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

    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

    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

Current and Upcoming Buybacks Key dates
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Glance Finance ltdTender OfferRs 3.75 Cr5048.00 (3.67%)26-04-201910-06-201921-06-2019
Frontline SecuritiesTender OfferRs 7.56 Cr4024-05-2019TBDTBD
GeeCee Ventures LimitedTender OfferRs 11 Cr135113.60 (-0.35%)07-06-2019TBDTBD
FDC LtdTender OfferRs 120.05 Cr350173.20 (-0.69%)07-06-2019TBDTBD
Savita Oil Technologies LtdTender OfferRs 40.28 Cr16051214.90 (-1.83%)12-06-2019TBDTBD
Triveni Engineering & Industries LtdTender OfferRs 100 Cr10073.60 (1.66%)19-06-2019TBDTBD
KPR MillTender OfferRs 263.3 Cr702635.70 (-0.35%)19-06-2019TBDTBD
Wipro LtdTender OfferRs 10500 Cr325298.95 (0.05%)21-06-2019TBDTBD
Adani Ports and Special Economic Zone LtdTender OfferRs 1960 Cr500426.25 (0.35%)21-06-2019TBDTBD
Sasken Technologies LtdTender OfferRs 169.88 Cr850717.65 (-0.33%)TBDTBDTBD
Greaves Cotton LtdTender OfferRs 240 Cr175146.50 (-0.98%)TBDTBDTBD
Gandhi Special Tubes LtdTender OfferRs 49.50 Cr550401.00 (0.12%)TBDTBDTBD
S H Kelkar and CompanyTender OfferRs 59.40 Cr180140.25 (-0.71%)TBDTBDTBD
BSE limitedTender OfferRs 460 Cr680613.8 (0.08%)TBDTBDTBD
Welspun Corp LimitedTender OfferRs 360 Cr140140.25 (0.25%)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?

Cochin Shipyard Ltd buyback FAQ

  • What is the record date for Cochin Shipyard Ltd buyback offer?

      The Record Date for Cochin Shipyard Ltd Buyback offer - 31st Oct 2018

      To participate in Cochin Shipyard Ltd buyback offer, record date is 31st Oct 2018. Which means you should hold the Cochin Shipyard Ltd share in your demat account by closing session of 31st Oct 2018. Share purchased on and before (31st Oct 2018) - 2 business days will be available in your demat account by 31st Oct 2018.

  • How much I can make with Cochin Shipyard Ltd buyback?

      Its all depend on acceptance ratio which usually announce with Letter of Offer. Let's assume if you have Cochin Shipyard Ltd shares at Rs 387 and buyback offer price is Rs 455, you can get Rs 68 per accepted share. If you hold 517 shares of Cochin Shipyard Ltd and if proportionate acceptance is between 33% and 50%, in such case you are eligible to sell your 171 to 258 shares with the gain from buyback of Rs 11628 to Rs 17544.

      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.

      Cochin Shipyard Ltd Buyback Profit Calculation

      % Share Accepted No of Shared Accepted Gain from Buyback Offer
      33% 171 Rs 11628
      50% 258 Rs 17544
      75% 388 Rs 26384
      100% 517 Rs 35156
  • How to Participate in Cochin Shipyard Ltd buyback?

      Steps to participate in Cochin Shipyard Ltd buyback:

      1. On Record date (31st Oct 2018) you must have share of Cochin Shipyard Ltd in your demat account/physical form. Depositing of share in your DP account usually take T+2 days, so you need to plan your buying accordingly.
      2. After that company announces buyback open and close window, so you need to tender your share in buyback process. You can do this online or contact your broker to tender your share in buyback, so he can place a request on your behalf.
      3. Next step is with registrar - depend on buyback acceptance ratio, your shares will be sold in buyback process and fund will directly debited in your bank account. Any rejected share will be revert in your demat account which you can sell in open market or hold for long term gain.
  • How many Cochin Shipyard Ltd share are eligible for 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.

  • When I need to tender Cochin Shipyard Ltd share?

        Buyback opening date for Cochin Shipyard Ltd: 28th Nov 2018

        Buyback closing date for Cochin Shipyard Ltd: 11th 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 13th Dec 2018.

  • When I will know how much shares accepted in Cochin Shipyard Ltd buyback offer?

      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 20th Dec 2018.

  • How and when will I get money for accepted shares of Cochin Shipyard Ltd buyback?

        Money will be directly deposited in your registered bank account with broker. Usually money will be deposited on and after 20th Dec 2018, which is last date of settlement of bids on the Stock Exchange.

        In case of physical share holding, you will get a cheque.

  • What will happen to rejected shares of Cochin Shipyard Ltd buyback offer?

        Rejected shares will be available in your demat account for trading in open market by 20th Dec 2018.

        Use our unique Buyback Calculator, to calculate your final profit with leftout shares on current market price.

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

Posted on 2018-10-17T04:11:22+00:00


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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