Oct 25, 2018: BHEL (Bharat Heavy Electricals Ltd) (BSE:500103 | NSE:BHEL ) board has approved a proposal for buyback of up to 18.93 Cr shares at Rs 86 per share, aggregating Rs 1628 cr which is 5.16% of total number of paid-up equity shares capital.
»» Total Share Capital: Rs 25,828.30 Cr
»» Face Value: 2 Per Equity Share
»» Buyback Offer Amount: Rs 1628 Cr
»» Buyback Offer Size (In %): 5.16%
»» Buyback Number of Shares: 18.93 Cr
»» Buyback Price: Rs 86
»» Promoters and Promoter Group participation:Yes
»» Buyback type:Tender Offer
»» Can I Invest today to participate in Bharat Heavy Electricals Ltd buyback offer :No
Current holdings by Numbers of shares - Promoterís Holding = 63.06% = 167,183,056 Equity Shares, Public holding upto Rs.2Lacs = 4.24% = 15,55,36,808 Equity shares and Total number of Buy Back Shares = 18,93,36,645 Equity Shares.
15% are reserved for Small Shareholders (Ratail Investor) of buyback size = 2,84,00,451 Equity Shares
With this calculation current acceptance ratio for ratail investors is 16.66%, this can be change depend on holding of retail investors on Record date, but we assume it will no go below 15%.
In this section we have covered all imporatant dates related to Bharat Heavy Electricals 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.
|Board Meeting for Buyback proposal||25th Oct 2018|
|Buyback Approval date||25th Oct 2018|
|Public Announcement of Buyback||25th Oct 2018|
|Record Date||6th Nov 2018|
|Buyback opens on/Buyback Opening Date||13th Dec 2018|
|Buyback closes on/Buyback Closing Date||27th Dec 2018|
|Cut-off date to receive completed tender forms by Registrar||29th Dec 2018|
|Cut-off date for verification by the Registrar||31st Dec 2018|
|Cut-off date to inform Stock Exchange on acceptance or non-acceptance of tendered Equity Shares by Registrar||4th Jan 2018|
|Last date of settlement of bids on the stock exchange||7th Jan 2018|
|Last date to return unaccepted shares by Registrar||7th Jan 2018|
|Last date of extinguishment of Equity Shares||14th Jan 2018|
Stock Holding table will give you a clear picture, how many retail investor holding Bharat Heavy Electricals Ltd 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 %|
Bharat Heavy Electricals Ltd Draft Letter of Offer >>Document
Bharat Heavy Electricals Ltd Letter of Offer >>Document
Bharat Heavy Electricals Ltd Post Buyback Public Announcement >>Document
For Buy back shares holders are divided in 2 categories:
|Category||Entitlement Ratio of Buyback Per Equity Shares||Entitlement Ratio of Buyback in %|
|Reserved Category||16 Equity Share out of every 87 fully paid-up Equity Share held on the Record Date.||18.4%|
|General Category||34 Equity Share out of every 743 fully paid-up Equity Share held on the Record Date.||4.57%|
For Retail Customers Proposed Acceptance Ratio is 18.40% which can go up to 25 to 30%.
For Bharat Heavy Electricals Ltd Buyback Offer, Report updated by the manager of buyback -
In general category - response received 184.48%, No. of Equity Shares reserved in Buyback was 24800497 where valid bid received for retail category was 52394321 which is 184.48% oversubscribed.
In Reserved category for Small Shareholders (Retail) - response received only 270.51%, No. of Equity Shares reserved in Buyback was 160936148 where valid bid received for retail category was 435340862 which is 270.51%. Final Acceptance Ratio for Retail Investors was 18.4%.
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|
|KPR Mill||Tender Offer||Rs 263.3 Cr||702||544.05 (-0.87%)||19-06-2017||TBD||TBD||Wipro Ltd||Tender Offer||Rs 10500 Cr||325||251.35 (-0.26%)||21-06-2019||14-08-2019||28-08-2019||Adani Ports and Special Economic Zone Ltd||Tender Offer||Rs 1960 Cr||500||349.40 (1.28%)||21-06-2019||TBD||TBD||Sasken Technologies Ltd||Tender Offer||Rs 169.88 Cr||850||485.45 (0.10%)||05-07-2019||TBD||TBD||Welspun Corp Limited||Tender Offer||Rs 360 Cr||140||111.30 (0.68%)||05-07-2019||TBD||TBD||Greaves Cotton Ltd||Tender Offer||Rs 240 Cr||175||120.25 (3.80%)||12-07-2019||TBD||TBD||Eris Lifesciences Limited||Tender Offer||Rs 100 Cr||575||394.95 (0.10%)||15-07-2019||TBD||TBD||BSE limited||Tender Offer||Rs 460 Cr||680||492.85 (1.48%)||29-07-2019||TBD||TBD||Smartlink Holdings Ltd||Tender Offer||Rs 47.45 Cr||130||80.1 (1.26%)||13-08-2019||TBD||TBD||Gandhi Special Tubes Ltd||Tender Offer||Rs 49.50 Cr||550||295.00 (2.09%)||16-08-2019||TBD||TBD||Automobile Corporation of Goa||Tender Offer||Rs 19.98 Cr||600||469.00 (1.91%)||TBD||TBD||TBD||NIIT Ltd||Tender Offer||Rs 335 Cr||125||88.30 (0.74%)||TBD||TBD||TBD|
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Detail Article on Benefit from buyback offer >> ReadBharat Heavy Electricals 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 Bharat Heavy Electricals Ltd? How can I apply in Bharat Heavy Electricals Ltd Buyback offer?
The Record Date for Bharat Heavy Electricals Ltd Buyback offer - 6th Nov 2018
To participate in Bharat Heavy Electricals Ltd buyback offer, record date is 6th Nov 2018. Which means you should hold the Bharat Heavy Electricals Ltd share in your demat account by closing session of 6th Nov 2018. Share purchased on and before (6th Nov 2018) - 2 business days will be available in your demat account by 6th Nov 2018.
Its all depend on acceptance ratio which usually announce with Letter of Offer. Let's assume if you have Bharat Heavy Electricals Ltd shares at Rs 70 and buyback offer price is Rs 86, you can get Rs 16 per accepted share. If you hold 2857 shares of Bharat Heavy Electricals Ltd and if proportionate acceptance is between 33% and 50%, in such case you are eligible to sell your 943 to 1428 shares with the gain from buyback of Rs 15088 to Rs 22848.
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.
|% Share Accepted||No of Shared Accepted||Gain from Buyback Offer|
Steps to participate in Bharat Heavy Electricals Ltd 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.
Buyback opening date for Bharat Heavy Electricals Ltd: 13th Dec 2018
Buyback closing date for Bharat Heavy Electricals Ltd: 27th Dec 2018
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 29th Dec 2018.
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 7th Jan 2018.
Money will be directly deposited in your registered bank account with broker. Usually money will be deposited on and after 7th Jan 2018, which is last date of settlement of bids on the Stock Exchange.
In case of physical share holding, you will get a cheque.
Rejected shares will be available in your demat account for trading in open market by 7th Jan 2018.
Use our unique Buyback Calculator, to calculate your final profit with leftout shares on current market price.
Last Updated on 2019-01-17T21:44:35+00:00