Adani Ports and Special Economic Zone Ltd Buyback 2019 Review

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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.

Adani Ports Buyback 2019 Latest Update

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.

Adani Ports and Special Economic Zone Ltd Buyback Offer Details

      »»   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

Review & Recommendation

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).

Rating

  • Poor (<10% AR)
  • Fair (Bw 11 to 30% AR)
  • Average (Bw 30 to 60% AR)
  • Good (Bw 60 to 90% AR)
  • Excellent (>90% AR)

Adani Ports and Special Economic Zone Ltd Buyback Important Dates

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.

    Adani Ports and Special Economic Zone Ltd buyback offer important dates
    Buyback Activity Date
    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

Adani Ports and Special Economic Zone Ltd Share Holding Pattern as of Mar 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 %
    Promoter-Foreign 16.27%
    Promoter-Indian 46.03%
    Non-Promoter-Institutions 34.43%
    Non-Promoter-Non-Institutions 3.26%

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

Adani Ports and Special Economic Zone Ltd Ratio of Buyback

    For Buy back shares holders are divided in 2 categories:

    • Reserved category for Small Shareholders ("Reserved Category") - Who holds Max Rs 2 Lakhs worth of shares @Rs 402 per equity share - in such case Max 497 Equity Shares as of Record Date 21st Jun 2019.
    • General category for all Shareholders other than Small Shareholders ("General Category")

    Adani Ports and Special Economic Zone Ltd Ratio of Buy Back

    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%

Buyback Calculator - Check your Profit/Loss and Breakeven point for left out shares.

Post buyback comments Adani Ports and Special Economic Zone Ltd

    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%.

Current and Upcoming Buybacks Key dates

The table below will give you a complete dashboard view for all open buyback offer in current market.

Current and Upcoming Buybacks Key dates
Company NameBuyback TypeOffer AmountBuyback PriceCMPRecord DateBuyback Open DateBuyback End Date
KPR MillTender OfferRs 263.3 Cr702558.60 (0.49%)19-06-2017TBDTBD
Sasken Technologies LtdTender OfferRs 169.88 Cr850596.90 (-1.27%)05-07-201911-10-201924-10-2019
Welspun Corp LimitedTender OfferRs 360 Cr140131.10 (1.71%)05-07-201922-10-20195-11-2019
Star Cement LimitedTender OfferRs 102 Cr15093.40 (2.36%)05-07-201922-10-201905-11-2019
Greaves Cotton LtdTender OfferRs 240 Cr175128.10 (-3.50%)12-07-201918-10-201901-11-2019
Eris Lifesciences Limited Tender OfferRs 100 Cr575421.90 (-2.05%)15-07-2019TBDTBD
Smartlink Holdings Ltd Tender OfferRs 47.45 Cr13082.35 (-4.41%)13-08-201918-10-201901-11-2019
Automobile Corporation of GoaTender OfferRs 19.98 Cr600515.00 (-1.52%)20-09-201918-10-20194-11-2019
NIIT LtdTender OfferRs 335 Cr12584.95 (-2.36%)18-10-2019TBDTBD
Kaveri Seed Company LtdTender OfferRs 196 Cr700465.70 (0.03%)TBDTBDTBD
Indiabulls Real Estate LimitedTender OfferRs 500 Cr10044.50 (-2.31%)TBDTBDTBD
Indiabulls Ventures LimitedTender OfferRs 1000 Cr15090.30 (-9.97%)TBDTBDTBD

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Detail Article on Benefit from buyback offer >> Read

Adani 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?

Company Contact Information

Adani House,
Near Mithakhali Six Roads,
Navrangpura,
Ahmedabad-Gujarat-380009
Website: http://www.adaniports.com

Registrar Contact Information

Link Intime India Pvt. Ltd.,
C 101, 247 Park,
L.B.S. Marg,
Vikhroli (West)
Mumbai - 400083
Maharashtra
Website: http://www.linkintime.co.in
Request call back from

Last Updated on 2019-10-05T20:38:46+00:00

FAQs

  1. What is the record date for Adani Ports and Special Economic Zone Ltd buyback offer?

    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.

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  2. How much I can make with Adani Ports and Special Economic Zone Ltd buyback offer?

    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.

    Adani Ports and Special Economic Zone Ltd Buyback Profit Calculation

    % Share AcceptedNo of Shared AcceptedGain from Buyback Offer
    33%155₹11625
    50%236₹17700
    75%353₹26475
    100%471₹35325

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  3. How to Participate in Adani Ports and Special Economic Zone Ltd buyback offer?

    Steps to participate in Adani Ports and Special Economic Zone Ltd buyback:

    1. On Record date (21st Jun 2019) you must have share of Adani Ports and Special Economic Zone Ltd in your demat account/physical form. Depositing of share in your DP account usually take T+2 days, so you need to plan your buying accordingly.
    2. After that company announces buyback open and close window, so you need to tender your share in buyback process. You can do this online or contact your broker to tender your share in buyback, so he can place a request on your behalf.
    3. Next step is with registrar - depend on buyback acceptance ratio, your shares will be sold in buyback process and fund will directly debited in your bank account. Any rejected share will be revert in your demat account which you can sell in open market or hold for long term gain.

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  4. How many Adani Ports and Special Economic Zone Ltd share are eligible for 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.

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  5. When I need to tender Adani Ports and Special Economic Zone Ltd share for buyback?

    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.

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  6. When I will know how much shares accepted in Adani Ports and Special Economic Zone Ltd buyback offer?

    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.

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  7. How and when will I get money for accepted shares of Adani Ports and Special Economic Zone Ltd buyback?

    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.

    Discuss this question

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