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Balrampur Chini Mills Ltd Buyback Feb 2018

Rated 3/5 by Team InvestorGain

Incorporated in 1975, Balrampur Chini Mills Ltd is one of the India's largest integrated sugar manufacturing companies.Company also have Alcohol and generation and selling of power business.Company have 10 Sugar factories located in U.P.

What is the Balrampur Chini Mills Ltd share buyback offer?

Feb 06,2018 - Balrampur Chini Mills Ltd(BSE: 500038 | NSE: BALRAMCHIN ) Board has approved a proposal for buyback of up to 66 lakhs shares at Rs 150 per share, aggregating Rs 99 cr which is 2.81% of total number of paid up equity shares capital.

What is Balrampur Chini Mills Ltd Buyback details?

Below is the complete details about Balrampur Chini Mills Ltd Buyback. Record date, buyback open and close dates are announce in below section.

Buyback Type: Tender Offer
Buyback Offer Amount: Rs 99 Cr
Buyback Number of Shares: 66 Lakhs
Buyback Price: Rs 150
Buyback Offer Size (In %): 2.81%
Total Share Capital: 2,684.02 Cr
Face Value: 1 Per Equity Share

Can I Invest today to participate in Balrampur Chini Mills Ltd buyback offer? No

What are Balrampur Chini Mills Ltd Buyback Important Dates?

In this section we have covered all important dates related to Balrampur Chini Mills Ltd Buyback. Dates are updated as they are announced. The most noted dates are record date and buyback open and close dates, which one should use to participate in buyback.

Balrampur Chini Mills Ltd buyback offer important dates
Buyback Activity Date
Board Meeting for Buyback proposal 21st Feb 2018
Buyback Approval date 21st Feb 2018
Public Announcement of Buyback 21st Feb 2018
Record Date 6th Mar 2018
Buyback opens on/Buyback Opening Date 12th Mar 2018
Buyback closes on/Buyback Closing Date 23rd Mar 2018
Cut-off date to receive completed tender forms by Registrar 27th Mar 2018
Cut-off date for verification by the Registrar 27th Mar 2018
Cut-off date to inform Stock Exchange on acceptance or non-acceptance
of tendered Equity Shares by Registrar
28th Mar 2018
Last date of settlement of bids on the stock exchange 28th Mar 2018
Last date to return unaccepted shares by Registrar 5th Apr 2018
Last date of extinguishment of Equity Shares 12th Apr 2018

Balrampur Chini Mills Ltd Share Holding Pattern as of March 2017

Stock Holding table gives a clear picture on retail investor holdings of Balrampur Chini Mills Ltd shares which helps investor to decide on participating in buyback offer. The less number of retail holdings means higher chance of acceptance in buyback under retail category which is equal to higher profit.

Holding Type In %
Promoter-Foreign 0.0%
Promoter-Indian 40.94%
Non-Promoter-Institutions 33.73%
Non-Promoter-Non-Institutions 25.33%

Balrampur Chini Mills Ltd Ratio of Buyback

    For Buy back shares holders are divided in 2 categories:
  • Reserved category for Small Shareholders ("Reserved Category") - Who holds Max Rs 2 Lakhs worth of shares @Rs 100.30 per equity share - in such case Max 1993 Equity Shares as of Record Date 6th Mar 2018.
  • General category for all Shareholders other than Small Shareholders ("General Category")

Balrampur Chini Mills Ltd Ratio of Buy Back

Category Entitlement Ratio of Buyback Per Equity Shares Entitlement Ratio of Buyback in %
Reserved Category 1 Equity Share out of every 30 fully paid-up Equity Share held on the Record Date. 4.06%
General Category 5 Equity Share out of every 284 fully paid-up Equity Share held on the Record Date. 2.66%

Post buyback comments Balrampur Chini Mills Ltd

For Balrampur Chini Mills Ltd Buyback Offer, Report updated by the manager of buyback -

In general category - response received 830.81%, No. of Equity Shares reserved in Buyback was 5610000 where valid bid received for retail category was 46608199 which is 830.81% oversubscribed.

