Cochin Shipyard Ltd Buyback Oct 2018

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Oct 16, 2018: Cochin Shipyard Ltd (BSE:540678 | NSE:COCHINSHIP) board has approved a proposal for buyback of up to 46.95 lakhs shares at Rs 455 per share, aggregating Rs 200 cr which is 3.23% of total number of paid-up equity shares capital.Record date for buyback is also announced as 31 Oct 2018.

We assume buyback acceptance ratio below 20%, so avoide for buyback gain./

Cochin Shipyard Ltd Buyback Offer Details

      »»   Total Share Capital: 5336.17
      »»   Face Value: 10 Per Equity Share
      »»   Buyback Offer Amount: Rs 200 Cr
      »»   Buyback Offer Size (In %): 3.23%
      »»   Buyback Number of Shares: 43.95 Lakhs
      »»   Buyback Price: Rs 455
      »»   Promoters and Promoter Group participation:Yes
      »»   Buyback type:Tender Offer
      »»   Can I Invest today to participate in Cochin Shipyard Ltd buyback offer :No

Cochin Shipyard Ltd Buyback Important Dates

In this section we have covered all imporatant dates related to Cochin Shipyard 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.

    Cochin Shipyard Ltd buyback offer important dates
    Buyback Activity Date
    Board Meeting for Buyback proposal 16th Oct 2018
    Buyback Approval date 16th Oct 2018
    Public Announcement of Buyback 16th Oct 2018
    Record Date 31st Oct 2018
    Buyback opens on/Buyback Opening Date 28th Nov 2018
    Buyback closes on/Buyback Closing Date 11th Dec 2018
    Cut-off date to receive completed tender forms by Registrar 13th Dec 2018
    Cut-off date for verification by the Registrar 17th Dec 2018
    Cut-off date to inform Stock Exchange on acceptance or non-acceptance
    of tendered Equity Shares by Registrar
    20th Dec 2018
    Last date of settlement of bids on the stock exchange 20th Dec 2018
    Last date to return unaccepted shares by Registrar 20th Dec 2018
    Last date of extinguishment of Equity Shares 27th Dec 2018

Cochin Shipyard Ltd Share Holding Pattern as of June 2018

Stock Holding table will give you a clear picture, how many retail investor holding Cochin Shipyard 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 %
    Promoter-Foreign 0.0%
    Promoter-Indian 75%
    Non-Promoter-Institutions 14.13%
    Non-Promoter-Non-Institutions 10.87

Cochin Shipyard Ltd Ratio of Buyback

    For Buy back shares holders are divided in 2 categories:

    • Reserved category for Small Shareholders ("Reserved Category") - Who holds Max Rs 2 Lakhs worth of shares @Rs 387 per equity share - in such case Max 516 Equity Shares as of Record Date 31st Oct 2018.
    • General category for all Shareholders other than Small Shareholders ("General Category")

    Cochin Shipyard Ltd Ratio of Buy Back

    Category Entitlement Ratio of Buyback Per Equity Shares Entitlement Ratio of Buyback in %
    Reserved Category 7 Equity Shares out of every 96 fully paid-up Equity Shares held on the Record Date. 7.29%
    General Category 1 Equity Share out of every 34 fully paid-up Equity Share held on the Record Date. 2.94%

Buyback Calculator - Check your Profit/Loss and Breakeven point for left out shares.

Post buyback comments Cochin Shipyard Ltd

    For Cochin Shipyard Ltd Buyback Offer, Report updated by the manager of buyback -

    In general category - response received 494.53%, No. of Equity Shares reserved in Buyback was 3736268 where valid bid received for retail category was 18476817 which is 494.53% oversubscribed.

    In Reserved category for Small Shareholders (Retail) - response received only 276.01%, No. of Equity Shares reserved in Buyback was 659342 where valid bid received for retail category was 1819860 which is 276.01%. Final Acceptance Ratio for Retail Investors was 7.29%.

Current and Upcoming Buybacks Key dates

The table below will give you a complete dashboard view for all open buyback offer in current market.

Current and Upcoming Buybacks Key dates
Company NameBuyback TypeOffer AmountBuyback PriceCMPRecord DateBuyback Open DateBuyback End Date
KPR MillTender OfferRs 263.3 Cr702555.90 (-0.25%)19-06-2017TBDTBD
Sasken Technologies LtdTender OfferRs 169.88 Cr850604.55 (0.64%)05-07-201911-10-201924-10-2019
Welspun Corp LimitedTender OfferRs 360 Cr140128.90 (-0.77%)05-07-2019TBDTBD
Greaves Cotton LtdTender OfferRs 240 Cr175132.75 (-1.85%)12-07-201918-10-201901-11-2019
Eris Lifesciences Limited Tender OfferRs 100 Cr575430.75 (0.47%)15-07-2019TBDTBD
Smartlink Holdings Ltd Tender OfferRs 47.45 Cr13086.15 (1.71%)13-08-2019TBDTBD
Automobile Corporation of GoaTender OfferRs 19.98 Cr600522.95 (3.97%)20-09-201918-10-20194-11-2019
NIIT LtdTender OfferRs 335 Cr12587.00 (-3.17%)18-10-2019TBDTBD
Kaveri Seed Company LtdTender OfferRs 196 Cr700465.55 (0.94%)TBDTBDTBD
Indiabulls Real Estate LimitedTender OfferRs 500 Cr10045.55 (4.95%)TBDTBDTBD
Indiabulls Ventures LimitedTender OfferRs 1000 Cr150100.30 (-3.60%)TBDTBDTBD

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Detail Article on Benefit from buyback offer >> Read

Cochin Shipyard 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 Cochin Shipyard Ltd? How can I apply in Cochin Shipyard Ltd Buyback offer?

Company Contact Information

Administrative Building,
Cochin Shipyard Premises,
Perumanoor,
Kochi-Kerala-682015
Website: http://www.cochinshipyard.com

Registrar Contact Information

Link Intime India Pvt. Ltd.
C 101, 247 Park,
L.B.S. Marg, Vikhroli (West)
Mumbai - 400083
Website: http://www.linkintime.co.in
Request call back from

Last Updated on 2018-12-27T04:20:45+00:00

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User Comments

avatar
1. Sandeep Kumat  Nov 24, 2018 9:08:18 AM IST Reply
Retail acceptance ratio is coming around 8% which is very low, It can go max 20%.
avatar
2.1. CA Sachin jain  Nov 27, 2018 5:41:47 PM IST
Experts Comments - Acceptance Ratio Tentative- 12 to 20%

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