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Incorporated in 1975, Balrampur Chini Mills Ltd is one of the India's largest integrated sugar manufacturing companies.Company also have Alcohol and generation and selling of power business.Company have 10 Sugar factories located in U.P.
Last year also company has performed the buyback of Rs 99 Cr@150 per share. The response for buyback was too much in ratail category. The acceptance ratio was about 4.06%. We expect around 5% acceprance ratio this time in retail category. For more detail about Feb 2018 - Last year buyback please refer the link.
Apr 5th, 2019: Balrampur Chini Mills Ltd (BSE:500038 | NSE:BALRAMCHIN) board has approved a proposal for buyback of up to 84.38 lakh shares at Rs 175 per share, aggregating Rs 147.67 Cr (Buyback Offer Size) which is 3.69% of total paid-up equity share capital.
Below is the complete details about Balrampur Chini Mills Ltd Buyback. Record date, buyback open and close dates are announce in below section.
| Buyback Type: | Tender Offer |
| Buyback Offer Amount: | Rs 147.67 Cr |
| Buyback Number of Shares: | 84.38 lakh |
| Buyback Price: | Rs 175 |
| Buyback Offer Size (In %): | 3.69% |
| Total Share Capital: | Rs 3320.35 Cr |
| Face Value: | 1 Per Equity Share |
Can I Invest today to participate in Balrampur Chini Mills Ltd buyback offer? No
In this section we have covered all important dates related to Balrampur Chini Mills 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 | 5th Apr 2019 |
| Buyback Approval date | 5th Apr 2019 |
| Public Announcement of Buyback | 5th Apr 2019 |
| Record Date | 18th Apr 2019 |
| Buyback opens on/Buyback Opening Date | 16th May 2019 |
| Buyback closes on/Buyback Closing Date | 29th May 2019 |
| Cut-off date to receive completed tender forms by Registrar | 31st May 2019 |
| Cut-off date for verification by the Registrar | 7th Jun 2019 |
| Cut-off date to inform Stock Exchange on acceptance or non-acceptance
of tendered Equity Shares by Registrar |
7th Jun 2019 |
| Last date of settlement of bids on the stock exchange | 10th Jun 2019 |
| Last date to return unaccepted shares by Registrar | 10th Jun 2019 |
| Last date of extinguishment of Equity Shares | 17th Jun 2019 |
Stock Holding table gives a clear picture on retail investor holdings of Balrampur Chini Mills 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 | 40.98% |
| Non-Promoter-Institutions | 22.53% |
| Non-Promoter-Non-Institutions | 36.49% |
Balrampur Chini Mills Ltd Draft Letter of Offer >>Document
Balrampur Chini Mills Ltd Letter of Offer >>Document
Balrampur Chini Mills Ltd Post Buyback Public Announcement >>Document
| Category | Entitlement Ratio of Buyback Per Equity Shares | Entitlement Ratio of Buyback in % |
|---|---|---|
| Reserved Category | 5 Equity Share out of every 62 fully paid-up Equity Share held on the Record Date. | 8.06% |
| General Category | 3 Equity Share out of every 89 fully paid-up Equity Share held on the Record Date | 3.37% |
For Balrampur Chini Mills Ltd Buyback Offer, Report updated by the manager of buyback -
In general category - response received 684.10%, No. of Equity Shares reserved in Buyback was 7172577 where valid bid received for retail category was 4906771 which is 684.10% oversubscribed.
In Reserved category for Small Shareholders (Retail) - response received only 258.08%, No. of Equity Shares reserved in Buyback was 1265750 where valid bid received for retail category was 3266618 which is 258.08%. Final Acceptance Ratio for Retail Investors was 8.06%.
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 | 966.40 (-1.91%) | 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 | 180.00 (6.48%) | 18-11-2022 | TBD | TBD | KRBL Limited | Tender Offer | ₹325.00Cr | 500 | 299.20 (1.00%) | 25-08-2023 | TBD | TBD | Tips Industries Limited | Tender Offer | ₹37.19Cr | 625 | 460.95 (-0.25%) | 22-04-2024 | 26-04-2024 | 03-05-2024 |
Detail Article on Benefit from buyback offer >> Read
Balrampur Chini Mills 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 Balrampur Chini Mills Ltd? How can I apply in Balrampur Chini Mills Ltd Buyback offer?Last Updated on 2020-07-10T22:57:16+00:00
Thanks
Ashish Gupta