Feedback Message Board

Ajanta Pharma Buyback

Today was first day of tendering
https://www.nseindia.com/market-data/tender-issue-information?symbol=AJANTPHARM&type=Active

BB issue is 11.2 lac shares. And on 1st itself nearly 38 lac shares are tendered. Making the BB issue subscribed more than 3x on 1st day.
But note that, for retail reserved category, not much shares were tendered. This high subscription is due to big investor (more than 2lac) tendering. You can see high numbers in QIB and NII.

Ajanta Pharma Buyback

CAN ANYONE TELL AFTER Feb 16, 2022 THAT IS CLOSING DATE

WHEN WILL WE GET MONEY IN THE BANK ACCOUNT?

Ajanta Pharma Buyback

@pATILS,
Buyback closure is on 25th Feb...you can expect funds on or before 25th Feb...

TCS Buyback

Dear Members,

We have introduced Buyback Profit Calculator. Please check the tab on top of the page and share your feedback. We enabled it only for TCS Buyback for now. We will enable it for other buybacks soon.

TCS Buyback

what is the percent for retailer investor from total buy back.

TCS Buyback

15pc reserved for retail inverstor

TCS Buyback

Some so called Guru gives extremely gloomy scenario to each and every ipo/stock, recent example is TCS, off course you will face backlash from others, if you don't present any rationale or don't warn well in advance when people were entering.
And then they says that here people don't respect.
Off course people here respect and worship the real knowledge/talent and unbiased analysis/opinion, have seen it here on this forum.
Someone says from tomorrow people will book profit, there will be lower circuit, etc etc, and in weak market sentiments these comments doesn't help.
You have to the balance the negative with the some positives.
Everyone must be knowing by then that stock market is momentum based, runs on sentiments and herd mentality.
God help these people.

TCS Buyback

TCS not able to sustain 3800 ...not performing as per buyback

TCS Buyback

3150 is too low ...

TCS Buyback

if it comes below 3300, I will be very surprised

if operator play happens and i get trapped, i will hold these shares
In high liquidity stocks like TCS operator play is quite difficult in my opinion as liquidity is huge and there are many investors who are anxious to press the buy button on good stocks available at a discount

If it comes to 3150(operator play and not due to general market correction) and infy remains at 1700 levels then i will shift my position from Infy to TCS and i have considerable stake in Infy currently

TCS Buyback

Can buy today to avail buyback offer?

TCS Buyback

@sunil - yes you'll be eligible. What counts is shares in your demat account. The equities are delivered in demat account in T+2 days, i.e since you bought on 21st, the shares will be in your demat on 23rd as required under terms of buyback.

TCS Buyback

@sunil ji

if the shares come to your demat account on 23rd, you will be eligible for buyback.
If they get credited on 24th, you will not be eligible for the buyback

Kindly check with your broker why projection is 24th when the standard procedure is t+2( ideally it should be 23rd)

Please like the comment if you find the info helpful

TCS Buyback

@lokes bro what will u do with your shares ....will u sell them tomorrow or day after tomorrow to buy back again ..or u will continue to hold irrespective of price movement...thanks

TCS Buyback

@Have Faith,
Though this question is for lokes sir, we would like to add our thoughs.

It's a difficult situation among the analyst community regarding what to do tomorrow.

Should you hold or exit at whatever price you are getting?

1. No one in their wildest dream expected that TCS stock will react the way it reacted today and in the last few days.

2. Looking at the last few day's behaviors, it seems the stock is heading downwards. How much it will go down is a million-dollar question.

3. We expect a huge selling pressure tomorrow at least.

4. One common view we have heard is that this company has a great future and long-term holding will result in 20% yearly gains.

Overall, we don't think it's a bad idea to exit tomorrow and enter again in chunks. We may be wrong :(

TCS Buyback

@have faith: as i mentioned earlier, selling tomorrow may be riskier and may depend on broker too so better everyone should be sure about his broker that the broker will not remove shares by 23rd evening if they sell tomorrow (as it happens with some broker) then you may not be eligible for buyback. But if broker is removing shares from your demat on 24th then its fine. Selling on 23rd will be safe in all cases normally.
In my opinion, from some weeks, tcs was holding above 3700 due to buyback only, and in next 2 days it should go down upto 3550-3600 at least minimum, rest depends on market movement also.
And I will keep holding my shares and will not sell them in next 2 day and i may buy some shares if getting around/below 3500 rs on/after 23rd feb and then i may sell later, whatever buying extra, if getting price around 3900.

TCS Buyback

Settled with just 2*49 shares though had chance for 7*49 as somehow felt risky of low AR and falling share price. Hope minimum 50% AR and share price stays above 3500 as i bought just for buyback purpose 😀

TCS Buyback

Hi i m first time participate in buyback
Can anyone tell me the acceptance ratio of buyback in tcs in year 2017 and 2018

TCS Buyback

60 lac Share will be accepted for retail category if it will be oversubscribed and go to maximum 2x then It will be 50 % AR .

