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Incorporated in 1995. Coral India Finance and Housing Ltd, a subsidiary of Coral Group is a housing development company in India. The business has 2 key segments including finance and construction. The primary objective of the company is to provide all kind of financial services i.e. providing funds, bill discounting, financial consultancy, investment advice, project counselling etc. and construction work i.e. land and property development, real estate development etc.
The key business activities of the company includes financing, construction, development and property maintenance services. The company is engaged in various construction and development projects including but not restricted to commercial complexes, residential buildings, and others. The firm has a team of specialists who are expert in their respective field such as designing, engineering, structural work, landscaping etc. Currently, there are many ongoing projects such as Coral Gardens, Coral Heights etc.
As on 31st March 2019, the company’s total revenues and profit were reported at Rs. 145,468,158 and Rs. 82,181,808 respectively.
Feb 14th, 2020:Coral India Finance And Housing Ltd (BSE:531556 | NSE:CORALFINAC ) board has approved a proposal for purchase of up to 1.24 Cr shares at Rs 17 per share, aggregating Rs 21.08 Cr (Buyback Offer Size) that is 24.86% of total paid equity share capital.
Below is the complete details about Coral India Finance And Housing Ltd Buyback. Record date, buyback open and close dates are announce in below section.
| Buyback Type: | Tender Offer |
| Buyback Offer Amount: | Rs 21.08 Cr |
| Buyback Number of Shares: | 1.24 Cr |
| Buyback Price: | Rs 17 |
| Buyback Offer Size (In %): | 24.86% |
| Total Share Capital: | Rs 69.1 Cr |
| Face Value: | 2 Per Equity Share |
Can I Invest today to participate in Coral India Finance And Housing Ltd buyback offer? No
We advocate honest for Coral India Finance And Housing Ltd buyback as official acceptance ratio for the retail investors are going to be between 15 to 20% (Fifteen to Twenty percent) and actual acceptance ration is going to be same as actual. We tend to rate Coral India Finance And Housing Ltd buyback as 2.5/5 (fair).
Making a resonable amount of profit is not possible in Coral India Finance And Housing Ltd buyback for a new retail investor. With referance to current market price buyback price is up by 20% (Approx).
In this section we have covered all important dates related to Coral India Finance And Housing 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 | 14th Feb 2020 |
| Buyback Approval date | 14th Feb 2020 |
| Public Announcement of Buyback | 14th Feb 2020 |
| Record Date | 17th Apr 2020 |
| Buyback opens on/Buyback Opening Date | 1st Jun 2020 |
| Buyback closes on/Buyback Closing Date | 12th Jun 2020 |
| Cut-off date to receive completed tender forms by Registrar | 16th Jun 2020 |
| Cut-off date for verification by the Registrar | 22nd Jun 2020 |
| Cut-off date to inform Stock Exchange on acceptance or non-acceptance
of tendered Equity Shares by Registrar |
22nd Jun 2020 |
| Last date of settlement of bids on the stock exchange | 23rd Jun 2020 |
| Last date to return unaccepted shares by Registrar | 23rd Jun 2020 |
| Last date of extinguishment of Equity Shares | 30th Jun 2020 |
Stock Holding table gives a clear picture on retail investor holdings of Coral India Finance And Housing 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 | 74.37% |
| Non-Promoter-Institutions | 1.47% |
| Non-Promoter-Non-Institutions | 24.16% |
Coral India Finance And Housing Ltd Public Announcement >>Document
Coral India Finance And Housing Ltd Draft Letter of Offer >>Document
Coral India Finance And Housing Ltd Letter of Offer >>Document
Coral India Finance And Housing Ltd Post Buyback Public Announcement >>Document
| Category | Entitlement Ratio of Buyback Per Equity Shares | Entitlement Ratio of Buyback in % |
|---|---|---|
| Reserved Category | 3 Equity Shares out of every 10 Equity Shares held on the Record Date | 29.92 |
| General Category | 7 Equity Shares out of every 29 Equity Shares held on the Record Date | 24.14 |
For Coral India Finance And Housing Ltd Buyback Offer, Report updated by the manager of buyback -
In general category - response received 81.72%, No. of Equity Shares reserved in Buyback was 1,05,40,000 where valid bid received for retail category was 86,13,415 which is 81.72% oversubscribed.
In Reserved category for Small Shareholders (Retail) - response received only 51.79%, No. of Equity Shares reserved in Buyback was 18,60,000 where valid bid received for retail category was 9,63,360 which is 51.79%. Final Acceptance Ratio for Retail Investors was 100%.
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 | 985.20 (6.44%) | 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 | 169.05 (2.45%) | 18-11-2022 | TBD | TBD | KRBL Limited | Tender Offer | ₹325.00Cr | 500 | 296.25 (-0.60%) | 25-08-2023 | TBD | TBD | Tips Industries Limited | Tender Offer | ₹37.19Cr | 625 | 462.10 (0.35%) | 22-04-2024 | TBD | TBD |
Detail Article on Benefit from buyback offer >> Read
Coral India Finance And Housing 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 Coral India Finance And Housing Ltd? How can I apply in Coral India Finance And Housing Ltd Buyback offer?Last Updated on 2020-07-10T23:33:57+00:00
