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Nucleus Software Buyback

Dear @lokes @kamma siva reddy. I had applied for nucleus buyback on zerodha within the time limit. The broker called me yesterday to inform that the buyback order couldnot be placed due to a technical fault at exchange. I am staring at a huge loss for no mistake of mine. kindly guide. I have already filed a complaint on sebi scores platform against the zerodha/NSE(whoever is responsible)

Nucleus Software Buyback

@parwesh: nothing can be done now if they really made some mistake or due to technical issue watever , if your order is not placed. You already made complaint in SEBI, that only you can do....you can send mail or call to zerodha also once and complaint but i dont think they will do anything now.
I have also tendered via zerodha, no idea what will happen to my order, no updates from them, hopefully that should work.

MOIL Buyback

sir, i am holding 364 shares on MOIL. I didnt received any message regarding buy back on Mail. Am i eligible for buy back or not?

MOIL Buyback

Dear KAMMA SIVA RAMA KRISHNA Ji,

Please ignore my above request as I just came to know that MOIL has already emailed all shareholders about their entitlement.

Thanks.

MOIL Buyback

Sir,
It gives immense pleasure to share any information with you. Thank you.

MOIL Buyback

Got email related to Entitlement

147 shares out of 750 shares held on record date

MOIL Buyback

Much awaited news. 19.6% ER. Thank you.

TCS Buyback

As to TCS buyback, I am going to furnish some useful historical data for consideration.
However, at he outset there is no second thought for participation in the buyback in view of the historical high acceptance ratio beating all arithmetical connotation.
Arithmetically it looks meagre but eventually proves to be very profitable.
2017 buyback:-
16000 cr, at 2850/- (21.8% premium) , buyback size 5.61 cr (2.85%), subs was about 2.5 times for nii and retail , AR for retailer was about 50%.
2018 buyback:-
16000cr, @2100 , buyback size 7.61cr (1.99%) subs was about 1.75 times and AR for retailer was 100%
2020 buyback :-
16000 cr @3000 , buyback size 5.33 cr (1.42%) subs was about 1.6 times and AR for retailer was 100 %
From this data it is clear that the retailers are not that much interested to participate in such buyback inspite of having 15% reservation. Historically it is also true that after buyback ,price has mostly gone up further .
There is a school of thought who preaches that a company launching buyback means it has no ability to do further extension with the amount and has thereby reached to a point of ultra maturity and saturation and therefore buying its own shares at higher price which is a much easier job and shares for such companies must be sold at buyback. But it is true that the buyback is stake appreciation. So theoretically there is not much difference between tendering and not tendering except for retailers probability for extra acceptance and tax efficiency.

2022 buy back:-
18000cr,@4500 ,size 4cr (1.08%) retailers quota 60 lakh
Promoter (Tata sons & TICL) having 267 CR, 72.19% as at June21
Total share 370 cr
Retailers number 10.8 lac , no of share 11.95 cr (3.24%) , Average 110 (not matching)
So arithmetically ER comes at 3.24 % and AR comes at 5.o2%
The following points may be noted:-
1. The % of share buy back and so also total numer reducing.
2. No of retailers increasing, one unconfirmed source says that the % of retailer in 2020 was 0.5% causing so high ER and AR . But for me such a low fi
gure is difficult to believe.
3.It tranpires that the promoter will participate as ever before and their portion will be 12993 cr out of total 18000 cr.
4. Current nii and retail portion is 4.9% as against 4.4% in June 21. So it is increasing and will further increase.
5. The final AR is a function of the difference between buyback price and the market price , the lower the better as much as the holders will try to offload at higer prices.
6. You have no means to know the final AR until the tendering process is completed.
Keeping all points in view, one may expect of AR at least 60% which will give good profit at the end.
Best of luck

TCS Buyback

Ou Ai,
Sir ji,
Appreciate such a nicely interpretation of the event with a balanced approach. 👏

Thanks

TCS Buyback

@Ou Ai

>>Gains exempted out of grandfathering though factually right, is not a big enough reason for less tendering,

Please point out in where did I say that the due to grandfathering there would be less tendering. I only said that grandfathering already protected capital gains till 31st Jan 2018 and hence we should not say that buyback 2022 is protecting last 15-20 years capital gains.

>> as gains after post Jan 2018 are phenomenal that is not exempt.
Again where did I say that the above is not correct.

>>Buy back is an opportunity made for mainly for long term shareholders instead of dividends that are taxable is the factual position.

