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Bright chances for 100% AR....

1298.1. Akshay

| Link|June 6, 2023 11:25:50 AM

When Individual Investors applied for 56,48,190 shares and only 9,00,000 is reserved for retailers how can you say that AR can be 100%? Many people keep saying that AR can be 80%, how can it be when so many retailers applied for buyback? Please reply.

1298.2. qwerty

| Link|June 6, 2023 2:34:03 PM

i think akshay is new in market....

1298.3. KAMMA SIVA RAMA KRISHNA

| Link|June 6, 2023 9:01:33 PM

Akshay ji,
Please note that all individual investors are not Retail investors. In brief, retail investors are those who are holding shares worth below Rs. 2,00,000/- whereas there is no such ceiling for other individual investors. I believe that I have clarified your doubt. I advise you to go through the previous posts to better understand the subject. All the best.

1298.4. RRD

| Link|June 7, 2023 4:01:06 PM

For <2L retail Investors, 1 out 3 is ER. So the shares held by <2L investors on record date shall be 27,00,000 (900000 x3). How many shares applied for buy back with in 2700000 shares decides AR and more than 33.3 percent?

1298.5. Ravindira

| Link|June 7, 2023 6:14:57 PM

Akshay,
Few details for your info.
For retail, 9L shares entitled at 1/3.
Roughly 27L retail shares available.
For others, 51L shares entitled at 1/9. Roughly 459L shares eligible in general category.
Total shares eligible for buyback 486L.

Total tendered shares 114L only out of 486L eligible shares.
Only 23.4% of shares were tentered.

So we can conclude easily acceptance ratio will be at least 2-3 times of entitled shares.

For example, if retail investors tentered 24L shares, others tentered 90L shares, then AR will be 100% for retailers, 40% for others. (24L retail+ 36L others=60L) ..
It's just for example only, AR will be determined as per exact tentered shares ..

Let me know if any queries

1298.6. Ravindira

| Link|June 7, 2023 6:16:26 PM

Please correct me if any too..

1298.7. Surendra

| Link|June 7, 2023 8:44:32 PM

@Ravindra, thank you for sharing the information. Could you help me understand how AR will be 100% if retail share holders tender 24L share which is more than the number of shares reserved for retail category i.e. 9L? Similarly if I consider worst case scenario, on the record date retail segment held ~27L share which we can estimate based on ER. So if I hypothetically assume that all those retail people tender all their share (which is max 27L), wouldn't AR be equal to ER ?

I am new to buyback and trying to understand the buyback rationales. Please excuse me for my insufficient knowledge. Again thank you for your time and sharing the information.

1298.8. Ravindira

| Link|June 7, 2023 10:22:14 PM

@Surendra, AR always be more than ER, unless all the 100% of eligible shares were tendered (That's not at all possible for all the stocks)
Here only 23.45 % shares tendered.
Surely both the retail and general category investers have minimum of 2 times of acceptance ratio than entitled.

For retail, 15% of shares are minimum requirement. Then the retail investor's remaining shares will be considered in general category too.

1298.9. Ravindira

| Link|June 7, 2023 10:26:37 PM

@Surendra, FYI: In welspun India buyback, Entitlement ratio for retail investors just 6.1%
But acceptance ratio was 42%
Literally 7 times more than entitlement

1298.10. Mohsin Patel

| Link|June 8, 2023 8:41:07 AM

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For information retails shares on record date is around 23.54 lakh.

ER : 38%
Acceptance calculation based on No of Orders.

No of share holders on record date around 1,18,989.

No of orders received : 78,313.
So around 40,000 investors not applied in Buyback.
So we can assume Acceptance Ratio
64-81%

1297. KAMMA SIVA RAMA KRISHNA

| Link|May 23, 2023 9:49:28 PMReply

Symphony Buyback

16/143. A very very disappointing AR.

1297.2. KAMMA SIVA RAMA KRISHNA

| Link|May 24, 2023 9:29:07 AM

Symphony Buyback

Thank you very much for your concern n suggestions.

