Feedback Message Board

TCS Buyback

Respected loving n well cultured readers,
Due to some personal constraints, I am not in a position to respond to any query or post any messages/replies hereafter for sometime. Moreover, I understand that many knowledgeable, experienced n helpful gems like Lokes ji and some others are at present in a position to enlighten the readers in a better n comprehensive way. As I mentioned earlier also that in the absence of Aniket ji, some one has to come forward to help the needy readers. That’s why I have tried my best to some extent within my limitations in this regard. Now, I believe that I can allocate some time for my own. Readers may kindly understand n co operate to allow me to divert a portion of my time for my personal interests. I am indebted for all your loveable n affectionate words expressed on various occasions. In fact, I am overwhelmed with your kindness n I shall be ever n ever grateful to you all. I thank each n everyone for their kind words/ blessings/ advises/ guidance/ views. Sorry for my inability to continue. All the best to all of you.

TCS Buyback

KSRK Sir, thankyou for your immense contribution to this forum and guidance to many small investors like me. Kindly attend to your personal matters on priority. We will eagerly wait for your insightful comments.

TCS Buyback

Thank you sir for your guidance.

TCS Buyback

@Antarix , @lokes
Someone told me that TCS price will approach 3300.00 levels..
Do u see any possibilities?
And if that happens than buying directly worth rs. 2 lac will be beneficial without buyback?

TCS Buyback

@vantage: As i posted so many times before also, 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

Ok, thanks for yr ans n double that for yr patience man

TCS Buyback

Instead of money lying in bank a/c just buy 50 shares of tcs in each demat
a/c & relax Tender all the shares in buyback Price will TCS shares (remaining) will reach 4500 in 6 months period

TCS Buyback

haa asha vahi he...

TCS Buyback

I have 125 shares of TCS.
So, what should be the acceptance ratio? Will I consider for retail quota or is there HNI quota for this?

TCS Buyback

Acceptance ratio depends upon (i) number of investors tendering shares for buyback and that depends upon (ii) market mood and (iii) price of shares during tender period. It could be 30-40% but no one can be sure about it.
Since you have 125 shares you will be in general category untill you decide to apply as a retail investor and consequently decide to sell extra shares may be 80-81 shares. And keeping 44-45 shares for tendering.
Take your own decision as per your convenience and strategy.

TCS Buyback

100 200 150 jitne bhi jo 2 lakh se kum ke share tender karna to retail varna sare apply karo to HNI

MOIL Buyback

I got 64 accepted out of 90 shares.

TCS Buyback

How bad is general category vs retail from acceptance ratio standpoint?

Will there be any additional charges if tender shares in general vs retail?

If one has long term view on TCS, I believe no need to reduce number of shares to be eligible for retail category. Tender all and whatever is accepted (20-25%)..enjoy short term profit. Remaining shares hold for 4500 by end of 2022.

Views are welcome.

MOIL Buyback

Thanks a lot KSKR and lokes Sir. U both helped us to understand all details in this buyback. Guide us to invest with confidence during market fluctuations. Even queries are repeated, you guys always reply with polite to all. I pray God to give you all success in future endeavours.

MOIL Buyback

Thank you very much for your kind words. We will do our best to share what we believe to be helpful to understand n act accordingly. It’s only the readers to take appropriate final decision.

MOIL Buyback

Thanks @piegon.
I am seeing so many new people are coming for asking queries and many people (other than me and @KSRK sir) are also helping in replying to user queries, specially in big buybacks like moil/tcs , which is very good.
And yes many times people keep posting repetitive messages and sometimes same information is already available on same page in other posts but people don't even bother to go through one single page messages so that is annoying and sometimes @KSRK sir replies same thing to them to go through other message, which is good :)
I will inform @admin to add links in buyback posts also, so that we can simply give older message link in reply to newer message.

MOIL Buyback

Dear KSRK and other Experts.

I have had a strange experience in MOIL buyback in Angel broking. I have 2 accounts for me and my wife. Both accounts had 1100 shares. I got buyback emails from Angel for both the accounts in respective mail ids registered with accounts and i submitted the buyback request with the link as provided in the emails for both.

For one account buyback processed and for another its not bidded for reason unknown to me. While checking my email for the account for which buyback not submitted, i noticed Angel has sent separate mails for transferring shares to broker pool account while for another account for which buyback was processed no such emails were received.

Anyone experienced the same or any idea about it.

MOIL Buyback

I don’t have any idea regarding Angel broking. Sorry. Knowledgeable experts in this regard may please respond. Thank you.

MOIL Buyback

@german: better you call your broker and check with them regarding share transfer and why they did this and why they didn't placed your buyback order in that account. I also don't have angel broking so no idea. I have only zerodha.

