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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.
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.
Below is the complete details about Automobile Corporation of Goa Buyback. Record date, buyback open and close dates are announce in below section.
Buyback Type: | Tender Offer |
Buyback Offer Amount: | Rs 19.98 Cr |
Buyback Number of Shares: | 3.33 Lakhs |
Buyback Price: | Rs 600 |
Buyback Offer Size (In %): | 9.93% |
Total Share Capital: | Rs 309.65 Cr |
Face Value: | 10 Per Equity Share |
Can I Invest today to participate in Automobile Corporation of Goa buyback offer? No
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).
In this section we have covered all important 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.
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 |
Stock Holding table gives a clear picture on retail investor holdings of Automobile Corporation of Goa 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 | 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 Post Buyback Public Announcement >>Document
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 |
For Automobile Corporation of Goa Buyback Offer, Report updated by the manager of buyback -
In general category - response received 588.04%, No. of Equity Shares reserved in Buyback was 252937 where valid bid received for retail category was 1487359 which is 588.04% oversubscribed.
In Reserved category for Small Shareholders (Retail) - response received only 74.43%, No. of Equity Shares reserved in Buyback was 80063 where valid bid received for retail category was 59592 which is 74.43%. Final Acceptance Ratio for Retail Investors was 100%.
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 | 844.55 (-1.33%) | 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 | 151.90 (-0.07%) | 18-11-2022 | TBD | TBD | KRBL Limited | Tender Offer | ₹325.00Cr | 500 | 289.75 (0.77%) | 25-08-2023 | TBD | TBD | Shervani Industrial Syndicate Limited | Tender Offer | ₹6.83Cr | 510 | 543.60 (1.91%) | 07-03-2024 | 14-03-2024 | 20-03-2024 | Dwarikesh Sugar Industries Limited | Tender Offer | ₹31.50Cr | 105 | 80.37 (0.19%) | 20-03-2024 | TBD | TBD | Garware Technical Fibres Limited | Tender Offer | ₹199.50Cr | 3800 | 3201.80 (-1.15%) | 26-03-2024 | TBD | TBD |
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?Last Updated on 2019-11-20T22:16:39+00:00