Respected KSRK sir, If price is settled on 21 feb below 3800. Then qty 52 is considered under retail. I will sell remaining qty either 3 or 4 (Holding 55 nos) by 1529 hrs. Please guide me regarding balance qty to be sell on 21 Feb to become eligible under retail quota. Regards
Record Date is 23/02, but not 21/02 to decide the Category. As you have specifically asked by name, i advise you to sell 5 shares. It’s you to take a final decision, as we may be proved wrong sometimes. Thank you.
*TCS BUYBACK* 💢💢💢💢💢💢💢💢 TCS BUYBACK RECORD DATE FIXED AS 23rd FEBRUARY 😍😍 💢💢💢💢💢💢💢💢 FOR TCS BUYBACK LAST DAY TO PURCHASE SHARES IS 18th FEBRUARY 19-20 FEBRUARY IS HOLIDAY YOU CAN ALSO BUY ON 21st FEBRUARY BUT SOMETIMES DUE TO SHORT DELIVERY PROBLEM CAN HAPPEN
*SO 18th FEB. IS GOOD DATE TO PURCHASE TCS BUY FOR SAFER SIDE YOU SHOULD BUY AS EARLY AS POSSIBLE* 👍
I too received 196. Ditched 12 k profit before record date and now will heave a small 5k profit at best. Turned out it to be a learning experience only. will sell extra share asap and submit only 250, hope that be be best choice. No onwards i will avoid buyback... i am active not passive investor.
Sir, I believe that 19.6% ER is not a bad one. AR may be hopefully around 60%. Of course, you only not anyone else can decide regarding your participation in the buybacks. Thank you.
@KSRK Sir - Thanks for presenting your guess for AR which is great number but time will tell what happens.. Yes one has to take his call as per one's belief and understanding. Due to market condition and MOIL not crossing 185 before record date and also not expected to cross same before Buyback window end date, people submitting for buyback will be bigger and resulting in less AR. Post buyback tender the price most probably will correct heavily. I was expecting around 18K profit still will try to achieve 12k with open sell + buyback.
I would also like to mention that buyback profits are non taxable...so long term investors can tender and profits are tax free. ..one can buy them back from open market again of price doesn't improve
kishenharendra : for long term holders, tendering is not beneficial from tax point of view since already the long term holding before 31st Jan 2018 is tax free still and if someone tenders in buyback and then buy again then his new holding will have to pay tax whenever selling in long/short term.
@coldburger: if during buyback period or before, if share price comes around 180-185 anytime then you may consider selling in open market your 800 shares and tender only 196 eligible shares in buyback , to avoid risk of share price going down after tendering period like happening in nucleus software now, from 590 to 540 rs it came in 1 week.
@Lokes: I do agree, the market condition is wiping whatever profit i achieve in my portfolio. Waited for Federal to cross 102 and it gave reverse hit. seems time to book small profits. TCS also did reverse.
@coldburger: yes, booking profits is good habit when market is at high levels, thats why i informed you to keep stoploss in federal bank so that your profit is protected in case if the trend reverses. ya all shares like TCS etc went down due to unfavorable market in last 1 week. Andi feel MOIL also may not cross 180 till buyback period ends until some positive surprise by market or quarterly result.
@lokesh On the long term holdings there is another view point that even, if capital gains are exempted up to the prices quoting as on 31 Jan 2018, it's better to tender as many as get accepted and seize the opportunity to take full capital gains benefit as on date. With indexes moving by 80% after 31st Jan 2018, and share prices soaring capital gains beyond 31st Jan is also big. Buy Back exempts gains before and after 31st Jan 2018 as well. Buying back the accepted same number of shares post buy back at current levels obviously will not attract benefits of 31st Jan 2018. However, shares bought back at current levels though are not exempted, their prices many times are unlikely to move in the same proportion as they moved past 15 years in linear graph. Take the very example of Ajanta Pharma. Their shares went up by 3 X before the last buy back. On Tendering in last buy back purchased back those shares. Those shares have moved up so far only 20% up to now. So each one has to see his own holding price, period and decide.
IPO smart ji, On the previous occasion i.e., Dec. 2020/ Jan. 2021, the buyback price was Rs. 3000/- and the amount of the buyback was Rs. 16,000 crores whereas in the current buyback, the buyback price is Rs. 4500/- and the amount of the buyback is Rs. 18,000 crores. Hence, the current buyback is considered to be not that much attractive. AR is likely to be at least around 60% if not around 75%. For the long term also, it can be considered to be more beneficial. Thank you n all the best.