Gulf Oil Lubricants Buyback Feb 22

Dear sir KAMMA SIVA RAMA KRISHNA
Ji Buy back keshe kam karta he thoda bata sakte ho

Gulf Oil Lubricants Buyback Feb 22

you can get more info on buyback from here:
https://www.chittorgarh.com/article/buyback-of-shares-meaning-procedure-and-taxation/517/
https://investorzone.in/everything-about-the-buyback-you-want-to-know/

you need to buy shares upto 2 days before record date to be eligible(below 2 lakh amount to be under retail category which has 15% reservation so generally more shares are accepted back by company in retail category)
2 lakhs amount is decided as per no. of shares holding on record date as per share price on record date. You will get buyback mail from registrar in around 2-3 weeks after record date is over for your eligibility and shares holding on record date. you can place order from your broker site for all shares as holded on record date as per mail. In buyback mail, dates will be mentioned for tender period (around 2 weeks) upto which you can tender shares with your broker.
Also read below link info for zerodha. For other brokers, you can call them to know how to place order for tendering shares when buyback period opens.
https://support.zerodha.com/category/trading-and-markets/corporate-actions/articles/how-do-i-apply-for-buy-back

TCS Buyback

If i buy TCS on Monday, 21st, would i be eligible for buyback? Pl. clarify.

TCS Buyback

Yes 21st Feb is the last date to be eligible for buyback.

TCS Buyback

*Yes 21st Feb is the last date, to buy, to be eligible for buyback.

TCS Buyback

KSRKji,

is it possible that TCS will buy back 100% shares from retail ?

TCS Buyback

@Manish Patel : Anything is possible. And TCS is buying back constant quantity. So how much being bought back from retailers, is all depend on how much are being tendered, if tendered shares are lesser than available shares for retailers then Acceptance will be 100%. And tendering will depend on share price during buyback tender period which is 3-4 weeks from now. if share price due to any reason will reach around 4100 or above that time, then good chances of 100% AR.

TCS Buyback

@Manish,

It is very much on the cards. If during Tender offer window (opening and closing date) CMP remains 4400 and above then 100% chances of 100% AR as very few people will be tendering there shares.

During last buyback price of 3000, price was 2800 to 2900 during tender offer window but achieved 100% AR in Retail category.

TCS Buyback

Lokes, ksrk sir
Kindly give fresh review on tcs buyback.
I think AR will be less than 30% now.

TCS Buyback

I am still confident that the AR will not be less than 40%. Our opinions may differ but not our relationship. Thank you.

TCS Buyback

@JIgar A : it will mainly depend on share price only during tender period , which indirectly depends on many things like market movement etc.
In retail category, there are very very chance of final AR to be less than 30-40%.
in my opinion, it will still be above 50% in retail category if tcs share price hovers around 3700-3900 during tender period else if price is more then AR will be much better.

TCS Buyback

I have never participated in Buyback. I have 60 shares of TCS in my D-mat. Can I offer only 44 shares for buyback and be part of Retail category or will I have to offer entire 60 shares and be part of General Category. As I have heard acceptance ratio in retail is higher than general category.
Also approximately for how many days tender offer window is open post record date of 23/2/2022.

Thanks.

TCS Buyback

For retail category, N x P should be less than 2 lakh, where...
N = number of shares held on record date (23-feb) in your demat. (means... number of shares in your holding by closing of 21-Feb.)
P = Price of one share on record date.

TCS Buyback

@JSM: Tender window will normally open after 2-3 weeks of record date, they will send mail to all eligible people. And window will open for around 2 weeks duration. you can tender shares from your broker site.
And you can simply sell around 10-12 shares tomorrow to be in retail category which is decided as per shares values of 2 lakh as per share price on record date, 23rd feb.

TCS Buyback

I currently have 44 shares in my account. Many people are of opinion that AR will be 50% or less.

If I sell my 22 shares after record date and tender only 22 shares will they accept 50% of 44 or 50% of 22 ?

TCS Buyback

@Nishant: Number of shares accepted will be according to Acceptance Ratio.

TCS Buyback

@rajkumar: all above replies are wrong in regard to your query. you can see reply to @Amateur Investor in other thread here to understand.
Sorry even after seeing your query and replies, i couldn't correct and reply before since i was too much busy and just opened in mobile once to check messages....

TCS Buyback

Dear aniket sir, ksrk sir, lokes sir,

I'm participating in buyback first time. So wanted to know if I have let's say 20 shares in my account as of record date, and I tender 10 of them. If AR is 50%, then will 10 shares be accepted or 5?

