Incorporated in 1998, Adani Ports and Special Economic Zone Ltd (APSEZ) is India's largest private port developer and operator company. The company operates 10 ports operation and approx 24% of the country's port capacity. The company is engaged in coal mining and trading; logistics- ports and logistics, shipping and rail, energy - a renewable, thermal power generation and transmission, agro commodities and ancillary industries.
June 4th, 2019:Adani Ports and Special Economic Zone Ltd (BSE:532921 | NSE:ADANIPORTS) board has approved a proposal for purchase of up to 3.92 Cr(Three Crore and Ninty Two Lakhs) shares at Rs 500 (Five Hundred) per share, aggregating Rs 1960 Cr (One Thousand Nine Hundred Sixty Crores) (Buyback Offer Size) that is 9.94% of the total paid-up Equity Share Capital and free reserves as of March 2019.
The company also announced a dividend of 10% (Rs 0.20) per equity share of Rs. 2/- each fully paid up for the financial year ended March 31, 2019.
»» Total Share Capital: Rs 88098.29 Cr
»» Face Value: 2 Per Equity Share
»» Buyback Offer Amount: Rs 1960 Cr
»» Buyback Offer Size (In %): 9.94%
»» Buyback Number of Shares: 3.92 Cr
»» Buyback Price: Rs 500
»» Promoters and Promoter Group participation:Yes
»» Buyback type:Tender Offer
»» Can I Invest today to participate in Adani Ports and Special Economic Zone Ltd buyback offer :No
We recommend for Adani Ports buyback as official acceptance ratio for the retail investors are going to be between 50 to 60% and actual acceptance ratio is going to be 60% to 80%. We tend to rate Adani Ports buyback as 4.0/5 (Good).
Making a resonable amount of profit is possible in Adani Ports buyback for a new retail investor. With referance to current market price buyback price is up by 17.65% (Approx).
In this section we have covered all imporatant dates related to Adani Ports and Special Economic Zone 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.
|Board Meeting for Buyback proposal||4th Jun 2019|
|Buyback Approval date||4th Jun 2019|
|Public Announcement of Buyback||4th Jun 2019|
|Record Date||21st Jun 2019|
|Buyback opens on/Buyback Opening Date||6th Sep 2019|
|Buyback closes on/Buyback Closing Date||20th Sep 2019|
|Cut-off date to receive completed tender forms by Registrar||23rd Sep 2019|
|Cut-off date for verification by the Registrar||24th Sep 2019|
|Cut-off date to inform Stock Exchange on acceptance or non-acceptance of tendered Equity Shares by Registrar||30th Sep 2019|
|Last date of settlement of bids on the stock exchange||1st Oct 2019|
|Last date to return unaccepted shares by Registrar||1st Oct 2019|
|Last date of extinguishment of Equity Shares||8th Oct 2019|
Stock Holding table will give you a clear picture, how many retail investor holding Adani Ports and Special Economic Zone Ltd shares, with this you can plan for participate in buyback offer. The less number of retail holding make more chance to get higher acceptance ratio in buyback under ratail category = higher profit.
|Holding Type||In %|
Adani Ports and Special Economic Zone Ltd Public Announcement >>Document
Adani Ports and Special Economic Zone Ltd Draft Letter of Offer >>Document
Adani Ports and Special Economic Zone Ltd Letter of Offer >>Document
Adani Ports and Special Economic Zone Ltd Post Buyback Public Announcement >>Document
For Buy back shares holders are divided in 2 categories:
|Category||Entitlement Ratio of Buyback Per Equity Shares||Entitlement Ratio of Buyback in %|
|Reserved Category||19 Equity Share out of every 92 fully paid-up Equity Share held on the Record Date.||20.66|
|General Category||1 Equity Share out of every 61 fully paid-up Equity Share held on the Record Date.||1.63%|
For Adani Ports and Special Economic Zone Ltd Buyback Offer, Report updated by the manager of buyback -
In general category - response received 6.93%, No. of Equity Shares reserved in Buyback was 3,33,20,000 where valid bid received for retail category was 23,08,24,965 which is 6.93% oversubscribed.
In Reserved category for Small Shareholders (Retail) - response received only 2.33%, No. of Equity Shares reserved in Buyback was 58,80,000 where valid bid received for retail category was 1,36,72,267 which is 2.33%. Final Acceptance Ratio for Retail Investors was 21%.
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|
|Thomas Cook India Ltd||Tender Offer||Rs 150 Cr||57.50||31.10 (4.71%)||07-03-2020||TBD||TBD||NIIT Technologies||Tender Offer||Rs 337 Cr||1725||1457.30 (0.46%)||12-03-2020||29-05-2020||11-06-2020||Tips Industries Limited||Tender Offer||Rs 18.90 Cr||140||103.15 (-0.43%)||03-04-2020||TBD||TBD||Coral India Finance And Housing Ltd||Tender Offer||Rs 21.08 Cr||17||14.01 (-2.16%)||17-04-2020||TBD||TBD||Indiabulls Real Estate Limited||Tender Offer||Rs 500 Cr||100||44.30 (1.14%)||TBD||TBD||TBD||Granules India Ltd||Tender Offer||Rs 250 Cr||200||181.25 (5.78%)||TBD||TBD||TBD|
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Detail Article on Benefit from buyback offer >> ReadAdani Ports and Special Economic Zone 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 Adani Ports and Special Economic Zone Ltd? How can I apply in Adani Ports and Special Economic Zone Ltd Buyback offer?
Last Updated on 2019-10-05T20:38:46+00:00
The Record Date for Adani Ports and Special Economic Zone Ltd Buyback offer is 21st Jun 2019
Which means you should hold the Adani Ports and Special Economic Zone Ltd share in your demat account by closing session of 21st Jun 2019. Share purchased on and before (21st Jun 2019) - 2 business days will be available in your demat account by 21st Jun 2019.
Its all depend on acceptance ratio which usually announce with Letter of Offer. Lets assume if you have Adani Ports and Special Economic Zone Ltd shares at ₹425 and buyback offer price is ₹500, you can get ₹75 per accepted share. If you hold 471 shares of Adani Ports and Special Economic Zone Ltd and if proportionate acceptance is between 33% and 50%, in such case you are eligible to sell your 155 to 236 shares with the gain from buyback of ₹11625 to ₹17700.
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|
Steps to participate in Adani Ports and Special Economic Zone 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 Adani Ports and Special Economic Zone Ltd: 6th Sep 2019
Buyback closing date for Adani Ports and Special Economic Zone Ltd: 20th Sep 2019
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 23rd Sep 2019.
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 1st Oct 2019.
Money will be directly deposited in your registered bank account with broker. Usually money will be deposited on and after 1st Oct 2019, which is last date of settlement of bids on the Stock Exchange.
In case of physical share holding, you will get a cheque.