If we are comparing the buyback vs dividend then I agree to the above but I have different opinion on the Blanket statement "Buyback is for the benefit of long term investors" and we can surely agree to disagree on this point. I believe that companies come out with buyback when they wish to show higher EPS in the future without utilizing the "cash in hand" in the growth of the company and its profitability or if when they are forced by very large stakeholders e.g. Government for higher share of company profits. I sincerely doubt that "Benefits to long term retail investors" is the reasons for companies to come out with buybacks. I believe that some long term retail investors get benefitted in the buybacks by default only. It is my personal view and may not align with many but that is absolutely fine.

>>Those buying less than 2 lakhs in order to avail small share holder's benefit are making best out of short term opportunity.

Here also I may politely agree to disagree with you and that is my personal view only. I believe that "good opportunity" or "not so good opportunity" or "bad opportunity" it all depends on the skill of the person to transact optimally during the buyback period e.g. one of the important aspect (along with so many other aspects) is entry (buying) price.....

>>Long term investors with investment over decade generally do not rush to >>sell post buy back as the holding cost is miniscule. They may add more at >>lower prices having sold in buy back. Short term investors may either sell or >>continue to hold.

I am not sure in what context you mentioned this but if it is the context to people switching to Infosys to TCS then I would again say it depends on the psychology of individual investors and also on the fact if investor is the "ACTIVE" or "PASSIVE" one. I have worked with both TCS & INFOSYS both and understand both companies very well. I have also been a long term investors in TCS and INFOSYS both and I, my family, friends and acquaintance who follow their investments "ACTIVELY" do re-balance our investment not every quarter and not after every buyback but whenever there is sustained (over a significant period of time) relative underperformance or overperformance.

I would like to thank you for all your views and appreciate you knowledge and expertise from the bottom of my heart.

Nucleus Software Buyback

When we will come to know the acceptance ratio of nucleus software

Nucleus Software Buyback

Hello everyone,

I see heavy dips only in share price. I assumed that since buyback price is 700 so the shares price will atleast go near 700 by the buyback closure date i.e 25 Jan if not higher but rather share has taken a beating in last two days. 153 crores worth of shares will be mopped but will it not push the price up?

Any views please..

Nucleus Software Buyback

On what basis you assumed this: "I assumed that since buyback price is 700 so the shares price will atleast go near 700 by the buyback closure date i.e 25 Jan if not higher " ??
if that happens then buybacks are always too much beneficial, everyone can buy before record date and tender in buyback and sell remaining in open at high price if that happens.
So your assumption is wrong. After tendering period, share prices can go anywhere in short term. (but not near to buyback prices in most cases in short term).

Nucleus Software Buyback

Thanks lokes for your input..

MOIL Buyback

How much more wait!! It is should end soon. Two weeks already past since record date. Hope it gives good proffer with at least 50% acceptance ratio.

MOIL Buyback

its not "much wait" actually. Always it takes around 3 weeks for the ER mail to come after record date. Then buyback starts in around 4 weeks from record date.

MOIL Buyback

आई ना कुछ खबर ER की..

MOIL Buyback

I could not find anything.. Please share link!

Nucleus Software Buyback

Has any one applied buyback using groww app my shares have not been blocked yet although i have tendered my shares for buyback.

anyone applied for buyback from grow app please let me know

MOIL Buyback

inteha ho gayee intezaar ki . . .

Ajanta Pharma Buyback

KSRK Sir/lokes Sir, what is the maximum number of shares for Ajanta Pharma to held as on today(14th) to be considered as retail? Is it 86? Secondly, whether this buyback is available in BSE? Because my broker told they cannot participate in NSE alone buyback. I faced problem due to this in Nucleus software.

Ajanta Pharma Buyback

Sir,
On knowing the details of the site/link, the same link will be posted. Thank you.

Ajanta Pharma Buyback

KSRK Sir, Thank you very much for your prompt reply and very sorry for my delayed acknowledgement.

S H Kelkar Buyback

@KSRK Ji - nice AR of 30%...it was a profitable buy-back. Planning to hold the unaccepted shares or liquidate?

and pls don't underestimate yourself...you are a wonderful gem of this forum. thanks for keeping us informed on the latest in buybacks.

S H Kelkar Buyback

Sir,
Thank you for your kind words. I want to hold for some time till the price reaches Rs.190/-.

