Feedback Message Board

There will not be any mail from Zerodha. Mail will come from registrar only. You can simply place buyback order for your shares in zerodha yourself in console/corporate actions.

324.2. ColdBurger

| Link|February 1, 2022 10:54:10 PM

Thanks for confirming. Please ignore my query in another post about that.

323. German

| Link|January 29, 2022 1:43:15 PMReply

I have demat account in Angel. But strangely did not get an email for tendering. Anyone else facing the issue.

323.1. lokes

| Link|February 1, 2022 5:22:41 PM

which Demat account doesn't matter....if you had shares on record date, then you should receive mail. you can check in spam folder also once in your email.
You can just verify which email id is given with your demat acocunt.

323.2. ColdBurger

| Link|February 1, 2022 10:53:24 PM

I got ER the email from MOIL but not Zerodha. Is there any issue in my case?
I have not tendered yet.
@Lokes.. Did you receive email from Zerodha as they are your broker?

322. Rohit Zalte

| Link|February 1, 2022 12:40:13 AMReply

How we can apply for the tender and when?

322.1. lokes

| Link|February 1, 2022 5:06:53 PM

Cheviot Company Buyback

Record date is still not announced. Record date will be announced on 15th feb after evoting results and record date will be probably around 21st to 25th feb any day.

You need to buy shares upto 2 days before record date to be eligible for buyback. You will get mail from registrar after record date is over for your eligibility and shares holding on record date. You can place order (tender shares) from your broker site for all shares as held on record date. In buyback mail, dates will be mentioned for tender period upto which you can tender shares with your broker. From this forum also, you will come to know about buyback opening dates. Also read below link info for 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

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/

321. Amit

| Link|February 1, 2022 4:53:13 PMReply

When money will be credited ...

320. VIRAT.KOHLI

| Link|February 1, 2022 11:41:58 AMReply

Ajanta Pharma Buyback

THIS IS A GOOD COMPANY TO FUNDAMENTALY

319. A Chopra

| Link|January 31, 2022 2:21:50 PMReply

I have 15 shares in my DEMAT.
How many shares I can offer for Buyback

319.1. Jetha Lal

| Link|January 31, 2022 6:14:59 PM

All 15
6-9 maybe accepted

318. Manan Shah

| Link|January 28, 2022 8:44:13 PMReply

Some website says TCS buyback date 20 Jan 2022.

Is it true ?

318.1. lokes

| Link|January 29, 2022 11:43:40 AM

Record date is still not announced. You can just check some recent posts here, You will come to know already.

318.2. ganesh jaiswal

| Link|January 31, 2022 2:51:22 PM

20 January was record date for Rs 7 dividend

317. Maruti Nandan

| Link|January 31, 2022 8:29:19 AMReply

What was the acceptance ratio for Retail and HNI?

316. Harit

| Link|January 24, 2022 2:58:50 PMReply

Load more comments (6 replies)

Added 45 @3760 for bb only

316.7. Have Faith 🙏

| Link|January 28, 2022 12:17:34 PM

@lokes I have 3 demat accounts and left with 1.8 lakh amount....how many shares should I buy form each account

316.8. Have Faith 🙏

| Link|January 30, 2022 9:09:33 PM

Load more comments (2 replies)

@lokes yes there are 15 lakh retail shareholders below 2 lakh as per dec 2021 shareholding pattern so even 50 percent AR will be good....

315. KAMMA SIVA RAMA KRISHNA

| Link|January 28, 2022 8:48:29 AMReply

MPS Buyback

If anyone has the particulars of the link showing the bidding particulars of the shares for buyback by the MPS LTD, it is requested to kindly share for the information of the anxious readers. Thank you.

315.3. KAMMA SIVA RAMA KRISHNA

| Link|January 28, 2022 5:26:28 PM

MPS Buyback

In all, bids are submitted 3.48 times. Against the quantum of 9,44,444 shares, bids are submitted to the tune of 32,86,419 shares. Hopefully looking forward for reasonably good AR. Thank you.

315.4. Ou Ai

| Link|January 29, 2022 2:50:29 PM

MPS Buyback

@ksrk
Overall 3.48. Individual investors tendered over 12 lakhs shares. So have to wait and see the AR.

314. Have Faith 🙏

| Link|January 28, 2022 12:15:26 PMReply

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@lokes I have 3 demat account and 1.8 lakh amount left with me ...how many shares should I buy form each account ...thanks

314.3. DuckkyDuck

| Link|January 28, 2022 11:50:07 PM

@Have faith - what lokes ji suggest is quite correct. 1.8 lac from 1 account or 0.6lac each from 3 account is same. Managing 3 account is headache.
But there is one more trick you can try. In this big buybacks(where share price value is large), its generally seen that 1 share tendered is generally accepted for mostly.
So u can do following:
Account 1 - Buy 1 share - Tender 1 share
Account 2 - Buy 1 share - Tender 1 share
Account 3 - Buy shares with remaining amount(around 46) - Tender all share

This trick will have you 1 extra share accepted. If for simplicity we assume AR is 50%. Then you acceptance will be 1+1+23=25 shares

If you buy all 48 shares in 1 account, then your acceptance will be 24 shares

Lets assume average buying rate is 3700. So u will have 4500-3700=800rs extra. Small increase in profit, but profit is profit. Market taught me this, however small profit is, go for it if you can.

