Automobile Corporation of Goa Buyback 2019 Review

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Incorporated in 1980, Automobile Corporation of Goa (ACGL) is full integrated engineering unit. The company was jointly promoted by Tata Motors Lts and EDC Ltd. The comany manutactures sheet metal components, assemblies and bus coaches. The company have 5 plants, 3 in Goa, 1 in Pune, MH and 1 in Dharwad, KA.

AUTOCORP Buyback 2019 Latest Update

July 25th, 2019:Automobile Corporation of Goa (BSE:505036 | NSE:AUTOCORP) board has approved a proposal for purchase of up to 3.33 lakh(Three lakhs and thirty three thousand) shares at Rs 600 (Rupees Six Hundred) per share, aggregating Rs 19.98 lakhs (Rupees Nineteen Crore Ninety Eight Lakhs) (Buyback Offer Size) that is 9.93% of total paid equity share capital.

Automobile Corporation of Goa Buyback Offer Details

      »»   Total Share Capital: Rs 309.65 Cr
      »»   Face Value: 10 Per Equity Share
      »»   Buyback Offer Amount: Rs 19.98 Cr
      »»   Buyback Offer Size (In %): 9.93%
      »»   Buyback Number of Shares: 3.33 Lakhs
      »»   Buyback Price: Rs 600
      »»   Promoters and Promoter Group participation:Yes
      »»   Buyback type:Tender Offer
      »»   Can I Invest today to participate in Automobile Corporation of Goa buyback offer :No

Review & Recommendation

We advocate honest for AUTOCORP buyback as official acceptance ratio for the retail investors are going to be between 3 to 7% (Three to Seven percent) and actual acceptance ration is going to be Thn to Twenty percent (10% to 20%). We tend to rate AUTOCORP buyback as 3.0/5 (Fair).

Making a resonable amount of profit is possible in AUTOCORP buyback for a new retail investor. With referance to current market price buyback price is up by 23% (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)

Automobile Corporation of Goa Buyback Important Dates

In this section we have covered all imporatant dates related to Automobile Corporation of Goa 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.

    Automobile Corporation of Goa buyback offer important dates
    Buyback Activity Date
    Board Meeting for Buyback proposal 25th Jul 2019
    Buyback Approval date 25th Jul 2019
    Public Announcement of Buyback 25th Jul 2019
    Record Date 20th Sep 2019
    Buyback opens on/Buyback Opening Date 18th Oct 2019
    Buyback closes on/Buyback Closing Date 4th Nov 2019
    Cut-off date to receive completed tender forms by Registrar 6th Nov 2019
    Cut-off date for verification by the Registrar 8th Nov 2019
    Cut-off date to inform Stock Exchange on acceptance or non-acceptance
    of tendered Equity Shares by Registrar
    11th Nov 2019
    Last date of settlement of bids on the stock exchange 13th Nov 2019
    Last date to return unaccepted shares by Registrar 13th Nov 2019
    Last date of extinguishment of Equity Shares 20th Nov 2019

Automobile Corporation of Goa Share Holding Pattern as of June 2019

Stock Holding table will give you a clear picture, how many retail investor holding Automobile Corporation of Goa 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 0.0%
    Promoter-Indian 53.50%
    Non-Promoter-Institutions 0.09%
    Non-Promoter-Non-Institutions 46.41%

Automobile Corporation of Goa Draft Letter of Offer >>Document

Automobile Corporation of Goa Letter of Offer >>Document

Automobile Corporation of Goa 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 517.55 per equity share - in such case Max 386 Equity Shares as of Record Date 20th Sep 2019.
    • General category for all Shareholders other than Small Shareholders ("General Category")

    Automobile Corporation of Goa Ratio of Buy Back

    Category Entitlement Ratio of Buyback Per Equity Shares Entitlement Ratio of Buyback in %
    Reserved Category 9 Equity Share out of every 80 fully paid-up Equity Share held on the Record Date. 11.15
    General Category 9 Equity Share out of every 80fully paid-up Equity Share held on the Record Date. 11.15

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

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

Automobile Corporation of Goa 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 Automobile Corporation of Goa? How can I apply in Automobile Corporation of Goa Buyback offer?

Company Contact Information

Automobile Corporation of Goa
Honda
Sattari
Goa
403530
Website: http://www.acglgoa.com

Registrar Contact Information

TSR Darashaw Consultants Pvt. Ltd.
No. 6-10,
Haji Moosa Patrawala Ind. Estate,
20, Dr. E. Moses Road,
Mumbai - 400011
Maharashtra
Website: http://www.tsrdarashaw.com
Request call back from

Last Updated on 2019-10-11T00:22:10+00:00

FAQs

  1. What is the record date for Automobile Corporation of Goa buyback offer?

    The Record Date for Automobile Corporation of Goa Buyback offer is 20th Sep 2019

    Which means you should hold the Automobile Corporation of Goa share in your demat account by closing session of 20th Sep 2019. Share purchased on and before (20th Sep 2019) - 2 business days will be available in your demat account by 20th Sep 2019.

    Discuss this question

  2. How much I can make with Automobile Corporation of Goa buyback offer?

    Its all depend on acceptance ratio which usually announce with Letter of Offer. Lets assume if you have Automobile Corporation of Goa shares at ₹485 and buyback offer price is ₹600, you can get ₹115 per accepted share. If you hold 412 shares of Automobile Corporation of Goa and if proportionate acceptance is between 33% and 50%, in such case you are eligible to sell your 136 to 206 shares with the gain from buyback of ₹15640 to ₹23690.

    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.

    Automobile Corporation of Goa Buyback Profit Calculation

    % Share AcceptedNo of Shared AcceptedGain from Buyback Offer
    33%136₹15640
    50%206₹23690
    75%309₹35535
    100%412₹47380

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  3. How to Participate in Automobile Corporation of Goa buyback offer?

    Steps to participate in Automobile Corporation of Goa buyback:

    1. On Record date (20th Sep 2019) you must have share of Automobile Corporation of Goa 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 Automobile Corporation of Goa 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 Automobile Corporation of Goa share for buyback?

    Buyback opening date for Automobile Corporation of Goa: 18th Oct 2019

    Buyback closing date for Automobile Corporation of Goa: 4th Nov 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 6th Nov 2019.

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  6. When I will know how much shares accepted in Automobile Corporation of Goa 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 13th Nov 2019.

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  7. How and when will I get money for accepted shares of Automobile Corporation of Goa buyback?

    Money will be directly deposited in your registered bank account with broker. Usually money will be deposited on and after 13th Nov 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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