Just posting KSRK sir here also for everyone's info:
Buyback particulars of FDC LTD: Size of the buyback: 29,00,000 shares in all Mode of the buyback: Tender Offer Buyback price: Rs.475/- Record Date: 19/02/2022 CMP: Rs.306/-
As the size of the buyback is not a big one, ( 1.72% of the total paid up equity capital ) one may purchase 100 to 150 shares for tendering in the buyback. Thank you n all the best to all of you.
@KSRK sir: i also bought 150 shares at avg price of 308 rs. i also bought on 16th last day so bought costly, else it was available at 301 around on 14th 15th feb.. i may avg. it with some shares if it goes more lower.....
From last 5 days, prices are beaten down too much in this share without any reason so for remaining shares, selling will be in loss only for mostly. Still this buyback deal will be good profitable if acceptance ratio comes around 70%
yes acceptance ratio is less than expected, no idea how.... But atleast share price giving very good upmove now, since in general category, 80% of tendered shares were bought back so some buying demand is there now. Better to book profit for remaining shares too whenever they are credited back in broker account.
Share price fallen a lot from todays high, so good whoever sold it at upper price today, i sold half of my holdings at 590 and holding remaining. I feel it can again come above 600 in short term once market supports since a lot of shares are extinguish now from buyback and there won't be much selling pressure from general category atleast.
@KSRK sir: As per bids seen on this link: nseindia.com/market-data/tender-issue-information?symbol=NUCLEUS&type=Active it looks like general category will have 100% acceptance ratio and retail category will have 63-65% acceptance ratio.
Sir, The link may be copied n pasted in the google site and search/ enter. Then you will get three columns. You can find the particulars there. Thank you.
It will take a lot of time for record date to come after postal ballot voting and results (approx more than a month for record date from now) so till then tcs share prices will have enough up down movement as per budget/nifty etc....so I feel it can be accumulated in staggered manner, means some dip can also come from current prices till record date.
@Lokes We cannot be sure what will be the case with TCS. The moment i saw this new flash from Money Control i bought what i could from available margin in hurry as if i got the news first and price will shoot like rocket😀😀😀😁 foolish me.
Please give me Federal bank view, I was to exit on 101/- but did not seeing earning release date approaching. Can I bet for 110 level? Holding 1k.
@coldburger: like you, so many retailers must have bought today, you might be agreeing to this, still you can see price appreciation was not much today , it even dipped once near to yesterday closing price. And if tcs price will reach 4200-4300 suppose during tender offer or before, then in retail category, it can even have 100% AR ratio like previous times. I had participated 2 times earlier in tcs buybacks.
And i don't have federal bank neither i track it but looking at charts, its have given good upmove in 1 month and showing strength still, so you can keep holding it till before results with some stoploss like 99.5 to protect profits and better sell before result day, since mostly when some share had very good run up before results, then even after good results, it fall normally on result day or later.
@rajkumar: For IT companies (where there is evoting for buyback approval), evoting normally starts after 15-20 days of board meeting of buyback. Evoting normally happens for around 28-30 days. Results of evoting normally comes in 2-3 days after evoting ends. Record date is usually around 10-15 days after evoting ends. Buyback tender offer period open around 20-30 days after record date and buyback period is generally around 15 days. And credit of amount usually happens after 1 week of buyback offer ends.
@KSRK sir: please inform here once you get any info about sh kelkar acceptance ratio from your demat account or from anywhere and if money is credited for that.
Sir, 30% AR as 229 shares are accepted out of the 769 shares held on the Record Date n tendered for the buyback. I am quite happy for that. My assessment of around 13% AR in this buyback has also proved that I know nothing about the assessment of the AR. Now I understand that I am not having any knowledge to share my views on the Buybacks. Thank you.
thanks sir for the info. your broker updates faster usually so i was asking you, in my zerodha, still no update. Anyways its good AR :) so this buyback also proved profitable. Congrats to you also for the profit here. And please don't talk like this, we know that you have good enough knowledge and experience on buybacks, and its just a guess of AR and normally AR comes out better than expectations except in few cases. Btw i am very happy for my eclerx remaining shares, in last some days, it has given good upmove, as i expected and informed in eclerx buyback page latest message, and wait was worth now, total more than 45K profit in eclerx :) I sold them at 2850. Lets hope nucleus/moil/ajanta also gives some decent profit. Good luck to us :)
Lokes ji, I wholeheartedly congratulate you for the good profit on waiting for the opportunity to sell the shares of Eclerx in the right time at the better price. All the best.
Just to inform everyone, this buyback is only applicable at NSE, not at BSE. Regarding broker etc i have no idea how they will manage, or why its not showing, best is to call them and ask. In zerodha, it is showing for tender.