If I tender all 20 shares, when will I be able to sell my shares?

I know holding TCS will make sense as risk is minimum but I don't want to breach the per share max allocation I'm following. Thank you.

TCS Buyback

@vkreddy
for your and all others benefit ,

ER is based on number of shares held as on record date.
Additional acceptance has no relation to number of shares on record date. Solely based on extra shares tendered over and above entitled quantity. Total tendered can not be more than number of shares on record date.

As @KSRK is advocating tender all the shares on record date unless the market price moves up over buyback price to sell in market.

This will offer maximum benefits. I too learnt hard way last year post part tendering in NIIT buy back!

TCS Buyback

I already knew that initial reply from KSRK sir to @amateur investor was not complete correct but since i was busy so couldnt respond else i thought to reply with proper example for this whenever i get time.
And now its good to see that @tomi has clarified and now things are clear to @ksrk sir and everyone so since this question keeps coming in buybacks so above calculation can be copy pasted to someone in future.
Final AR is applicable on all quantities held on record date and tendered. So it will be same for everyone only when they are tendering all their shares, unlike ER , which is same for everyone. But obviously more the shares you will tender, more will be accepted.

Additional Ratio (will be known once AR comes out) can be calculated from someone who has tendered all shares held on record date = (Accepted shares - Entitled shares) / (total shares - Entitled shares)
1. Additional Shares=Additional Ratio × Shares submitted in addition to entitlement
2. Accepted shares = Entitlement shares + Additional shares

Mayur Uniquoters Buyback

Gulf Oil Lubricants announced Tender Buy Back
Buy back price Rs.600
Current market price Rs.491
Buy back quantum 14.16.667 shares (2.8% of equity capital)
Promoter's holding 71.12%
Record date 18th February 2022

Mayur Uniquoters Buyback

Yes record date is 21st Feb. Ex buyback date is 18th Feb. On this board many wanting to buy are not clear about these dates. So, wanted to mention record for ex date for their benefit that must buy before 18th. Ex got left out though. Here, we can't correct it. Thanks

Mayur Uniquoters Buyback

you are right, but in that case, its even better to be more clear to mention directly like : "last date to buy with buyback eligibility is 17th Feb" since many might not be knowing about these ex dates too....

FDC Buyback

Just posting KSRK sir here also for everyone's info:

Buyback particulars of FDC LTD:
Size of the buyback: 29,00,000 shares in all
Mode of the buyback: Tender Offer
Buyback price: Rs.475/-
Record Date: 19/02/2022
CMP: Rs.306/-

As the size of the buyback is not a big one, ( 1.72% of the total paid up equity capital ) one may purchase 100 to 150 shares for tendering in the buyback. Thank you n all the best to all of you.

FDC Buyback

Sorry, it is 235, not 200.

FDC Buyback

@KSRK sir: i also bought 150 shares at avg price of 308 rs. i also bought on 16th last day so bought costly, else it was available at 301 around on 14th 15th feb..
i may avg. it with some shares if it goes more lower.....

TCS Buyback

If closing price on record date 23rd Feb is below 4,000 then holding 50 shares also be considered as retail category? Or only 44 or below shares will be considered as retail?

TCS Buyback

If that is the case, holding 50 shares will be considered under Retail Category only.

TCS Buyback

All of those who have participated in TCS buyback

anyone hedging their bets(by selling TCS March futures, today it was available at around 3804, on monday i believe one might get around 3850 even because it's the last day and many will buy shares on 21)

TCS Buyback

I have Tcs in 5 demat & now I want to hedge shares that will be free after buyback. Since I have never done option selling, so I have few queries.
Planning to Sell 3800CE March having premium around Rs. 125 (Margin required Rs. 1.20 lakh)
Scenario 1- If on Expiry TCS remains below Rs. 3800 so the premium will be Rs. 0 on expiry. How Will I earn, Whether I need to take any trade or amount will be auto-adjusted on expiry
Scenario 2- If on Expiry TCC remains between Rs. 3800-Rs. 3925, Say Rs. 3860 So I am expected to earn 65*150= Rs. 9750. What will happen If I don’t take any other trade till expiry.

TCS Buyback

Respected KSRK sir,
If price is settled on 21 feb below 3800. Then qty 52 is considered under retail. I will sell remaining qty either 3 or 4 (Holding 55 nos) by 1529 hrs.
Please guide me regarding balance qty to be sell on 21 Feb to become eligible under retail quota.
Regards

TCS Buyback

Record Date is 23/02, but not 21/02 to decide the Category. As you have specifically asked by name, i advise you to sell 5 shares. It’s you to take a final decision, as we may be proved wrong sometimes. Thank you.