Tendered 1 share through Nuvama and the same got accepted . Nuvama raised contract note for brokerage and stt amounting to 70 approx. But for 3 single shares tendered through Axis Direct they have not raised contract note for brokerage and stt. Pyment of 4X 10K received yesterday. Anyone received contract note from Axis Direct?
I doubt this. Please note Entitlement Ratio was more than 25% and total share available for Retail investor in buyback was 15% of total buyback, which is 6 lakhs share. So maximum number of shares available with retail investor should be around 24 lakhs.
Figures are actual as taken from NSE and BSE Websites. Might be HNI Tendered shares are also included. In that case Retail AR may improve significantly. Let's wait and see.
From total individual investors, most past buybacks have around 20-40 percent retail investors; the remaining are HNI. If we go with that assumption, the acceptance ratio will be between 45 to 85 percent. On average, we can expect at least 60+ percent acceptance.
Shares tendered by Retail Investors at NSE and BSE is already about 28 lac shares. Chances of those tendered 1 to 6 shares getting accepted seems very remote.
Yes just received msg Dear Client Sxxxxx, Your Buyback Bid for 1 shares of TCS has been accepted. Funds against the same will be credited to your bank account directly on 12-Dec-23 Regards - Angel One
Amount of 4150 credited to Bank Account for 1 share tendered through Edelweiss CDSL Account . Yet to receive for three ASL NSDL Accounts for total 19 shares. Hope to receive by end of day.
Total tendered shares in Individual Investor Category so far 4 cr plus and counting. I think by closing time of 3 30 pm it may well cross about 5 cr shares. let's wait and see.
The maximum you could submit is "No. of Equity Shares held by you on the Record Date".
For example, if you held 5800 shares on record data and the email you recieved from "tcsl.buybackoffer@linkintime.co.in" says "Buyback Entitlement in terms of no. of Equity Shares = 55 shares".
If you submit 55 shares, you will have 100% acceptance. If you submit all 5800 or any other number, 55 + few additional shares will be accepted (left over from few people who may not have participated in BB).
There’s something wrong. All the entitled shares are to be accepted. Please check up the particulars once again. Please don’t think otherwise. I am surprised to note and this is the first such instance .
@Vimal Garodia ji, according to current rules, if the entitled number of shares are tendered, all of them have to be accepted. I am not sure when the case you described happened. Maybe it was before the current SEBI guidelines came into force ?
How many shares one can tender in Retail Quota? I think it is 48 shares @4150 amounting to 199200. What are the chances of acceptance in Retail and in General category?
2 lakh divided by last traded price on the record date (25th Nov 2023) on the exchange where there is relatively higher volume of the stock.. Round it off to the lower side.
AR depends on lot of factors, as of now it seems to be the same as last year around 25% to 30% in retail. In general category it will be far lower..