Ad www.AngelOne.in
FREE Account Opening + Zero AMC Fees* + MutualFund SIP1
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
Ad www.AngelOne.in
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.
Below is the complete details about Adani Ports and Special Economic Zone Ltd Buyback. Record date, buyback open and close dates are announce in below section.
| Buyback Type: | Tender Offer |
| Buyback Offer Amount: | Rs 1960 Cr |
| Buyback Number of Shares: | 3.92 Cr |
| Buyback Price: | Rs 500 |
| Buyback Offer Size (In %): | 9.94% |
| Total Share Capital: | Rs 88098.29 Cr |
| Face Value: | 2 Per Equity Share |
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 important 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.
| 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 |
Stock Holding table gives a clear picture on retail investor holdings of Adani Ports and Special Economic Zone 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 | 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
| 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 |
|---|---|---|---|---|---|---|---|
| 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
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?Last Updated on 2019-10-05T20:38:46+00:00
