Sir i have tendered all shs in star cement buyback. But i have not received any mail or message regarding that. How can we know that we have successfully applied in buyback?
I am trying to tender star cement shares in buyback in upstox ( 1st time ). But getting error " PRICE MUST BE IN BETWEEN 150 AND" . only abover error shows. Please help if any expert knows solutions
Request to respected admin...please open the page for buy back as early as possible after announcement just like ipo. So that instead of discussing on main page we can discuss on buybacks on that particular page...thank you
Someone please explain ...If i held 20 shares on record date, i get entitled to render 1 share under buyback...Do i need to retain 19 shares or i can sell them anytime? Before 20 sept or after 1 october?
Acceptance rate will be better than Entitlement rate. Please submit all the twenty shares for buyback. The unaccepted shares will be subsequently credited to your d mat account. Then sell them according to your choice of price. If you still want to render only one share, yes you can. You can sell the balance of 19 shares at anytime even before 20/9 or even after 01/10 according to your choice. All the best.
As expected, due to heavy submission in buyback, small shareholders got a poor acceptance ratio of 15.5%. Those who purchased 800~900 shares at 190 to 200 are in big loss at balance shares quoting at 166.
Entitlement ratio for small shareholder category is 102 for 919 shares @ 11.10. Acceptance ratio is not percentage of acceptance versus tendered shares. This can vary from shareholder to shareholder depending on number of shares tendered. For eg, if 102 shares are tendered subject to holding 919 on record date, his acceptance will is 100% !
Having tendered 300 shares and with 141 accepted AR turned out to be 47%. Acceptance was higher at 47% as shares held on record date was 900. (Rest sold in market post record date) Real acceptance rate for shareholder as on record date is 141/900 + 15.5% approximate. It is higher than ER11.10 % due to some shareholders not tendering.
If it was 29.5% only 90 out of 300 should have been accepted. Alternatively those tendering should have got 270 accepted. If that has been the case, do clarify 29.5% with reference to share held on record date not tendered.
Yes. Do read 2.2 above with complete details. If number of shares held on record date is the criteria, (which in this case was 900 coming under small shareholders category as per the offer document) , then at least 235 or more out of 300 tendered should have been accepted. This means AR is neither linked to shares on record date nor number of shares tenders, seems combination of both. So AR varied from individual to individual in same category.
If more shareholders share their details like holding on record date, shares tendered & accepted , we could try know this better. But, since the time buy back section started on big demand from main board, no one even visits these sections!
Star Cement Buyback
Sir i have tendered all shs in star cement buyback. But i have not received any mail or message regarding that. How can we know that we have successfully applied in buyback?