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Sep 19, 2018: KIOCL ltd (BSE:540680 | NSE:KIOCL) board has approved a proposal for buyback of up to 1.26 Cr shares at Rs 170 per share, aggregating Rs 214 cr which is 1.98% of total number of paid-up equity shares capital.Record date for buyback is also announced as 01 Oct 2018.
Below is the complete details about KIOCL LTD Buyback. Record date, buyback open and close dates are announce in below section.
| Buyback Type: | Tender Offer |
| Buyback Offer Amount: | Rs 214 Cr |
| Buyback Number of Shares: | 1.26 Cr |
| Buyback Price: | Rs 185 |
| Buyback Offer Size (In %): | 1.98% |
| Total Share Capital: | 11668.71 |
| Face Value: | 10 Per Equity Share |
Can I Invest today to participate in KIOCL LTD buyback offer? No
In this section we have covered all important dates related to KIOCL 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 | 18th Sep 2018 |
| Buyback Approval date | 18th Sep 2018 |
| Public Announcement of Buyback | 18th Sep 2018 |
| Record Date | 1st Oct 2018 |
| Buyback opens on/Buyback Opening Date | 22nd Oct 2018 |
| Buyback closes on/Buyback Closing Date | 2nd Nov 2018 |
| Cut-off date to receive completed tender forms by Registrar | 5th Nov 2018 |
| Cut-off date for verification by the Registrar | 12th Nov 2018 |
| Cut-off date to inform Stock Exchange on acceptance or non-acceptance
of tendered Equity Shares by Registrar |
13th Nov 2018 |
| Last date of settlement of bids on the stock exchange | 13th Nov 2018 |
| Last date to return unaccepted shares by Registrar | 13th Nov 2018 |
| Last date of extinguishment of Equity Shares | 16th Nov 2018 |
Stock Holding table gives a clear picture on retail investor holdings of KIOCL 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 | 99% |
| Non-Promoter-Institutions | 0.63% |
| Non-Promoter-Non-Institutions | 0.31% |
| Category | Entitlement Ratio of Buyback Per Equity Shares | Entitlement Ratio of Buyback in % |
|---|---|---|
| Reserved Category | 1 Equity Share out of every 1 fully paid-up Equity Share held on the Record Date. | 100% |
| General Category | 7 Equity Share out of every 401 fully paid-up Equity Share held on the Record Date. | 1.75% |
Buyback Calculator - Check your Profit/Loss and Breakeven point for left out shares.
KIOCL is the first Buyback in last one year where retail investors are getting 100% acceptance ration in the announcement. So investors who are holding Rs 2L worth of shares must have to get more them 18% return from the record date.
For KIOCL LTD Buyback Offer, Report updated by the manager of buyback -
In general category - response received 117.94%, No. of Equity Shares reserved in Buyback was 11050461 where valid bid received for retail category was 13032711 which is 117.94% oversubscribed.
In Reserved category for Small Shareholders (Retail) - response received only 11.46%, No. of Equity Shares reserved in Buyback was 1537774 where valid bid received for retail category was 176193 which is 11.46%. Final Acceptance Ratio for Retail Investors was 100%.
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 | 935.70 (-3.18%) | 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 | 176.75 (-1.81%) | 18-11-2022 | TBD | TBD | KRBL Limited | Tender Offer | ₹325.00Cr | 500 | 295.90 (-1.10%) | 25-08-2023 | TBD | TBD | Tips Industries Limited | Tender Offer | ₹37.19Cr | 625 | 459.70 (-0.27%) | 22-04-2024 | 26-04-2024 | 03-05-2024 |
Detail Article on Benefit from buyback offer >> Read
KIOCL 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 KIOCL LTD? How can I apply in KIOCL LTD Buyback offer?Last Updated on 2018-12-04T10:31:40+00:00