In Reserved category for Small Shareholders (Retail) - response received only 999%, No. of Equity Shares reserved in Buyback was 990000 where valid bid received for retail category was 9898972 which is 999%. Final Acceptance Ratio for Retail Investors was 4.06%.

Current and Upcoming Buybacks Key dates

The table below will give you a complete dashboard view for all open buyback offer in current market.

Current and Upcoming Buybacks Key dates
Company NameBuyback TypeOffer AmountBuyback PriceCMPRecord DateBuyback Open DateBuyback End Date
Tanla Platforms LtdTender OfferRs 170 Cr1200819.00 (0.44%)25-10-2022TBDTBD
Garware Technical Fibres LtdTender OfferRs 90 Cr37504-11-2022TBDTBD
Orbit Exports LimitedTender OfferRs 10 Cr245140.55 (0.14%)18-11-2022TBDTBD
KRBL LimitedTender Offer₹325.00Cr500277.50 (-1.65%)25-08-2023TBDTBD
Dwarikesh Sugar Industries LimitedTender Offer₹31.50Cr10569.50 (-5.61%)20-03-202427-03-202403-04-2024
Garware Technical Fibres LimitedTender Offer₹199.50Cr38003323.25 (2.01%)26-03-202401-04-202405-04-2024
Freshtrop Fruits LimitedTender Offer₹33.69Cr175165.15 (0.76%)02-04-2024TBDTBD

Detail Article on Benefit from buyback offer >> Read

Balrampur Chini Mills Ltd Buyback Important dates - Record Date,Buyback Start and End date. Buyback Details - Buyback Price, Buyback Offer Size, Buyback Number of Shares, Retail Investors limit. What is the record date for Balrampur Chini Mills Ltd? How can I apply in Balrampur Chini Mills Ltd Buyback offer?

Company Contact Information

FMC Fortuna 2nd Floor,
234/3A A J C Bose Road,
West Bengal-700020

Registrar Contact Information

Karvy Computershare Pvt Ltd
Karvy Selenium Tow-B,Pl-31&32
Gachibowli,
Nanakramguda,
Hyderabad-500032

Last Updated on 2018-10-25T04:58:26+00:00

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User Reviews

4. n kabra Mar 12 2018 07:18:05 PM Reply
how to send digital buyback form to broker, is it samr like ipo application informing the broker.
4.1. Kumar M Mar 13 2018 12:03:11 PM
You must have received an email with buyback form. Some broker accept request over phone or email. Contact your broker and check.
3. Riyazali Mar 06 2018 11:08:06 AM Reply
How can i process
3.1. Kumar M Mar 10 2018 03:39:36 PM
You can submit your buyback application in 2 forms:
1: Digital - Send Digital Buybuy form to your broker or send email to your broker for considering your share for buyback. He will submit application on your behalf.
2: Physical Form - You must have received a physical form, which you can fill and submit to your broker in given dates.
2. Madhav Boddapu Feb 26 2018 07:18:25 PM Reply
Thanks for advise
1. Sandeep Feb 22 2018 10:25:46 PM Reply
Balrampur chini

Buy-Back

UPSIDE % =31.50% ( difference between Buy-Back price and CMP )

View : avoid� due to very low offer size

Promoter's Holding = 40.94%

Public holding upto Rs.2Lacs = 14.60% =34320169 equity shares

CMP = Rs.114.15/- per share

MARKET� CAP = Rs. 2679.32 crore

BUY - BACK Price = Rs. 150 per share

Buy Back of Shares = 6600000 (Sixty six Lakh �Only) equity shares (representing 2.81% of the total number of equity shares in the paid-up share capital of the Company)

Route : Tender offer

Retail Acceptance ratio = 3%� (as per shareholding pattern (FV) based)

Maximum probability of acceptance = 6-10%

Overall Acceptance ratio= 3%

Promoter's would participate

Size of offer = 99 Crore