TCS Buyback

@ lokesh
Thanks

TCS Buyback

I have 59 shares of TCS. 44 in one Demat and 15 in another. Both demat are connected to same PAN.
So, In which category it will be considered?
Thank you everyone in advance.

TCS Buyback

Obviously not in Retail, u have a total of 59 stocks.

TCS Buyback

59shares, so Retail category if price on 23Feb closes below 3389 or else General category

TCS Buyback

TCS is very far from 4500 right now (3720) which is approx 800 rs.

Anybody remeber , What was the previous buyback scenerios?
as I didn't know because I'm participating for first time.

And what would be expected in current scenerio?

Many are spreading panick newsq so experts please advise ,

Would AR be less than 50% ?
And
TCS will fall to 3500-3300 level?

TCS Buyback

If we have shares in demat on record date and sell on morning of record date, buy back again before tender date, would it be considered for buyback?

TCS Buyback

Thank you sir for your valuable input. I wont sell on 21st, 22nd then.

TCS Buyback

@sinpperRaj if you are willing to sell in morning and buy at the end then you should try do intraday.

If you get lower price , you wil get profit and if higher price then no loss because higher price benefited on your TCS holding

TCS Buyback

if i buy 1 share of tcs from my and my relative accs...will it get 100% accept ?

TCS Buyback

If I buy TCS share on 21 feb should I eligible for buyback offer?

TCS Buyback

@lokes,
Thank you for your kind feedback.

1. We will add the static link to the feedback.

2. Pls share the details for missing FAQs. We will be happy to add/update them.

Thank you for your help.

TCS Buyback

@team chittorgarh: please create one new FAQ page for tender method buybacks only with all these general queries. you told to inform details for missing, all these things are missing which we are discussing and replying to people in that above page, where mostly are general information available about buybacks.
Better will be to create new page only for general rules for tender mode buybacks only. i will try to share with you may be when i will get time. Short and simple and precise one page.

TCS Buyback

@lokes Your secondary market understanding is very good and I need help. I want to exit and re-enter TCS as market condition bad. Which date I can sell TCS so I am still counted for buyback?

TCS Buyback

@Jetha Lal,
Th maximum shares you could tender are the number of shares you hold in your demat account on the record date (Feb 23rd, 2022).

If you hold 1 share on the 23rd, you could tender only 1 share. It doesn't matter how many shares you had earlier or you buy at later date.

TCS Buyback

@coldburger: you can see my below reply to snipperraj:

if you sell on 21st, then 100% not eligible for buyback no matter which broker you are using.
if you sell on 22nd, then also its risky in case of buybacks, where sometimes if you sell on ex date then you are not eligible as seen many times before with multiple brokers. Buybacks are not like bonus/dividends where surely you will get benefit even if you sell on ex date. (may be from broker pool account etc which will not be applicable for buyback).
Selling on 23rd feb will be safe, to be eligible for buyback.

@jethalal: Pasting again as i replied to @vantage in below post on this same page:

Retail category is decided by 2 lakh value of shares on record date as per share closing price on record date, no matter how many shares you sell/buy after record date. And Max shares we can tender as per held on record date, no matter how many times we are buying/selling after record date and how many shares holding after record date.

TCS Buyback

I m first time participate in buyback
Can anyone tell me the acceptance ratio of tcs in 2017 and 2018 buyback offer

TCS Buyback

After record date can sell my holding

TCS Buyback

I have 10 tcs shares in sharekhan and 10 in upstox... Could I tender for 20 shares buyback from two demat of same pan

TCS Buyback

Can NRI Demat account holders can participate in Buy Back

TCS Buyback

Hello All,
I am having 25 shares of TCS in my Demat Acc..I want to know that am i eligible for Buyback? And if yes can i tender all of my 25 shares?
Thanks

TCS Buyback

Yes you are eligible & you can tender all shares. But acceptance won't be full. Expecting(60%)
Unaccepted shares will be credited back after buy back period.

TCS Buyback

I have 60 share of TCS. If I sell 16 share on 23rd February then will I be eligible for retail category or not?
If not, what is the process behind it?

TCS Buyback

@chalak Lomdi - it will be general category if you hold more than 2lakh worth of share on record date. It does not depend on how many share are tendered.

TCS Buyback

@Sharmil,
1. With 60 shares in your Dmat acct on 23rd Feb you will not be eligible for retail investor quota.
2. 21st Feb is the last date for you to sell off your excess shares.
3. You need not sell 16 shares and and bring your holding down to 44. That would be playing too safe. Since target is to bring value of holding below 2 lacs as per 23rd closing price, selling 12 shares is likely to suffice (ie 48 shares net), which assumes that closing price on 23rd will be below Rs 4166 - ie price increase during 3 days will not exceed 10% .