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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.
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.
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
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.
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 |
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% |
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% |
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%.
The table below will give you a complete dashboard view for all open buyback offer in current market.
Company Name | Buyback Type | Offer Amount | Buyback Price | CMP | Record Date | Buyback Open Date | Buyback End Date |
---|---|---|---|---|---|---|---|
Tanla Platforms Ltd | Tender Offer | Rs 170 Cr | 1200 | 819.00 (0.44%) | 25-10-2022 | TBD | TBD | Garware Technical Fibres Ltd | Tender Offer | Rs 90 Cr | 3750 | 4-11-2022 | TBD | TBD | Orbit Exports Limited | Tender Offer | Rs 10 Cr | 245 | 140.55 (0.14%) | 18-11-2022 | TBD | TBD | KRBL Limited | Tender Offer | ₹325.00Cr | 500 | 277.50 (-1.65%) | 25-08-2023 | TBD | TBD | Dwarikesh Sugar Industries Limited | Tender Offer | ₹31.50Cr | 105 | 69.50 (-5.61%) | 20-03-2024 | 27-03-2024 | 03-04-2024 | Garware Technical Fibres Limited | Tender Offer | ₹199.50Cr | 3800 | 3323.25 (2.01%) | 26-03-2024 | 01-04-2024 | 05-04-2024 | Freshtrop Fruits Limited | Tender Offer | ₹33.69Cr | 175 | 165.15 (0.76%) | 02-04-2024 | TBD | TBD |
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?Last Updated on 2018-10-25T04:58:26+00:00