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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./
Below is the complete details about Cochin Shipyard Ltd Buyback. Record date, buyback open and close dates are announce in below section.
Buyback Type: | Tender Offer |
Buyback Offer Amount: | Rs 200 Cr |
Buyback Number of Shares: | 43.95 Lakhs |
Buyback Price: | Rs 455 |
Buyback Offer Size (In %): | 3.23% |
Total Share Capital: | 5336.17 |
Face Value: | 10 Per Equity Share |
Can I Invest today to participate in Cochin Shipyard Ltd buyback offer? No
In this section we have covered all important 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.
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 |
Stock Holding table gives a clear picture on retail investor holdings of Cochin Shipyard 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 | 75% |
Non-Promoter-Institutions | 14.13% |
Non-Promoter-Non-Institutions | 10.87 |
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% |
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%.
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 | 819.00 (0.44%) | 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 | 140.55 (0.14%) | 18-11-2022 | TBD | TBD | KRBL Limited | Tender Offer | ₹325.00Cr | 500 | 277.50 (-1.65%) | 25-08-2023 | TBD | TBD | Dwarikesh Sugar Industries Limited | Tender Offer | ₹31.50Cr | 105 | 69.50 (-5.61%) | 20-03-2024 | 27-03-2024 | 03-04-2024 | Garware Technical Fibres Limited | Tender Offer | ₹199.50Cr | 3800 | 3323.25 (2.01%) | 26-03-2024 | 01-04-2024 | 05-04-2024 | Freshtrop Fruits Limited | Tender Offer | ₹33.69Cr | 175 | 165.15 (0.76%) | 02-04-2024 | TBD | TBD |
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?Last Updated on 2018-12-27T04:20:45+00:00