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Incorporated in 1875, BSE Limited formerly known as Bombay Stock Exchange Ltd. is a 2nd largest stock exchange in India. In 2017 BSE become the 1st listed stock exchange in India. The corporate allows trading in equity, currencies, debt instruments, derivatives, mutual funds. BSE SME is India's largest SME platform and listed over 3000+ companies. BSE Mutual funds platform "BSE StAR MF" is India's largest online mutual fund platform, process over 30 lakh transaction per month. BSE StAR MF is leading mutual fund investment platform in terms of Mutual Funds SIP investment.BSE also launched India's first international exchange (INX). Indian Clearing Corporation Limites and BSE Institute Ltd are a subsidiary of BSE Ltd. Company is listed on NSE with the symbol as "BSE".
May 3rd, 2019:BSE Limited (BSE: | NSE:BSE) board has approved a proposal for purchase of up to 67.64 lakh(sixty seven and sixty fuor lakh) shares at Rs 680 (six hundred eighty ) per share, aggregating Rs 460 Cr(four hundred and sixty crore) (Buyback Offer Size) that is 13.06% of total paid equity share capital.
In 2018 also BSE launched Buyback via Open Market for Rs 166 Cr - 15.9 lakh chares @1100 (Maximum Price). This buyback is almost 2.5 times of previouse buyback and via Tender Offer. BSE ltd also announced dividend of Rs 25 per equity share of Rs 2 each (Face Value). Record date for dividend payout is 28 June 2019, payment will be made on or before 13 Aug 2019.
Below is the complete details about BSE limited Buyback. Record date, buyback open and close dates are announce in below section.
| Buyback Type: | Tender Offer |
| Buyback Offer Amount: | Rs 460 Cr |
| Buyback Number of Shares: | 67.64 lakh |
| Buyback Price: | Rs 680 |
| Buyback Offer Size (In %): | 13.06% |
| Total Share Capital: | Rs 3525 Cr |
| Face Value: | 2 Per Equity Share |
Can I Invest today to participate in BSE limited buyback offer? No
We advocate honest for BSE buyback as acceptance ratio for the retail investors are going to be between seven to fifteen percent (7-15%). We tend to rate BSE buyback as 3/5 (Fair). Allow us to make a case for you why we predict this buyback isn't sensible for new retail investors -
Making a large profit isn't doable in BSE purchase for a new retail investor, An existing investor will exit in purchase and book profit.
Buyback investor can get benefit of Rs 25 dividend on record date 28 June 2019.
Poor (<10% AR),Fair (Bw 11 to 30% AR), Average (Bw 30 to 60% AR), Good (Bw 60 to 90% AR),Excellent (>90% AR)
In this section we have covered all important dates related to BSE limited 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 | 3rd May 2019 |
| Buyback Approval date | 3rd May 2019 |
| Public Announcement of Buyback | 3rd May 2019 |
| Record Date | 29th Jul 2019 |
| Buyback opens on/Buyback Opening Date | 30th Aug 2019 |
| Buyback closes on/Buyback Closing Date | 16th Sep 2019 |
| Cut-off date to receive completed tender forms by Registrar | 18th Sep 2019 |
| Cut-off date for verification by the Registrar | 24th Sep 2019 |
| Cut-off date to inform Stock Exchange on acceptance or non-acceptance
of tendered Equity Shares by Registrar |
24th Sep 2019 |
| Last date of settlement of bids on the stock exchange | 25th Sep 2019 |
| Last date to return unaccepted shares by Registrar | 25th Sep 2019 |
| Last date of extinguishment of Equity Shares | 1st Oct 2019 |
Stock Holding table gives a clear picture on retail investor holdings of BSE limited 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 | 0.0% |
| Non-Promoter-Institutions | 56.97% |
| Non-Promoter-Non-Institutions | 43.03% |
BSE limited Public Announcement >>Document
BSE limited Letter of Offer >>Document
BSE limited Post Buyback Public Announcement >>Document
| Category | Entitlement Ratio of Buyback Per Equity Shares | Entitlement Ratio of Buyback in % |
|---|---|---|
| Reserved Category | 7 Equity Share out of every 52 fully paid-up Equity Share held on the Record Date. | 13.46 |
| General Category | 23 Equity Share out of every 177 fully paid-up Equity Share held on the Record Date. | 12.99 |
For BSE limited Buyback Offer, Report updated by the manager of buyback -
In general category - response received 360.72%, No. of Equity Shares reserved in Buyback was 5749999 where valid bid received for retail category was 20741522 which is 360.72% oversubscribed.
In Reserved category for Small Shareholders (Retail) - response received only 328.13%, No. of Equity Shares reserved in Buyback was 1014706 where valid bid received for retail category was 3329573 which is 328.13%. Final Acceptance Ratio for Retail Investors was 14%.
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 | 933.35 (0.18%) | 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 | 162.50 (-1.34%) | 18-11-2022 | TBD | TBD | KRBL Limited | Tender Offer | ₹325.00Cr | 500 | 289.85 (-0.38%) | 25-08-2023 | TBD | TBD | Tips Industries Limited | Tender Offer | ₹37.19Cr | 625 | 464.70 (1.10%) | 22-04-2024 | TBD | TBD |
Detail Article on Benefit from buyback offer >> Read
BSE limited 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 BSE limited? How can I apply in BSE limited Buyback offer?Last Updated on 2019-10-01T05:01:04+00:00