S H Kelkar Buyback

Today i sold half of my remaining holding at 170 rs

TCS Buyback

How can one belive the words of so called experts - - 18 to 24 out of 44 shares will be accepted, rest will trade between 3300 to 3600. The so called experts had recommended to buy Paytm on 8 to 15% correction, look where it stands now.(paytm)
In BB, market price will surely determine AR. Market price in tender period - - >Nearer to 4500-> higher will be AR, Nearer to 4000 lower will be AR, that's as simple as that

MPS Buyback

I am getting a problem in tendering shares through icici direct. ERROR MESSAGE was " Add Mandate facility not allowed for Sub broker:" Is anyone else getting that problem? How to resolve? Did it easily for another account through Zerodha.

MPS Buyback

I submitted through 3 click in icicidirect. Contact customer care of icicidirect

TCS Buyback

Brightcom Group has informed exchanges that a board meeting to be held on January 25, 2022 to consider the proposal to declare bonus shares for the benefit of the shareholders.

*At around 9:31 AM on Monday, Brightcom Group was trading at Rs191.95 apiece up by Rs9.1 or 4.98% on Sensex.

+++++++++++++

Company outlook :
*Brightcom Group shares have given multibagger return of over 2,862% in a year's period, from trading around ₹6 to currently hovering over 191 per share.

**The multibagger stock has rallied more than 475% in the last six months alone.

**Brightcom Group is a digital marketing company as it consolidates Ad-tech, New Media and IoT based businesses across the globe. The company's global presence includes the US, Israel, Latin America ME, Western Europe and Asia Pacific regions

***Its clients include leading blue chip advertisers like Airtel, British Airways, Coca-Cola, Hyundai Motors, ICICI Bank, ITC, LIC, Maruti Suzuki, MTV, P&G, Qatar Airways, Samsung, Viacom, Sony, Star India, Vodafone, Titan, and many others.

*****Its last Bonus shares were given at 1:4 ratio, declared in june 2021 and ex bonus date 18/08/2021

Thanks

TCS Buyback

TCS historical acceptance ratio?

TCS Buyback

As per Anil Singhvi: As per the expectations of the market, around 18-24 shares are likely to be approved out of 44 shares. Remaining will trade around 3300-3600

TCS Buyback

The CMP of TCS is already near 4000 level and let's say it may be expected to oscillate near by 4000-4200 level leading upto few days before the record date (this is a very conservative view).

And last buyback of TCS suggests that there is likelihood of share price crossing BB price post record date or post shares debit date.

TCS has given good growth coupled with more than expected profit.

Does Anil Singhvi means to say that TCS will go HGS way.? This is little unreasonable why shareholders will punish TCS when there is no ground to do so.

May be he was in upset mood.. 😉

Sir, imho let's hope and pray for the best.

Counter view is more than welcome, I could be wrong also in my above assessment, more finer arguments are expected. 🙏🙏

MPS Buyback

Hi, Any one help me with the following questions.
1. What is the minimum number of shares to be kept on record date to participate in the buy back?
2. On which date the shares will be unblocked in case of not accepted shares and On which date the amount will be credited to bank account in case of accepted shares.

Thanks in advance..

MPS Buyback

1. no minimum requirement, sometimes even one share got accepted by the company. otherwise small shareholder is < INR 2 lakhs and above that is general.
2. all the tendered shares will be debited from your account once the offer closes and within few days, on the settlement date, the amount will be deposited to the bank and the unaccepted shares will be credited back to dp. Refer the offer letter/email from Registrar for the timelines.

TCS Buyback

Retail quota Rs.2 lakhs.Does it mean that you are considered retail only if you are less than 2 lakhs holding in D Mat or if you offer only less than 2 lakhs approx.45 shares for buyback.Views on this please.

TCS Buyback

@K.Atar: this 2 lakh value is considered as per share price on record date not as per buyback price of 4500. May be you already know, am just informing once as in your first comment you mentioned as per 4500 rs so.
ya for safer side upto 45 shares are fine even.

TCS Buyback

Ya lokes Sir, exactly 2 lakh threshold is important. Share price appreciation is just guess work so i said buy 44 and forget, its the safest number. even a price difference of 50 rs leading upto buyback finalization day will fetch as almost 2000 rs (even if 90% acceptance).

And as you Sir rightly put it this BB will be different since record number of new entrants in securities market.

And TCS is such a respectable name.

**45 or 46 shares are also good but not as safe as 44.

Nucleus Software Buyback

@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.

Nucleus Software Buyback

Sir,
On knowing the details of the site/ link, the same will be posted in the buyback pages of MPS. Thank you.

Nucleus Software Buyback

Ok sir