1297.3. KAMMA SIVA RAMA KRISHNA

| Link|June 7, 2023 7:39:42 AM

Symphony Buyback

Got out with loss of Rs.10,500/-.

1296. Kousik Chakravarti

| Link|May 25, 2023 6:52:19 PMReply

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Teamlease Buyback
No of shares reserved in small investors quota=49180
No of small investors as on 31/12/22=19427
Record date=03/04/23
No of small investors as on 31/03/23=53620
Above mentioned data shows there was a chance that all single share applications might not be successfully processed here.
But today the Buyback is closed and final data is
Total no of applications submitted=47531<49180

https://www.bseindia.com/markets/publicIssues/BSEBidDetailsACQall.html?Scripcode=6137

Hence all single share applicants will make good profit here unless there is rejection due to some technical reason.Good profit for those who took the risk.

1296.1. Ayush Jindal

| Link|May 27, 2023 12:57:36 AM

Hi Koushik Sir,

It's never like this the way you are interpreting it.

You cannot be 100% sure that there will be 100% single share acceptance in a case where "No. of application submitted is < the number of shares reserved in retail category".

I would suggest you to clear your basic understanding. Try to read the Letter of offer's "basis of acceptance" section. Try to interpret it correctly. You can find this section in any LOF.

Always no. of shares tendered by holders is compared with the no. of shares reserved for a retailer. We can't compare the way you are comparing it.

1296.2. Kousik Chakravarti

| Link|May 27, 2023 10:38:05 AM

@Ayush Jindal
Please explain what is wrong in my concept?
Also give me an example with relevant links where my concept did not worked successfully.I will be happy if I learn correct things from anyone.

1296.3. papon

| Link|May 30, 2023 5:24:41 PM

If all retail investor apply for their entitled quota than investor holding 1 share will not get accepted. These 1 share holder investors are lucky only because someone holding shares which are entitled to get accepted are not tendered. So there quoto of entitled shares are been distributed among 1 share holder investors. Here first preference is given to 1 share holder category investors than of any shares left will pass on to other investors. That is why Acceptance ratio is all equal to or greater than Entitled ratio. Hope it is clear now

1296.4. Ayush Jindal

| Link|June 2, 2023 7:17:57 PM

@kousik Chakravarti

I don't remember any such case in the past now. But you can refer to this buyback as an example. There is no 100% acceptance in the Team lease in the case of a single share.

1296.5. lokes

| Link|June 3, 2023 9:37:54 AM

@kousik: its wrong observation from you...first shares will be given as per ER ratio to multiple shares holder then from rest left shares, it will be given to single share holders, not the way the first 1 share will be accepted from everyone...so no of application less than no of shares doesn't mean all single shares will be accepted, all those applicants are not holding and tendering only single share....

1296.6. SOAM

| Link|June 6, 2023 12:47:28 PM

@lokes : Thank you for sharing your wisdom. Even I too have this query which got answered. one of those genuine person who's in this forum to be followed for Buyback, IPOs. Any way to connect you ?

1296.7. Kousik Chakravarti

| Link|June 7, 2023 12:44:11 AM

@Ayush,papon and lokes
Thanks for explaining.I have gone through "basis of acceptance" section and found my concept wrong.Here in Teamlease I have seen many people are saying that their single share applications are not processed successfully.

Now if total number of applications is well below total no of shares reserved for small investors,can it be concluded that all single share applications will be processed successfully?

1295. SOAM

| Link|June 6, 2023 12:42:32 PMReply

5/6 accepted

1294. NA

| Link|May 16, 2023 6:06:16 PMReply

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Having wipro shares at an average price of Rs 600. What will be the tax implementation if I tender my shares at 445

1294.6. NA

| Link|June 2, 2023 7:56:24 PM

Thanks for your reply. Now I will sell the shares and will buy before record date

1294.7. mark bab

| Link|June 6, 2023 10:35:55 AM

Thanks a lot @ Ou Ai for the clear-cut advice :)

1293. Plaza

| Link|June 4, 2023 11:04:12 PMReply

I think taxation matter has changed from a y 24-25 and now investor has to pay for capital gain arises from deal If I m wrong pl update .
Thanks

1293.1. Yogendra

| Link|June 5, 2023 2:45:41 PM

No capital gain tax applicable on profit made through buyback

1292. SHAILESH

| Link|June 4, 2023 6:42:11 AMReply

2 out of 3 accounts accepted 1 share in each of 2 accounts.

