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
Nov 06, 2018: Baba Arts Ltd (BSE:532380 | NSE:) board has approved a proposal for buyback of up to 75.18 lakhs shares at Rs 4.50 per share, aggregating Rs 3.38 Cr (Buyback Offer Size) which is 17.82% of total paid-up equity share.
Below is the complete details about Baba Arts Ltd Buyback. Record date, buyback open and close dates are announce in below section.
| Buyback Type: | Tender Offer |
| Buyback Offer Amount: | Rs 3.38 Cr |
| Buyback Number of Shares: | 75.18 lakhs |
| Buyback Price: | Rs 4.50 |
| Buyback Offer Size (In %): | 17.82% |
| Total Share Capital: | Rs 18.91 Cr |
| Face Value: | 1 Per Equity Share |
Can I Invest today to participate in Baba Arts Ltd buyback offer? No
In this section we have covered all important dates related to Baba Arts 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 | 13th Nov 2018 |
| Buyback Approval date | 13th Nov 2018 |
| Public Announcement of Buyback | 13th Nov 2018 |
| Record Date | 15th Jan 2019 |
| Buyback opens on/Buyback Opening Date | 8th Feb 2019 |
| Buyback closes on/Buyback Closing Date | 22nd Feb 2019 |
| Cut-off date to receive completed tender forms by Registrar | 26th Feb 2019 |
| Cut-off date for verification by the Registrar | 28th Feb 2019 |
| Cut-off date to inform Stock Exchange on acceptance or non-acceptance
of tendered Equity Shares by Registrar |
5th Mar 2019 |
| Last date of settlement of bids on the stock exchange | 6th Mar 2019 |
| Last date to return unaccepted shares by Registrar | 6th Mar 2019 |
| Last date of extinguishment of Equity Shares | 13th Mar 2019 |
Stock Holding table gives a clear picture on retail investor holdings of Baba Arts 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 | 0.0% |
| Promoter-Indian | 73.92% |
| Non-Promoter-Institutions | 0.02% |
| Non-Promoter-Non-Institutions | 26.06% |
Baba Arts Ltd Public Announcement >>Document
Baba Arts Ltd Draft Letter of Offer >>Document
Baba Arts Ltd Letter of Offer >>Document
Baba Arts Ltd Post Buyback Public Announcement >>Document
| Category | Entitlement Ratio of Buyback Per Equity Shares | Entitlement Ratio of Buyback in % |
|---|---|---|
| Reserved Category | 28 Equity Share out of every 135 fully paid-up Equity Share held on the Record Date. | 20.74 |
| General Category | 76 Equity Share out of every 649 fully paid-up Equity Share held on the Record Date. | 11.71 |
For Baba Arts Ltd Buyback Offer, Report updated by the manager of buyback -
In general category - response received 118.42%, No. of Equity Shares reserved in Buyback was 6390555 where valid bid received for retail category was 7567973 which is 118.42% oversubscribed.
In Reserved category for Small Shareholders (Retail) - response received only 46.75%, No. of Equity Shares reserved in Buyback was 1127745 where valid bid received for retail category was 527315 which is 46.75%. 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 | 931.65 (-1.06%) | 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 | 164.70 (0.61%) | 18-11-2022 | TBD | TBD | KRBL Limited | Tender Offer | ₹325.00Cr | 500 | 290.95 (-1.59%) | 25-08-2023 | TBD | TBD | Tips Industries Limited | Tender Offer | ₹37.19Cr | 625 | 459.65 (-0.45%) | 22-04-2024 | TBD | TBD |
Detail Article on Benefit from buyback offer >> Read
Baba Arts 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 Baba Arts Ltd? How can I apply in Baba Arts Ltd Buyback offer?Last Updated on 2019-03-25T22:36:33+00:00
