Feedback Message Board

snipperRaj's Comments

4 Comments

4. snipperRaj

| Link|March 5, 2022 10:20:44 PMReply

Lokes sir,
very disappointed to see the too poor ER. Alot of retailer holding it for buyback.

Do I have to tender all 49 shares that I hold to for acceptance of 7 shares by them?. Or can I tender only 7 and all 7 will be accepted?

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4.2. HC Singal

| Link|March 7, 2022 7:45:04 AM

Most certainly, AR will be more than ER. So if you want more than 7 shares to be accepted for buy back, you should tender more.

4.3. SnipperRaj

| Link|March 7, 2022 11:54:55 AM

Thanks @HC Singal, @Display. I think AR will be 25%-30? So , tending 16 is good, and rest i can exit early if i want.

3. snipperRaj

| Link|February 13, 2022 8:37:28 PMReply

If we have shares in demat on record date and sell on morning of record date, buy back again before tender date, would it be considered for buyback?

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3.1. KAMMA SIVA RAMA KRISHNA

| Link|February 14, 2022 11:20:28 AM

Yes unless the sale is of eATM nature as the shares will not be debited on the same day.

3.2. snipperRaj

| Link|February 17, 2022 9:39:13 PM

I see. Thank you KSRK sir.

3.3. snipperRaj

| Link|February 18, 2022 1:30:16 AM

Ksrk sir, lokes sir,
If i sell on ex date(21st) or ex date+1 ( 22nd, recorddate-1), the shares will not be removed from my dmat on 23rd as i use zerodha and upstox and not eATM. Would i be eligible for buyback and considered my shares recorded?

3.4. Vantage

| Link|February 18, 2022 9:59:44 AM

some confusions need to be sorted here.

EX-Date is a day before RECORD Date , so EX-Date is 22Feb

3.5. SnipperRaj

| Link|February 18, 2022 10:48:39 AM

Thanks for correcting. Sorry, I mean my trade day of selling not ex date.
So if i sell on 21st -> it will remove on 23rd from demat at 11am around. Would i still be considered for buyback.
if i sell on 22nd -> stocks will be in demat on 23rd. I should be considered right?

3.6. Vantage

| Link|February 18, 2022 11:19:00 AM

>>>So if i sell on 21st -> it will remove on 23rd from demat at 11am around. Would i still be considered for buyback.

Yes, you will be considered for buyback but please be mindful of this below case as well. Sometimes there is an issue like short selling happened because of which there is rarely an extra day taken for settlement. [You can find more details of this rare case on zerodha s site as well]

So if someone wants to be extra extra sure then just sell it T+2 with ex-date in mind Or in other words , sell before T+3 of record date.

3.7. SnipperRaj

| Link|February 18, 2022 12:34:28 PM

I didnt get you. If I am selling, why short delivery will happen. I know i have stocks in my demat. I will be able to deliver to buyer on T+2 if sell on T+0.
Even if there is short delivery ( which is technically not possible when being seller i have shares), I will get an extra day for settlement , which is good for me .

My question was simple, if i sell on 21st, the stock will for sure remove from my demat on 23rd 11 am. Will it be considered for buyback?
Again re-thinking it, I think now it will not be considered for buyback . On seller side, on T+2 , it will be removed and hence wont be recorded .
Its better to sell on 22nd.

3.8. Vantage

| Link|February 18, 2022 12:55:49 PM

Yes, so short delivery can happen(randomly)if your shares haven't 'settled' into your account in the first place.

i am getting confused by this part of your comment - "Its better to sell on 22nd."
Did you mean better to sell on 18th ? If yes, thats right

3.9. Aaashish

| Link|February 19, 2022 12:42:47 AM

@snipetraj
don't sell on 21, shares would get debited on or before 23 and you will lose on buyback

for 22nd

i am not 100% sure but i think shares will be debited on 24th and therefore you should be eligible for buyback
but again i am not really sure on this so do research on this before taking any call

better to sell after record date if you want to

don't sell on 21, on that i am sure

3.10. SnipperRaj

| Link|February 19, 2022 1:13:17 PM

Thanks aashisk. i agree. Selling on 21st will not be eligible for buyback. 22nd should be ok.

3.11. lokes

| Link|February 20, 2022 1:38:33 AM

@snipperRaj: if you sell on 21st, then 100% not eligible for buyback no matter which broker you are using.
if you sell on 22nd, then also its risky in case of buybacks, where sometimes if you sell on ex date then you are not eligible as seen many times before with multiple brokers. Buybacks are not like bonus/dividends where surely you will get benefit even if you sell on ex date. (may be from broker pool account etc which will not be applicable for buyback).
Selling on 23rd feb will be safe, to be eligible for buyback.

3.12. snipperRaj

| Link|February 20, 2022 10:46:20 PM

Thank you sir for your valuable input. I wont sell on 21st, 22nd then.

3.13. Nilaykumar

| Link|February 21, 2022 3:55:16 PM

@sinpperRaj if you are willing to sell in morning and buy at the end then you should try do intraday.

If you get lower price , you wil get profit and if higher price then no loss because higher price benefited on your TCS holding

2. snipperRaj

| Link|February 11, 2022 10:20:58 PMReply

Hello buyback experts,

Wanted to confirm from experts that 2 lakh retail quota is calculated based on record data highest volume price right? and its not buyback price (4500 in tcs case)

I couldn't find the confirmed info in tcs forum page here, so wanted to confirm. but got the info from this page:-
Q. What is the eligibility condition for retail shareholder?
https://investorzone.in/everything-about-the-buyback-you-want-to-know/

If you are holding shares worth less than 2lakh on Record date, then you will be eligible for buyback. The highest volume closing price on NSE or BSE is taken as reference for calculating 2 Lakh condition.

2.1. Suneel Padavala

| Link|February 12, 2022 2:39:57 PM

That's correct. Highest volume closing price as on record date is considered as reference for calculating 2 Lakhs condition.

2.2. snipperRaj

| Link|February 12, 2022 5:04:03 PM

Thank you suneel ji for confirming.

1. snipperRaj

| Link|January 19, 2022 7:58:13 PMReply

Is there any HNI category as part of general category in buyback?
Retail cap is 2 lakh. If i have more than 2 lakh worth of tcs share, let say 100 share, and i want to tender all, what could be estimated AR/ER based on previous buyback of tcs... or we cant apply in general category ?

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1.2. Ramsan

| Link|January 20, 2022 10:29:46 PM

@lokes ji Im participating buyback frst time
Bought 4 shares @3850 today just to understand the process. How do I tender via email !? and when !?

1.3. lokes

| Link|January 21, 2022 1:16:40 PM

@ramsan: you can get more info on buyback from here:
https://www.chittorgarh.com/article/buyback-of-shares-meaning-procedure-and-taxation/517/
https://investorzone.in/everything-about-the-buyback-you-want-to-know/

you need to buy shares upto 2 days before record date (below 2 lakh value to be under retail category which has 15% reservation so generally more shares are accepted back by company in retail category)
you will get mail from registrar after record date is over for your eligibility and shares holding on record date. you can place order from your broker site for all shares as holded on record date as per mail. In buyback mail, dates will be mentioned for tender period upto which you can tender shares in zerodha. Also read below link info in zerodha. For other brokers, you can call them to know how to place order for tendering shares when buyback period opens.
https://support.zerodha.com/category/trading-and-markets/corporate-actions/articles/how-do-i-apply-for-buy-back