I bought 100 shares today at 543 rs to bring down my average and to sell in open market in short term since I believe share price will increase once buyback tender period will open. I will add more on further falls
It's better wait till some more time rather than adding at current time. I am holding star cement also and doesnt want to add more unless market stabilizes. It will unnecessarily block funds if we cant get market correct. My own thoughts
@avinash: Star cement and nucleus both are completely different share and sector. Star cement was already not performing well from long time before buyback But nucleus was not like that and it is from IT sector where growth is there. No one can predict where any share fall/rise will end so I added at 543 since already fall a lot from 610 recent high and I didn't bought all in one shot for average, I can add more on further falls.
i will add again today second time around 50-100 shares. its going too much down which is completely surprising and unpredictable, no other share usually fallen that much, like recently eclerx buyback in same sector.
I do understand your rationale and even i considered adding when it went down to 540 levels. However, as i believed that it would fall by 10% due to unfavorable result, selling pressure and volaile market conditions, I didn't add .
Also when i compared it with peers, I found Sasken better than nucleus.
Kindly do the analysis from your end as well regarding Sasken and if you also feel the same, I believe it will be beeter if you shift your position from nucleus to Sasken
My strategy worked here looks like. My avg price is 568 rs after averaging it. Today it gave good upmove, and probably i will be able to sell my remaining shares above 568 which will not be accepted in buyback (some before tendering some after tendering period or all before tendering period etc will see).
yeah at-least we will have some profit in this buyback I didn't average because fundamentally I believe that Sasken is better bet than this although Nucleus also make good software(my friend is suing their product and is happy with their features and after sales service). Moreover, i knew even if i add some shares, I won't be able to tender more than 299( that i help on record date)
@Lokes : what was your motive behind averaging 1) belief that buyback announce ment will push the share higher and you will make some quick bucks 2) portfolio share(long term investment)
okay I was thinking of averaging when it dipped to 500 because i thought it will at-least go up to 525 - 550 if market stabilizes but i didn't as i had shortage of funds and was fearful of market's volatility(Omnicron)
Good call ( you didn't make a lot of money as you averaged early(543) and not at 500 levels, however, you were able to apply buffet's wisdom here, be greedy when others are fearful)
@aashish: i averaged many times after 543 rs price also with 50 shares each time, as i posted in this thread on 30th nov. added even below 500 too once. I am holding 578 shares now total at 568 avg price. I just want to be out in some profit from this deal overall and i will handle it properly to have good profit here, i have enough and long experience in buybacks.
17.11. KAMMA SIVA RAMA KRISHNA|| Link|December 29, 2021 10:56:48 AM
Lokes ji, As the price touched Rs. 605/-, have you succeeded in selling? I narrowly missed and could not sell. What about you?
17.12. Aaashish|| Link|December 29, 2021 11:44:48 AM
@kamma ji
why sell it tender in buyback and get them accepted at 700 assuming, you haven't bought anything after record date
Aaashish ji, Being under small shareholder/ retail category, When you can sell all your holdings @ Rs. 605/-, it will be more beneficial.In this category, AR may be maximum of 40%. 60% shares are to be sold in the open market. Due to the increased number of share holders in this category, there will be pressure for selling and the price may around Rs. 540/- or even less. I hope I have explained you properly. I placed selling order unfortunately @ Rs.606/- and hence not executed. The price is drastically dropped to Rs.567/-. Yes, I have not purchased any shares after the Record Date. Thank you.
@KSRK: sir today i was out whole day so couldn't check/access much and didn't placed any order so i missed to sell it in today morning. I will check later. Probably this buyback deal will be profitable overall even if i dont sell in open market because if price will move around 600 then acceptance ratio can be good and for remaining shares also it may not fall much. Lets see. Will decide as per further price movements.
Yesterday i have placed buy order for 300 shares at 586 rs when price was 587 and then i got busy in work and it was my bad luck that only 1 share was bought in that order :) so today i bought at very high avg price of 604 rs for buyback around 300 shares to be in retail category. Anyways i feel retail acceptance ratio will still be more than general category as i have studied. it can be around similar also. It can be around 50-55% in retail and around 45% in general.
Lokes ji, In case of Nucleus, I believe that the acceptance rate will be more in general category due to non/ negligible participation of the promoters in the buyback. Let us wait n see. However, I agree with you that in general the acceptance rate will be more in the retail category. Thank you.
@ksrk sir: ya normally we all know that acceptance ratio is more in reserved category, whoever applying in buybacks knows this, I am applying from long time.