Sir, Rumours turned true. The Board of Directors will consider a proposal for buyback of equity shares of the TCS Company, at its meeting to be held on January 12, 2022. All the best. Thank you.
One quick question, will it be better to be in general category for TCS buyback instead of retail category? I understand Acceptance ratio will be lesser for general category, which one do u suugest, is it < 2 Lakhs or have 1000 shares(~38 Lakhs) and be in general category?
Sir, If promoters are not/ insignificantly participating in the buyback, then general category is advantageous. Otherwise, Retail Category is more likely to be advantageous. Thank you.
IPO Smart ji, Any price more than Rs. 4250/- will be a welcoming one. I am also hopefully looking forward for the outcome of the board meeting on 12/01. Thank you n all the best.
As per the Senior Research Analyst of Zee Business the buyback price is likely to be not less than Rs.4400/-. Hopefully looking forward for the details of the buyback.
I have same question ..it will go down sure market mood not good. Just want to be sure I can participate in buyback if sold today
3.2. KAMMA SIVA RAMA KRISHNA1|| Link|December 30, 2021 10:10:23 AM
The reply furnished by Ou Ai ji in the buyback pages of GOLDIAM INTERNATIONAL may please be referred to according to which those who sold on 30th too are eligible if it is ex date. Their shares will be debited after record of shareholders is given by the exchange on 31st. Thank you
3.3. antarix1|| Link|December 30, 2021 10:19:40 AM
Yes, you can sell it today and buy later for tendering these in buyback.
Thanks for the replies. Just experiencing the buyback first time. Not thinking to exit and re-enter and ready to face what ever the final outcome is. Not of trader mentality to do many enter/exit. Just pray that the offer period is announced soon so i can pull the money back sooner.
Thank you sir for sharing journey post listing of MOIL which happened in 2010. I am victim of MOIL since 2010. During IPO, There was a buzz about strong fundamental, zero debt, good divided paying, brighter future due to monopoly etc. I could not get IPO allotment so I heavily invested on listing day. I purchased qty 800 @ 520-545. Due to bonus issues, MOIL qty has become 1600 @ approx. average price Rs262. I am still holding qty 1600 till date and also not planning to tender share in buy back. In fact, I have purchased qty 2000 @170.4 in two different accounts to buy back. Let see how my strategy will help to minimize loss. I was not aware that MOIL has given Rs 98 dividend till date. I think as on today or after buy back I will be in profit. Holding period is no issues with me. Any comments wrt above, most welcome. KSRK sir, your comments are highly appreciated and obliged also.
IPO Smart ji, I strongly believe that you will be benefitted reasonably in the present buyback (1000 shares in each account). I presume that the 1600 shares are held in other than the said two accounts. If the 1600 shares are held along with the 1000 shares in the same account, your holdings will be considered in general category wherein the AR will normally be on lower side. Please act promptly to benefit yourself in a better way. All the best.
Sir, I suggest you to tender all the 1600 shares held in the other account also. Whatsoever the acceptance may be in the general category, you will be benefitted reasonably and the unaccepted shares will be credited back to your account. God blesses you with all the best.
Very good suggestion by KSK sir. In buy back there is an opportunity for acceptance of extra shares consequent upon non participation of many holders. Moreover, as a thomb rule all shares in hand is to be tendered which will increase the acceptance of extra shares.
Respected KAMMA SIVA RAMA KRISHNA Sir. Thank you for valuable guidance wrt buyback. You and aniket sir are true guru in this regard. Your writing skills are amazing and I can not express in words here. I have purchased qty 1000 MOIL @ 170.34 today. Hoping for best. Keep guiding us always. Warm Regards.
Sir, I humbly submit that I wholeheartedly admire Aniket ji for his kindness in sharing his valuable views on IPOs, secondary market, buybacks and what not, which ultimately helps in learning n earning. As the gem is somehow not in a position to express his kind views here in the buyback pages, I thought that the readers should not be deprived of any required help. So, whatever little knowledge I do have, I am trying to share. Had the precious gem is active here, I wouldn’t have to share my ill knowledgeable n inexperienced views which may result in losses to the readers. That’s what I am afraid of very often while responding to the queries of the readers. I also join you to welcome the true IPO GURU Aniket ji here to the Buyback pages to deliver the best for the benefit of the readers. Thank you.
@ksrk sir, Very true. We all r waiting for Aniketiaf sir guidance. Aniket sir, Kindly consider our humble request and gives ur views on buyback pages. Thank u.
RE is 10 no.
can I apply for 726 nos shares?
Thanks