1292.1. Kd

| Link|June 4, 2023 8:27:53 AM

Bro I still not received any email intimation regarding teamlease BUYBACK of acceptance or not
What i will be do

1292.2. Seth

| Link|June 5, 2023 2:01:09 PM

Same here.
AR was 16% so why all not accepted do you know any reason?

1291. Wannabe Value Investor

| Link|May 22, 2023 12:29:48 PMReply

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BSE subscription data is available at https://www.bseindia.com/markets/publicIssues/ACQDisp.aspx?id=532859&type=OTB&idtype=1&status=L&IPONo=6143&startdt=22/05/2023

Any idea where the NSE data is? HGS is not present here - https://www.nseindia.com/market-data/public-issues-tender .

1291.6. Wannabe Value Investor

| Link|May 24, 2023 12:28:22 PM

Apologies for the last message, hadn't seen the bit reg. clicking on the demand schedule.

So looking at the data, seems that the retailers are on a roll - have tendered a large number of shares, though we don't know as a percentage, unless we know the total number of shares.

1291.7. J H Ramakrishna

| Link|June 4, 2023 3:41:26 PM

      Hinduja Global Solutions - Closing data as on 02.06.2023 4.15 pm available on BSE Site;-
      No. of shares bidfor      Applied for Buy Back
1      Qualified Institutional Buyers (QIBs)      -Shares 14,51,686
      1 (a) Foreign Institutional Investors (FIIs)       12,70,219
      1 (b) Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ InsuranceCompanies)       1,33,669
      1 (c) Mutual Funds       3,902
      1 (D) Others       43,896

2      Non Institutional Investors       43,03,948
      2 (a) Corporates       11,36,222
      2 (b) Others       31,67,726

3      Individual Investors       56,48,190
      3 (a) Individual       56,48,190
      Total Applications received by company are - 78313- Shares - 114,03,824


       Total No of Public Shareholders - 125374       Shares - 175,48,535
      Total number of Promoters - 14      Shares - 349,71,750
      Total Share holders - 125388      Total Shares - 525,20,285

1290. Ankit

| Link|June 2, 2023 3:07:35 PMReply

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All 1 share accepted in my 4 account

1290.3. Harsh

| Link|June 3, 2023 3:19:51 AM

In your 4 account means each account is opened with different pan holders ??
Or with your pan card only 4 accounts are opened??

1290.4. Arun

| Link|June 3, 2023 4:30:45 PM

15 out of 21 got accepted.

1289. Kousik Chakravarti

| Link|June 2, 2023 6:00:47 PMReply

HGS Buyback
No of shares reserved in small investors quota=900000
No of small investors as on 31/12/22=66269
Record date=06/03/23
Total no of applications=78313<900000
(Issue closed on 02/06/23)

https://www.bseindia.com/markets/publicIssues/BSEBidDetailsACQall.html?Scripcode=6143

1289.1. Wannabe Value Investor

| Link|June 3, 2023 1:55:56 PM

Promotors appear not to have taken part aggressively (or not at all?)

1288. KAMMA SIVA RAMA KRISHNA

| Link|June 2, 2023 7:06:46 PMReply

AR is 15/88 in my case. ER and AR are the same. A very very disappointing one.

1288.1. lokes

| Link|June 3, 2023 9:34:37 AM

Ya Its mainly because of so many single share holders, so there were no extra shares left to be given to multiple shares holder, so AR is almost same as ER...

1287. Nagesh

| Link|May 28, 2023 8:31:10 PMReply

What will be AR ?? (Approx)
What is record date ??

1287.1. Mohsin Patel

| Link|June 2, 2023 8:03:41 PM

Record date announced
16 June Friday.
Approximately AR 25-45%.

1286. HIREN

| Link|June 2, 2023 7:51:37 PMReply