But since in this specific nucleus case, many are asking/saying about more AR in general category than retail, so for that only I have done study on various things and based on some factors only I posted my views for nucleus too. As I said there won't be much difference in AR between both categories but retail can still be more and I gave approx numbers too.
@KSRK sir : I am afraid now about tomorrow and day after tomorrow move in this share price, since i bought at high price today and normally shares fall after last purchase date of buyback and on record date :) i think your purchase price is around 585. Regarding AR, please don't mind from my above message, lets see after tender period, i was just presenting my view based on some factors/studies. Lets hope it will be good for both categories :)
16.4. KAMMA SIVA RAMA KRISHNA2|| Link|November 25, 2021 10:39:28 AM
Lokes ji, Sometimes our opinions may differ but not our relations. I don’t find any thing wrong in your comment n nothing to feel bad. Thank you.
I have 450 shares at 586 in one account and 34 shares at 582 in one account As per SEBI guidelines which i read it was saying for retail it will be min 15% or their actual quota whichever is higher.
Lets see how much ER will be given in both categories
Lokes ji, If the closing price at NSE drops below Rs.563.40 tomorrow, our two accounts will possibly be categorised under retail. Man proposes n God disposes. Waiting for the tomorrow’s announcement of the result of the already written examination in this regard. Thank you.
@KSRK: yes sir and its very much possible now with today closing of 567 rs, lets see tomorrow and lets hope your 355 shares account comes in general category :)
@kskr: ya it fell a lot again today as even market was very bad. Looks many will come into retail category due to this much price fall in last 2 days whoever bought nearby quantity to come in general category. Let's see how much ER and AR will be now.
In general I want to understand, What should be our strategy for share price falls after important dates like ex-record date and tender dates?
Usually price falls on ex date or record date or soon after tender date finish. I do not participate in buybacks only because of these reasons and don't know how to tackle this. Please help me understand.
16.13. lokes1|| Link|November 28, 2021 12:25:39 AM
@NKJ: ya price falls usually as per record date etc but it has fallen more this time in nucleus due to market fall added on it and regarding strategy we can't do anything on it, we need to decide as per our buyback profit then remaining shares we can sell on market price if profit is there overall else we can hold considering share movement etc as like in normal secondary market shares. And we can add more shares also after record date fall to sell in open market when price increase during tender period, it all depends on our conviction about share price movement. Nothing can be sure.
Thanks lokes, I want to take part in buybacks but because of same reason i was not sure if after selling left over shares it will overall benefit and how much? I know it depends on many factors like share price movement, ER, AR etc. I will take part in couple of buybacks with small quantity and see.
As i said, retail ER is much better than general category..... But still ER seems lesser than expected in both categories, lets see how much is converted into AR....
Sir, I am not surprised to see that the ER is better in Retail Category than the General Category. ER depends upon the number of shares held on the Record Date by the holders whereas AR depends upon the number of shares held on the Record Date and tendered for the buyback. As promoters are not likely to tender/ tendering insignificant number of shares for the buyback,AR will be naturally more. This is my understanding which may be proved wrong. Experts may enlighten me. Thank you.
it is only because of promoters and promoters group are participating the buyback. is it possible to change the decision of promoters to participate the buyback after record date?
I completely agree with KSRK sir's view. That is 100% correct. People seemed to got confused at various discussion boards about ER of normal category shareholder(more that 2lac). Please understand this sentence, "promoter doesn't intend to tender their shares". This means that, promoter is eligible(entitled) to tender their shares. But they will not tender their shares. And thats why in normal category, ER will be far less that reserved category, same as with other BB issues. But the actual AR will be a lot different and more as promoter will not tender their shares. My expectation is for normal category AR will be around 45-55%. And for reserved category as ER is quite more that expected ie. 16%, so i expect AR to be around 40-50%
@KSRK: yes sir, ER difference in retail/general and AR difference in retail/general may be different as per you said. Lets see final AR ratio also. And many people who bought to be in general category, came into retail category due to last 2 days great fall in price so due to that, retail participation may be more and final retail AR may be less. Lets see. Whatever it is, for all of us, lets hope, AR is atleast above 45% for retail category as most of us are in retail category :)
Lokes ji, If AR is more than 40% in retail category, it will definitely be treated as reasonably good. But I doubt whether it reaches 40%. I believe that the AR in general category will be more than 50% and may reach even 60%. OK. Let us wait and see. Thank you.
@ADMIN @Team chittorgarh : Please add "Buyback Issue Timetable" for nucleus software. Record date here already gone as 27th nov. Same way it is present in sh kelkar and akshar chem buyback pages, it is present, add here in nucleus also.
due to severe market correction today, prices came around 150 levels for sh kelkar so anyone can buy it for short term for selling in open market too. share prices will increase during tender period.