Please note, "its generally seen" that single shares gets accepted mostly. But this is not rule. Possibility is it might not accept as well. In that case this trick will fail.

314.4. Have Faith 🙏

| Link|January 29, 2022 9:04:32 AM

@duck thanks for this explanation ...

Is anyone using SMC ace app as this app does not provide buy back option ?

313. ganesh jaiswal

| Link|January 28, 2022 7:05:17 PMReply

Tendered all shares today. 50% of these were allotted in MOIL IPO, subsequent bonus and dividend re investment.
Expecting 50% AR in retail hopefully.

312. Akshu

| Link|January 28, 2022 9:06:51 AMReply

I hv 3 demat account in each I have moil shares. But I got the buyback mail for 2 account only eventhough I hv purchased in all acc before buyback. Why is that?

312.1. Akshu

| Link|January 28, 2022 9:54:13 AM

*before record date..

312.2. IPO Mitr

| Link|January 28, 2022 2:38:08 PM

Buyback entitlement is based on number of shares available in your demat account on Record date not on number of shares bought before Record date.

311. Nilaykumar

| Link|January 28, 2022 10:13:05 AMReply

Hi
Can anyone explain what if I buy more than 2 lakh value share?
Buyback is valid or not?
AR would be less for more than 2 lakh value?

311.1. lokes

| Link|January 28, 2022 2:03:32 PM

you will be eligible for buyback with any number of shares and you can tender any no. of shares. Below 2 lakh value shares (as per record date price), will come under retail category and rest above 2 lakh will come under general category. In Retail category, more % shares will be accepted in buyback in comparison to general category so yes acceptance ratio will be lesser in general category.

311.2. Nilaykumar

| Link|January 28, 2022 2:25:29 PM

@lokes thank you brother for such a clear explanation.👍😄

310. Laala

| Link|January 28, 2022 11:51:02 AMReply

Can anyone help
Till what date can i buy TCS shares(retail quota) to be eligible for buyback?

310.1. lokes

| Link|January 28, 2022 2:10:27 PM

You can purchase tcs shares upto 2 days before record date, to be eligible for buyback and record date is still not announced.
Record date will be announced on 15th feb after evoting results and record date will be probably around 21st to 25th feb any day.

309. Navdeep

| Link|January 28, 2022 1:13:46 AMReply

Expected record Date ??, can i purchased shares in next 1-2 days

309.1. lokes

| Link|January 28, 2022 1:56:15 PM

You can purchase shares upto 2 days before record date, to be eligible for buyback. Record date will be announced on 15th feb after evoting results and record date will be probably around 21st to 25th feb any day.

308. LABHesh Padia

| Link|January 28, 2022 11:41:37 AMReply

Today i have tendered all my shares (321) for Buyback.

Hoping for the best .

Regards

LABHesh

307. Growth Story

| Link|January 27, 2022 8:32:04 PMReply

Meeting of BOD of KPR mills held on 07/02 to consider proposal of buyback

306. ColdBurger

| Link|January 18, 2022 10:23:54 PMReply

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Based on comments on another site..
If ER is declared then i can sell my extra shares and submit only ER %age and get 100% acceptance?

Like below:
Shares: 1000
ER: 45%
Sold: 55% (550) in open market post ER declaration
Submitted to Buyback: 45% (450) and got all accepted.

Is the above valid or I still have to submit 1000 shares to get 450 shares accepted? Participating first time so don't have any practical knowledge.

306.1. KAMMA SIVA RAMA KRISHNA

| Link|January 19, 2022 9:28:10 AM

Sir,
Though it is correct, it is suggested to tender the maximum possible shares held on the Record Date to get the maximum benefit as AR is likely to be more than the ER due to non tendering of all the/some of the shares by the investors due to their own reasons. Thank you.

306.2. ColdBurger

| Link|January 19, 2022 11:16:40 AM

Thanks @KSRK Sir.... i will follow your advice. Hope for the best in combination of profit and learning.

306.3. Asoke Sarkar

| Link|January 22, 2022 7:30:40 PM

@Coldburger
Your point is valid as ER is the minimum number of entitlement.
But what will happen if you tender 1000 shares?

AR = ER +additional ratio, ER is constant so additional ratio will matter
Suppose here additional ratio is 60% and you tender all 1000 shares, then number accepted will be 450 +60%×(1000-450)
=450+330=780
So overall AR stands at 78%
So in case of buyback tendering all shares is advisable.

