Acceptance ration 50% se less hai. 4 crore share buyback hona hai retail category me. 9 crore se jayada share tender hue hai retail me It means only 43 %
No One Share Strategy Will Not Work Here... Retail Quota is 48000 But As Per Quarterly Number Given By The Company There Is More Than 65000 Unique Share Holder Present In The Company
May be one share strategy work here. And 15% for Retailers no fix it can above 15% as sebi rules like If retail holding above 15% thn retail quota reserved as per holding pattern.
15% minimum reserved if holdings pattern under 15% of Retails.
β’ As per Regulation 6 of the 2018, fifteen percent of the number of securities which the company proposes to buy back or number of securities entitled as per their shareholding, whichever is higher, shall be reserved for small share holders.
Acceptance ratio will be around 60-70 ... still now 7.88 shares have tendered in individual category..( retail+general) ........4.044 crore share are reserved for retail category.... still have the chance to get 60-80 in that range π
I think 400 cr plus figure shown in BSE site might be wrong bcoz promoter have 400 cr shares representing 73 percentage total Wipro holding. I don't think promoter tender all the 400 cr shares
@biswajit You have to calculate both exchange bid placed in INDIVIDUAL category. Approx 25cr+ shares tender in NSE + BSE in individual category. Estimate around 42-44% AR.
Can anyone please explain what is meant by acceptance ratio. Is the ratio applied over entitlement ratio? For example, entitlement ratio for RII is around 23% here. If acceptance ratio is 50%, then whether 23*0.5=11.5% shares will be accepted as buyback? Please correct me if I am wrong.
If AR is 50%, and ER is 23%, then first they will accept 23% as per ER and excess shares over and above ER offered by you will be accepted @ 27% (AR 50% - ER 23%)
Eg If someone is holding 100 sh and tendered entire 100 sh then acceptance will be ER 23 + 20 (27% of excess 73) = 43
In simple terms, entitlement ratio is minimum number of shares that will be definitely accepted in buyback and acceptance ratio is the actual number of shares that are accepted. Acceptance ratio will be always larger than the entitlement ratio in all buybacks.
Wipro Buyback 2023
How do we check if my shares are accepted for buy back? I am using hdfc Sec