@lokes why price will rise during tender period? New to buyback so not aware. Next Qtr result period or if they offer good divided then also cause the rise What about MOIL have you bought and expect it to go upto 195 near record date?
@coldburger: sometimes price increases in tender period as people may buy again for tendering who have sold after record date and many shares will be locked since people have tendered for buyback. It may not be the case always just a general perception. And btw shares doesn't move only as per quarterly results dividends :) means other than that they rise/fall, right. Moil can be bought in tranches starting from 170 levels till 160-165 levels, i don't think price will go till 195 near record date since buyback price is only 205 rs, price may go max till 180-185 near record date.
today is the last date to buy this share with buyback eligibility but it has given good upmove already in last 2 days so not sure how much beneficial buyback will be because size of buyback is very small here and it depends on chemical sector performance also for share performance going forward..
From 12th it may go down after buyback record date, since people may not sell tomorrow whoever bought for buyback else they can loose buyback eligibility if selling tomorrow as sometimes brokers removes shares within 1 day then on 12th record date we wont be having shares.
And Recently chemical shares were in downtrend from around 1 month.
Since record date is 27th nov (saturday) for this nucleus software, so everyone who buys till 24th nov (wednesday) are eligible to participate in buyback
I feel people can keep holding this share whoever has bought around 150 to 180 levels, since price is already reached near 195 due to the stake sale and buy by prominent investors and buyback price is around 210 so it will definitely have around 50% to 80% acceptance ratio in buyback once buyback opens since many will not tender their shares in buyback. And unaccepted shares can also do good in short to medium term.
i bought at 174 today 900 quantity and now its locked at upper circuit at 183.5 rs , so 8550 profit, i will sell it tomorrow probably if it will come above 190 without waiting for buyback. Lets see.
@KSRK: any idea when we will come to know about final acceptance ratio for eclerx buyback? last date for buyback was 1st nov. I applied in eclerx buyback after a long time, since you used to keep applying, so may be you have a idea that around how many days after closing, we get to know final acceptance ratio ?
Sir, Normally within 10 days after the closing date of the buyback. In this case, I think it is on or before 9/11 as the last date for settlement is 9/11. Thank you.
ADMIN JI, Please ensure that relative pages are opened immediately on announcement of the Buybacks so that fruitful discussion made there can help the investors to understand and proceed further. Thank you.
Sir, I have placed three orders for purchase at Rs.701/-, Rs. 691/- and Rs. 681/- as the market is crashing down by almost 950 points. I am still in the process of learning and not able to answer your question regarding ER/ AR. Sorry.
One can purchase shares of MPS at the CMP for tendering for buyback. You will definitely get a reasonably minimum profit. I hope that the ER will be around 7% and AR around 15%. Chances of much downfall in the price of unaccepted shares after the buyback are very less. Thank you.
By seeing the fall in eclerx shares, I couldn't dare to buy goldiam for buyback purpose only. This share has also a great run up in recent times so there may be a fall in prices from tomorrow, as last date to buy with buyback was 25th Oct
its not able to sustain above 2300 and all others IT shares are moving so high....due to buyback, prices are controlled it seems.. i am feeling retail acceptance ratio will be around 30%....not more
this is one of the worst share, falling from 2-3 days, more than any other IT share, i am stuck in this at 2280 levels due to buyback and it is down today around 7%, came to 2040 levels....
@kamma: since market is already at high levels and eclerx moved around 3 times in last 6 months around so it looks risky to even buy at these levels, anyone no idea in future how soon it will start its uptrend....hoping soon
can anyone suggest that is it good bet for buyback or not? if acceptance ratio for retail will be less then it can be a loss making deal is share price corrects after buyback
Thanks for your views....I will think.... In eclerx, I bought at 2280 for buyback purpose, it's 100 rs down now, let's see after buyback, how the deal turns out to be
this goldiam price also moved 5-6 times in a year so it is also risky bet to buy now for buyback purpose, no idea when and how much these will fall if that happens
@admin: can you please add option for "track replies" in buyback pages messages also.....as we are not getting any emails for replies for buyback messages so its not easy to follow up
Buyback particulars of FDC LTD:
Size of the buyback: 29,00,000 shares in all
Mode of the buyback: Tender Offer
Buyback price: Rs.475/-
Record Date: 19/02/2022
CMP: Rs.306/-
As the size of the buyback is not a big one, ( 1.72% of the total paid up equity capital ) one may purchase 100 to 150 shares for tendering in the buyback. Thank you n all the best to all of you.