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Cochin Shipyard Ltd Buyback Oct 2018

Rated 3/5 by Team InvestorGain

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./

What is Cochin Shipyard Ltd Buyback details?

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

What are Cochin Shipyard Ltd Buyback Important Dates?

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.

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 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

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%

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
Tanla Platforms LtdTender OfferRs 170 Cr1200819.00 (0.44%)25-10-2022TBDTBD
Garware Technical Fibres LtdTender OfferRs 90 Cr37504-11-2022TBDTBD
Orbit Exports LimitedTender OfferRs 10 Cr245140.55 (0.14%)18-11-2022TBDTBD
KRBL LimitedTender Offer₹325.00Cr500277.50 (-1.65%)25-08-2023TBDTBD
Dwarikesh Sugar Industries LimitedTender Offer₹31.50Cr10569.50 (-5.61%)20-03-202427-03-202403-04-2024
Garware Technical Fibres LimitedTender Offer₹199.50Cr38003323.25 (2.01%)26-03-202401-04-202405-04-2024
Freshtrop Fruits LimitedTender Offer₹33.69Cr175165.15 (0.76%)02-04-2024TBDTBD

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

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

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User Reviews

1. Sandeep Kumat Nov 24 2018 10:08:18 AM Reply
Retail acceptance ratio is coming around 8% which is very low, It can go max 20%.
2.1. CA Sachin jain Nov 27 2018 06:41:47 PM
Experts Comments - Acceptance Ratio Tentative- 12 to 20%