Ad www.AngelOne.in
FREE Account Opening + Zero AMC Fees* + MutualFund SIP1
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
Ad www.AngelOne.in
May 26,2018 - DB Corp Ltd Board has approved a proposal for buyback of up to 92 lakh equity shares at Rs 340 per share, aggregating Rs 312.8 Cr which is approx 5% of the total paid-up equity share capital of the company.
Below is the complete details about DB Corp Ltd Buyback. Record date, buyback open and close dates are announce in below section.
| Buyback Type: | Tender Offer |
| