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AksharChem India Buyback

DSR Ji,
I have already incurred remarkable paper loss in Star Cements. I am holding all the unaccepted shares with a hope of price raise in future ( In a year ). If I remember correctly, Aniket ji has replied to a query that within a year the price of the share is likely to be increased reasonably.
Regarding MOIL, I am still positive.
Regarding NUCLEUS, the recent results of the company are not encouraging. The company is a novel one and hence there is a possibility of recouping in future.
Regarding MPS, I have not yet lost any hope n looking forward.
Sir, let’s hopefully wait for a good opportunity to exit. Frustration often may likely to result in negative results.
Thank you n all the best in all your deeds.

AksharChem India Buyback

It is quite reassuring to hear your thoughts. Thanks for sharing and all the best to you too...:)

Cheviot Company Buyback

have you bought it sir for buyback purpose ?
i will go through once about company and then will decide next week.

Cheviot Company Buyback

Lokes ji,
Unless the price comes down to Rs. 1400/- to Rs. 1410/-, I don’t want to purchase. I am not in hurry. I don’t mind, even if I miss. Let us wait and see.

Cheviot Company Buyback

it also had a good fall today after buyback purchasing date is over.
Anyways buyback will still be beneficial if price rises later and remains around or above 1450

Cheviot Company Buyback

Lokes ji,
Thank you very much for your kind response.

MOIL Buyback

@Ksrk, @lokes, others
Please suggest.

Thanks.

MOIL Buyback

GJ ji,
Yes, you can buy. In a few cases it happens. Thank you.

MOIL Buyback

@Ksrk,
Thanks 😀

MOIL Buyback

@GJ:
this below thing, which you mentioned, happens in very few cases, else everyone can buy always after buyback announcement and can sell in buyback or open market for 20-30% gains :) there are many examples where it goes more down after record date like star cement and many others. Anyways for moil, yes you can buy around 170 rs upto 1000 quantities.

"Generally what I observed is,
that share price touches (or comes in nearby range) to buyback price 1-2 days before buyback date, right? "

MOIL Buyback

@lokes,
Yes, I understand that part. For a large sized Buyback like Moil with good AR, one can either take advantage of tendering or sell in secondary market.

Btw,
Brought 1st lot (out of many), will observe and add more till 800-1000 quantity I think.

MOIL Buyback

Completely exited (with small profit of 400+ rs) from MOIL.
Reasons,
1. needed money for IPOs
2. needed money for personal reasons
3. Much patience is needed for buybacks, as of now, I don't think I fall under this kind of investors' category.

MOIL Buyback

@GJ

I wouldn't comment on your decision about exiting from MOIL completely but I appreciate your 3rd reason i.e. Much patience is needed for buybacks, as of now, I don't think I fall under this kind of investors' category.

I strongly believe that it is necessary for each one of us to understand our own risk and invest profile very clearly to be successful in stock market in longer run and this holds true for primary market, secondary market, rights or buybacks and so on so forth.

Best wishes....

MOIL Buyback

IPO Mitr ji,
I too agree with your observations n views. Thank you.

Goldiam International Buyback

Sorry to say “No”. I hope that you have sold@ not below Rs.1100/- and gained reasonably good profit. Thank you.

Goldiam International Buyback

Ex date being 26th , you sold on 27th. Shares will be debited to your Demat account on 28th. So you are eligible for buy back as you held on record date. Those who sold on 26th too are eligible as it is ex date. Their shares will be debited after record of shareholders is given by the exchange on 27th.

Goldiam International Buyback

Thanks dear @ kamma siva rama krishna ......sold at 1095 and satisfied with the marginal profits.

Goldiam International Buyback

@KSRK Ji...have you sold your Goldiam shares or holding?

Goldiam International Buyback

50% sold at the average price of Rs.1110/-

Goldiam International Buyback

Ou Ai ji,
Is it so? My one past experience is that the shares sold on record date were not considered holdings as on record date for the purpose of the buyback as seen from the offer letter wherein the No. of shares held on record date and the No. of shares entitled for the buyback were mentioned. Of course, I once again reiterate that I am not an expert in this regard. Thank you.

Goldiam International Buyback

@ Ou Ai Thats what i thought....i am still not sure...Hope you are right

Goldiam International Buyback

I think @Ou Ai is correct

Goldiam International Buyback

i got the mail of entitlement....So, the concept cleared...if you sell on record date...you remain entitled

Nucleus Software Buyback

I feel it should come upto 550 or above, during buyback tendor period.

Nucleus Software Buyback

Lokes ji,
A very disappointing trend being seen. I am also hopefully looking for the outcome of the buyback. Somehow, I am hesitating a lot to purchase shares for the buyback purpose nowadays and missing them. Earlier, I used to purchase shares with out waiting for a long time. I wonder how I became that much over cautious. Looking forward to enjoy the fruits of benefits soon in the buybacks. Thank you.

