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S.P. Apparels Ltd (BSE:540048, NSE:SPAL) is taking shares from investors via Buyback Offer. Do you wish to tender your shares for S.P. Apparels Buyback Oct 2022? The company has announced a buyback price of Rs 585. Buyback Announced on TBD, the Record Date for the eligible investor is 07-10-2022.
S.P. Apparels Ltd Buyabck Tender process starts from 03-11-2022 and end on 17-11-2022.
Acceptation Ratio for retail investor (Holding Shares worth of less than Rs 2 Lakhs on Record date) is 7.40%%.
The summary report of S.P. Apparels Ltd buyback contains overview, record date, tender dates, buyback size, buyback price, approximate entry level for new investors, date of extinguishment of Equity Shares, Entitlement Ratio for retail and general category.
Title | Detail |
---|---|
Company Name: | S.P. Apparels Ltd |
Buyback Type: | Tender Offer |
Total Share Capital: | 1,097.84 |
Offer Amount: | 0.06 Cr |
Offer Size: | 2.34% |
Buyback Number of Shares: | 6 Lakh |
Buyback Price: | 585 |
Approx Entry Price: | 427 |
Promoters In: | Y |
Buyback Approval Date: | - |
Record Date: | 07-10-2022 |
Open Date: | 03-11-2022 |
Close Date: | 17-11-2022 |
Payment Date: | 17-11-2022 |
Record Date Price: | 427.35 |
Maximum Retail Quantity: | 465 |
Draft Letter of Offer: | Draft Letter of Offer |
Letter of Offer: | Letter of Offer |
Acceptance Ratio Retail: | 2 Equity Share out of every 27 Fully paid-up Equity Shares held on the Record Date. |
Acceptance Ratio Retail %: | 7.40% |
Acceptance Ratio General: | 1 Equity Shares out of every 48 Fully paid-up Equity Shares held on the Record Date. |
Acceptance Ratio General %: | 2.08% |
Final Acceptance Ratio %: | - |
The Record Date for S.P. Apparels Ltd Buyback offer is 7th Oct 2022
Which means you should hold the S.P. Apparels Ltd share in your demat account by closing session of 7th Oct 2022. Share purchased on and before (7th Oct 2022) - 2 business days will be available in your demat account by 7th Oct 2022.
Its all depend on acceptance ratio which usually announce with Letter of Offer. Lets assume if you have S.P. Apparels Ltd shares at ₹427 and buyback offer price is ₹585, you can get ₹158 per accepted share. If you hold 468 shares of S.P. Apparels Ltd and if proportionate acceptance is between 33% and 50%, in such case you are eligible to sell your 154 to 234 shares with the gain from buyback of ₹24332 to ₹36972.
The percentage of proportionate acceptance varies from company to company. This percentage can be also 100% which means that company buys all of your shares.
% Share Accepted | No of Shared Accepted | Gain from Buyback Offer |
---|---|---|
33% | 154 | ₹24332 |
50% | 234 | ₹36972 |
75% | 351 | ₹55458 |
100% | 468 | ₹73944 |
Steps to participate in S.P. Apparels Ltd buyback:
Share holders who hold less than 2 lakh worth of shares are consider in Retail Category. All others will consider in General Category. Last trading price on record date will be used to calculate the eligibility criteria.
Buyback opening date for S.P. Apparels Ltd: 3rd Nov 2022
Buyback closing date for S.P. Apparels Ltd: 17th Nov 2022
This is the window when you need to submit your application for proposal for share buyback. If you are submitting tender forms or submitting physical share certificates, it must reach to registrar by .
As this is a buyback tender offer, shares are accepted in proportionate basis. Proportionate acceptance / rejection will be returned back to the eligible shareholders directly by the Registrar on or before 17th Nov 2022.
Buyback opening date for S.P. Apparels Ltd: 3rd Nov 2022
Buyback closing date for S.P. Apparels Ltd: 17th Nov 2022
This is the window when you need to submit your application for proposal for share buyback. If you are submitting tender forms or submitting physical share certificates, it must reach to registrar by .