306.4. ColdBurger

| Link|January 23, 2022 7:44:29 PM

@Asok Sarkar - In current market sell-off condition tendering all to buyback seems better. Thanks for your suggestion. Very unlikely it will cross 185 level which can give good profit in open sell. @KSRK sir is also in favour of tendering all. I do get confused sometimes mainly due to market volatility. Not sure which approch will yield better profit. So let go for tender all. Better for mental peace with no burden to track price every hour

306.5. ColdBurger

| Link|January 25, 2022 1:20:30 PM

@ Ashok asarkar, @ksrk ji- My only concern here is what if most investors take same approach and tender instead of open market sell? That will result in AR not exceeding 30% at max.? If that is true then my concern is genuine.. right? Most probably the tender offer window will face bearish market.

306.6. Asoke Sarkar

| Link|January 25, 2022 8:27:47 PM

@Coldburger
Moil is fundamentally a very strong company. It is undervalued because it is a psu.
It is a big buyback of about 14.23%.Recently a trend is visible for buying by the retailers only for participating in Buyback ,the extent of which is not yet clear. But it will certainly reduce the AR. Here guess work will not do as because the picture will be clear only after the tendering process is concluded. In some earlier cases , in the same situation, I have enjoyed 80 to 100% AR. So a big AR can not be ruled out. So wait with patience .
In this connection, take note of it that consequent upon buyback, the unacceped shares will carry an extra weight of 15% .
Thanks

306.7. Pigeon

| Link|January 27, 2022 12:10:21 PM

@Asoke Sarkar @lokes Could you please help me to understand 15% extra weightage stuff?

306.8. ColdBurger

| Link|January 27, 2022 1:09:56 PM

@Pigeon - I too had same question but i understood that 15% as the reduction of 15% shares from market. But still have one question- If those 15% extra shares are with the company then how it affects the value of remaining 85% of the equity? will those 15% shares cease to exist post buyback?

306.9. IPO Mitr

| Link|January 27, 2022 2:43:05 PM

Post buyback 15% shares will be "extinguished".

306.10. Asoke Sarkar

| Link|January 27, 2022 3:26:18 PM

@ pigeon and @ Coldburger
Company will buyback 14.23% share and money will come from the reserve of the company. So this shares will no longer exist.
Suppose , the company had 100 shares in all .Post buyback the number will be 85.77. Earlier one share represented 1/100 of the company, Now it will ccarry 1/85.77 of the company.So post buyback weight of the share will be 100 ÷ 85.77 that means that the weight will increase by 16.6%.
Thanks

306.11. ColdBurger

| Link|January 27, 2022 4:47:17 PM

Thanks @IPO Mitr and @Asoke Sarkar for sharing the knowledge🙏

306.12. lokes

| Link|January 27, 2022 7:11:10 PM

it results in better EPS mainly after buyback is over, since shares bought back in buyback will be extinguished so company's net shares count reduces.

305. ARJUN'SEYE

| Link|January 16, 2022 8:50:05 AMReply

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100% AR is very difficult in general category.I think general category will be less than 80%.

305.1. lokes

| Link|January 16, 2022 8:06:18 PM

the lesser AR they have, the better the chances (AR) retailers have...

305.2. drskbajaj

| Link|January 18, 2022 2:06:48 PM

would be close to 100% in gen category because promoters are not participating and their shareholding is about 67% of total.Many of the Foreign investors also may not participate because of hassles involved.
however personally I feel the company has bright future being a zero debt company and promoters holding almost 75% post buyback.

305.3. Barbarik

| Link|January 20, 2022 6:26:41 PM

Your assumption is right for general catogory...

305.4. amit K singh

| Link|January 21, 2022 9:36:27 AM

good guess Arjun..

305.5. AvinashUppalapati

| Link|January 21, 2022 3:09:18 PM

Its around 80.6% for general and 52% in Retail category

305.6. Ou Ai

| Link|January 22, 2022 6:20:52 AM

One learning from Nucleus Software buy back is that buying below 2 lakhs always in anticipation of higher AR is not entirely true. Here, AR is 81% in general category (those holding above 2 lakhs) and 51% in retail with below 2 lakhs. AR in general category depends on whether promoters offer their shares. Times when promoters like to increase their stake by not tendering their shares in buy back is indicative of their confidence in the company and future growth.

As investors to seek higher benefits some times, we have to buy less than 2 lakhs and at times above it based on promoters intent to tender.

305.7. lokes

| Link|January 23, 2022 7:06:51 PM

@Ou Ai: it was already known to most people before record date due to promoter non participation and total shares available and buyback size etc. We (me/KSRK sir and others) have already discussed this in this forum also in comments.

305.8. Kishen

| Link|January 26, 2022 8:23:57 AM

Has anyone got the money for the accepted shares? When will we get it?

305.9. Ou Ai

| Link|January 27, 2022 10:31:03 AM

@lokesh
Thanks. Missed noting that thread about promoters non participation. Else, would have opted for general category. Anyways, is this information available in before record date like now Tata's in TCS? Is it mentioned in postal ballot? How about Ajanta and MPS?

305.10. lokes

| Link|January 27, 2022 7:04:10 PM