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Feb 02,2018 - Mangalam Organics Limited Limited Board has approved a proposal for buyback of up to 6.10 lakhs shares at Rs 230 per share, aggregating Rs 14.03 crore which is 6.74% of the total market cap.
Below is the complete details about Mangalam Organics Limited Buyback. Record date, buyback open and close dates are announce in below section.
| Buyback Type: | Tender Offer |
| Buyback Offer Amount: | Rs 14.03 Cr |
| Buyback Number of Shares: | 6.10 lakhs |
| Buyback Price: | Rs 230 |
| Buyback Offer Size (In %): | 7.5% |
| Total Share Capital: | 187.07 |
| Face Value: | 10 Per Equity Share |
Can I Invest today to participate in Mangalam Organics Limited buyback offer? No
In this section we have covered all important dates related to Mangalam Organics Limited 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 | 2nd Feb 2018 |
| Buyback Approval date | 2nd Feb 2018 |
| Public Announcement of Buyback | 2nd Feb 2018 |
| Record Date | 4th Apr 2018 |
| Buyback opens on/Buyback Opening Date | 23rd Apr 2018 |
| Buyback closes on/Buyback Closing Date | 8th May 2018 |
| Cut-off date to receive completed tender forms by Registrar | 10th May 2018 |
| Cut-off date for verification by the Registrar | 15th May 2018 |
| Cut-off date to inform Stock Exchange on acceptance or non-acceptance
of tendered Equity Shares by Registrar |
15th May 2018 |
| Last date of settlement of bids on the stock exchange | 16th May 2018 |
| Last date to return unaccepted shares by Registrar | 17th May 2018 |
| Last date of extinguishment of Equity Shares | 23rd May 2018 |
Stock Holding table gives a clear picture on retail investor holdings of Mangalam Organics Limited 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 | 46.91% |
| Non-Promoter-Institutions | 0.0% |
| Non-Promoter-Non-Institutions | 53.09% |
| Category | Entitlement Ratio of Buyback Per Equity Shares | Entitlement Ratio of Buyback in % |
|---|---|---|
| Reserved Category | 44 Equity Share out of every 653 fully paid-up Equity Share held on the Record Date. | 6.73% |
| General Category | 44 Equity Share out of every 653 fully paid-up Equity Share held on the Record Date. | 6.73% |
For Mangalam Organics Limited Buyback Offer, Report updated by the manager of buyback -
In general category - response received 82.18%, No. of Equity Shares reserved in Buyback was 509171 where valid bid received for retail category was 418461 which is 82.18% oversubscribed.
In Reserved category for Small Shareholders (Retail) - response received only 69.21%, No. of Equity Shares reserved in Buyback was 100829 where valid bid received for retail category was 69779 which is 69.21%. 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 | 933.35 (0.18%) | 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 | 162.50 (-1.34%) | 18-11-2022 | TBD | TBD | KRBL Limited | Tender Offer | ₹325.00Cr | 500 | 289.85 (-0.38%) | 25-08-2023 | TBD | TBD | Tips Industries Limited | Tender Offer | ₹37.19Cr | 625 | 464.70 (1.10%) | 22-04-2024 | TBD | TBD |
Detail Article on Benefit from buyback offer >> Read
Mangalam Organics Limited 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 Mangalam Organics Limited? How can I apply in Mangalam Organics Limited Buyback offer?Last Updated on 2018-10-25T04:24:58+00:00
