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Aug 23, 2018: JB Chemicals and Pharmaceuticals Ltd (BSE:506943 | NSE:JBCHEPHARM) board is meeting on Aug 31,2018 to consider buyback of shares.
Aug 31, 2018: JB Chemicals and Pharmaceuticals Ltd (BSE:506943 | NSE:JBCHEPHARM) board has approved a proposal for buyback of up to 33.33 lakhs shares at Rs 390 per share, aggregating Rs 130 cr which is 3.99% of total number of paid-up equity shares capital.
Below is the complete details about JB Chemicals and Pharmaceuticals Ltd Buyback. Record date, buyback open and close dates are announce in below section.
| Buyback Type: | Tender Offer |
| Buyback Offer Amount: | Rs 130 Cr |
| Buyback Number of Shares: | 33.33 lakhs |
| Buyback Price: | Rs 390 |
| Buyback Offer Size (In %): | 3.99% |
| Total Share Capital: | Rs 2726.05 Cr |
| Face Value: | 2 Per Equity Share |
Can I Invest today to participate in JB Chemicals and Pharmaceuticals Ltd buyback offer? No
In this section we have covered all important dates related to JB Chemicals and Pharmaceuticals 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 | 31st Aug 2018 |
| Buyback Approval date | 4th Sep 2018 |
| Public Announcement of Buyback | 4th Sep 2018 |
| Record Date | 12th Sep 2018 |
| Buyback opens on/Buyback Opening Date | 10th Oct 2018 |
| Buyback closes on/Buyback Closing Date | 24th Oct 2018 |
| Cut-off date to receive completed tender forms by Registrar | 26th Oct 2018 |
| Cut-off date for verification by the Registrar | 1st Nov 2018 |
| Cut-off date to inform Stock Exchange on acceptance or non-acceptance
of tendered Equity Shares by Registrar |
1st Nov 2018 |
| Last date of settlement of bids on the stock exchange | 1st Nov 2018 |
| Last date to return unaccepted shares by Registrar | 2nd Nov 2019 |
| Last date of extinguishment of Equity Shares | 9th Oct 2018 |
Stock Holding table gives a clear picture on retail investor holdings of JB Chemicals and Pharmaceuticals 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 | 0.32% |
| Promoter-Indian | 55.49% |
| Non-Promoter-Institutions | 18.00% |
| Non-Promoter-Non-Institutions | 26.19% |
| Category | Entitlement Ratio of Buyback Per Equity Shares | Entitlement Ratio of Buyback in % |
|---|---|---|
| Reserved Category | 113 Equity Share out of every 958 fully paid-up Equity Share held on the Record Date. | 11.80 |
| General Category | 1 Equity Share out of every 28 fully paid-up Equity Share held on the Record Date. | 3.57% |
For JB Chemicals and Pharmaceuticals Ltd Buyback Offer, Report updated by the manager of buyback -
In general category - response received 355.20, No. of Equity Shares reserved in Buyback was 2833333 where valid bid received for retail category was 10063984 which is 355.20 oversubscribed.
In Reserved category for Small Shareholders (Retail) - response received only 258.04%, No. of Equity Shares reserved in Buyback was 500000 where valid bid received for retail category was 1290211 which is 258.04%. Final Acceptance Ratio for Retail Investors was 38.75%.
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 | 985.20 (6.44%) | 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 | 169.05 (2.45%) | 18-11-2022 | TBD | TBD | KRBL Limited | Tender Offer | ₹325.00Cr | 500 | 296.25 (-0.60%) | 25-08-2023 | TBD | TBD | Tips Industries Limited | Tender Offer | ₹37.19Cr | 625 | 462.10 (0.35%) | 22-04-2024 | 26-04-2024 | 03-05-2024 |
Detail Article on Benefit from buyback offer >> Read
JB Chemicals and Pharmaceuticals 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 JB Chemicals and Pharmaceuticals Ltd? How can I apply in JB Chemicals and Pharmaceuticals Ltd Buyback offer?Last Updated on 2018-11-02T09:35:34+00:00