Nucleus Software Buyback

@KSRK sir: ya in many buybacks, ER ratio was bad and on top of that share price movement after record date is very un-favourable in many buyback issues. Looks so many new people jumping in buybacks and buying shares only for buyback purpose is also impacting this. That's why also i didn't liked to discuss buybacks much on mainboard ipo's since so many new people will think it as easy money and keep trying here also which will definitely impact on ER/AR.
Whoever already participating from long time and have interests can discuss here also anyways.

Nucleus Software Buyback

Lokes ji,
As you have rightly mentioned, disappointing AR and sharp downfall in the price of the shares after the Record Date in most of the cases are the main contributing factors for loosing interest in the Buybacks. Thank you for sharing your views.

Nucleus Software Buyback

Prices going down drastically is a big concern on almost all the recent buybacks coupled with not-so-encouraging AR. I realized nowadays, we may get 1 chance (like Goldiam or eClerx) or none (like Star Cement) to exit a profitable buyback trade. I will be cautious in upcoming buybacks and will exit given any opportunity on Star & Goldiam.

Nucleus Software Buyback

Unknwon ji,
Star Cements, Goldiam, Aksharchem, SH Kelkar, Nucleus,……. almost all are not investor friendly. Losses are likely to be accumulated. Please be watchful and participate in the selective buybacks. All the best. Thank you.

S H Kelkar Buyback

I will try in this.

S H Kelkar Buyback

I missed good opportunity in goldiam, I will try in this. Luckily my eclerx came above my buyback price.
Hope it will stay above 2300 after unaccepted buyback shares are credited back in demat also.

S H Kelkar Buyback

Kamma ji can u please describe meaning of AR and ER as I haven't participated in any buy back .... Thinking of buying shares for buy back

S H Kelkar Buyback

Kamma Siva sir or anyone else can u please all main things about buy back as I am new to buy back ...

🙏 Thanks

S H Kelkar Buyback

@kamma sir can u please explain all main things about buy back as I am new to buy back don't know how buy back works ...

Thanks

S H Kelkar Buyback

@have faith: you can read below article once. you will come to know everything about buybacks. if any more information needed let me know.

https://investorzone.in/everything-about-the-buyback-you-want-to-know/

S H Kelkar Buyback

Thank you very much @lokes for sharing thi s.
Please tell in how many days will shares be accepted by the company and unaccepted shares will be returned within how many days after closure of issue.
After record date how much time company takes to open issue .

S H Kelkar Buyback

All these details will come when actual buyback opens and buyback dates are announced, like for eclerx buyback was open from 18th oct to 1st nov for tendering shares means till 1st nov we can tender shares or till when broker allows, like zerodha usually allows 1 days before.
And last date for finalization of buyback was 8th/9th nov so during 8th/9th, we will come to know about final AR and in 1-2 days money comes in bank account say 10th nov and mail also comes usually from registrar for buyback acceptance and contract note comes from broker like zerodha and unaccepted shares comes back in demat in 1-2 days say 10th/11th nov.
After record date, its upon company to company, when they open the issue. In eclerx, record date was 30th sept and buyback opened on 18th oct so it may be anything between 15 to 30 days approx.

Some more info below :

https://www.chittorgarh.com/article/buyback-of-shares-meaning-procedure-and-taxation/517/

https://support.zerodha.com/category/trading-and-markets/corporate-actions/articles/how-do-i-apply-for-buy-back

S H Kelkar Buyback

@lokes thank u very much ....You had done a great for new bies like me ...I will participate in upcoming buyback and then I will get more clarity......If after record date I buys more share of that buy back company then it will not be able to sell those additional shares untill acceptance of buy back shares ...as Shares are sold on FIFO basis ?

S H Kelkar Buyback

@lokes did u averaged out Cartrade as it is daily making new lows ...and any views on CARTRADE

S H Kelkar Buyback

@have faith: there is nothing like FIFO etc. Buyback eligibility is as per shares held on record date. Like shareholder category in IPOs. After record date, you can sell existing shares, buy new shares can do anything anytime. It's just before tendering in buyback when it opens, that time whatever number of shares you want to tender in buyback, you should have those in your demat obviously that time. No matter you bought them 2 days back or those are same shares shares which you bought before record date. Simple.

Regarding cartrade, I missed to buy that day to avg and didn't do after that and yes it's becoming big headache and market also not supportive now.

S H Kelkar Buyback

Thanks @lokes for such a good explanation ....yes cartrade is a big headache

MOIL Buyback

My bad . . . Typo error

Kindly read CMP as 259/ . . .

Regards

LABHesh

MOIL Buyback

It seems simply a avoidable buyback offer. Too risky for the buyback margin. IT may drift back to sub 200 after record date.

Weizmann Buyback

CMP EXCEEDS 59 now...no one should buy....no one should keep for buyback ....:)

Weizmann Buyback

it has hit upper circuit and touched 62.4 today :)
@KSRK sir : did you bought it ? since as per your above message on 3rd dec Friday evening, it didn't came below 54 even after that, and you didn't mentioned anything about your buying here so it looks you missed this good one, right ?
I also missed in this one, actually didn't even noticed it due to so many ipos :)
I saw your post in ipo page about this to check in moil page and then saw about this one in moil page but later didn't checked.