20%

6.6. ipo stonks

| Link|March 17, 2022 2:11:48 PM

@sdz Retailers have only tendered 70,70,405 shares till 1:00pm 17/03/2022.
AR now is appoximately 84%.
But, there is still 5 more days left.

6.7. Dipendu

| Link|March 17, 2022 2:59:53 PM

@Ipostonks from where r u getting this information???

6.8. sdz

| Link|March 17, 2022 3:01:02 PM

@IPOstonks...Individual investors tendered 2.11cr in BSE and 0.72cr in NSE. So total 2.83cr @ 1.45pm today. i'm not sure if individual investors means below 2lk (56 or below shares on record date). Experienced members in Buyback process can give more clarity on this

6.9. ipo stonks

| Link|March 17, 2022 3:11:23 PM

@sdz you are correct i was watching figures from NSE only, thinking it will consider from BSE too. You are correct.

5. sdz

| Link|March 17, 2022 12:51:17 PMReply

Individual Investors tendered 2.7cr shares till now, which is almost 4x of 60L shares buyback quota for retail investors. So Acceptance Ratio is going to be less than 25% :(

So only hope for investors who didn't tender shares yet like me is... share price to jump quickly this week itself to 4500rs ;)

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5.1. ipo stonks

| Link|March 17, 2022 2:47:57 PM

Buddy what's the source of this data, it seems incorrect.

5.2. coolanksss

| Link|March 17, 2022 2:57:25 PM

What is the source of information of This???

5.3. sdz

| Link|March 17, 2022 3:02:30 PM

https://www.bseindia.com/markets/publicIssues/ACQDisp.aspx?id=532540&type=OTB&idtype=1&status=L&IPONo=5687&startdt=09/03/2022

https://www.nseindia.com/market-data/tender-issue-information?symbol=TCS&type=Active

5.4. P R SRIDHARAN

| Link|March 17, 2022 7:16:31 PM

If all individual investor applies all their entitlement shares, the total shares applied by the category is meaningless. Individual investors less than 2 lakhs value are holding 13.32 crore shares. They are eligible for 60 lakhs shares. Entitlement ratio comes around 4.5 percent. I think the same is applicable to general category.

5.5. Teja

| Link|March 17, 2022 7:54:53 PM

60L shares is reservation for the small shareholders. All individuals are not small shareholders, so the calculation of the acceptance ratio of 25% is not correct.

5.6. sdz

| Link|March 17, 2022 8:14:51 PM

Teja.. there is another category called Non institutional investors which includes 1)corporates and 2) others. This NII category is less than 10lk shares, so others sub-category is confusing if it is individuals with more than 2lk worth shares or something else.

5.7. Ankitkumarv

| Link|March 17, 2022 8:32:19 PM

Point to be noted of @Teja

5.8. Jetha Lal

| Link|March 17, 2022 9:28:35 PM

BSE Bid qty doesn't include share tendered by institution i.e MF & FII ?

5.9. ColdBurger

| Link|March 17, 2022 10:37:22 PM

So far individuals have submitted 76,72,440 shares. So approx 28% extra shares already submitted and 3 days still to go. One thing to notice that inn individual many share holder will come under general category as well. Still hope 40% + AR.

5.10. sdz

| Link|March 17, 2022 11:14:38 PM

@cold…that’s only NSE num. BSE individual investors crossed 2.1cr shares

5.11. lokes

| Link|March 18, 2022 2:16:55 AM

@sdz: As i informed multiple times before also in other buyback forums, this individual category is not only those holding shares below 2 lakhs. It contains above 2 lakh holding investors also.
So everyone please remember this for future.

5.12. sdz

| Link|March 18, 2022 9:41:34 AM

Thanks Lokes…This is my first buyback forum page 😀 and still was able to do most of the BB scenario analysis on my own 😉

5.13. Pramod SK

| Link|March 18, 2022 1:14:24 PM

There are total 21.10 Lakh retail shareholders holding total of 4.10 Cr shares as on record date. This is as per Letter of Offer. So, all individual shareholders figure given in this conversation is not retailer. Retailers can be maximum 21 Lakhs only. As of now all retailers would not have applied. Hence, I can assume that around 20% of 76 Lakhs (i.e not more than 15 Lakhs) figure given in this post will be retailer.

5.14. sdz

| Link|March 18, 2022 7:14:59 PM

@Pramod…total individual investors is 3cr shares tendered in both exchanges and not 76lk as it is just in NSE

5.15. Pramod SK

| Link|March 18, 2022 10:41:08 PM

ok @sdz, thanks for correcting me. But of individual investors, there would be a significant portion of HNIs. Even if we assume 50%, then also it is big number. But last 3 days more applications will go. Lets keep the fingers crossed.

5.16. ColdBurger

| Link|March 19, 2022 12:56:56 PM

BSE is only listing total numbers. How can we find retail or individual numbers? More than 1 crore difference.

Also why the values are different on two pages?
[1]https://www.bseindia.com/markets/publicIssues/ACQDisp.aspx?id=532540&type=OTB&idtype=1&status=L&IPONo=5687&startdt=09/03/2022
Total => 99428848

[2]https://www.bseindia.com/markets/publicIssues/BSEBidDetailsACQall.html?Scripcode=5687

Total => 8,68,97,818

5.17. amit K singh

| Link|March 21, 2022 11:27:41 AM

Very very pathetic to see, bse or nse data on buyback subscription data is good for nothing.. no one knows what is retail or NII split.. it will take years for nse or bse to understand what they are doing...

5.18. sdz

| Link|March 21, 2022 12:38:28 PM

@Amit…Eaxctly, what is the use of that buyback data when it not divided as per true requirement. In IPO, we apply selecting retail or NII and so they easily segregate. Similarly for buyback too, they should provide option to select Retail (under 2lk) separately as they were not able to generate it directly

4. sdz

| Link|March 10, 2022 7:42:31 AMReply

Entitled ratio ER= Total Buyback Retail shares/total retail shares holding on record date

Acceptance ratio AR= Total Buyback Retail shares/total retail shares tendered

So ER is just an indicator ratio and doesn’t have any effect on AR. Buyback seniors please correct if wrong

4.1. snipperRaj

| Link|March 10, 2022 9:43:44 AM

If no of shares tendered are based on ER( no of shares entitled by tcs) would all be accepted ? or would the number of shares will be less than the ER entitled shares in this case?

3. sdz

| Link|March 6, 2022 11:27:29 AMReply

ER 14% on 0.60cr shares through retail buyback means about 4.3cr shares (1.16% of total shares) are held by retail shareholders on record date.
Now AR depends on how many out of these 4.3cr shares will be tendered by 23Mar. I think many investors will sell non-entitled shares in open market if share price doesn’t cross 3,700 by 23Mar, as there will be further downward pressure after tender period close.

2. sdz

| Link|February 21, 2022 7:50:52 PMReply

Settled with just 2*49 shares though had chance for 7*49 as somehow felt risky of low AR and falling share price. Hope minimum 50% AR and share price stays above 3500 as i bought just for buyback purpose 😀

1. sdz

| Link|February 19, 2022 6:56:30 PMReply

If closing price on record date 23rd Feb is below 4,000 then holding 50 shares also be considered as retail category? Or only 44 or below shares will be considered as retail?

1.1. KAMMA SIVA RAMA KRISHNA

| Link|February 19, 2022 7:23:46 PM

If that is the case, holding 50 shares will be considered under Retail Category only.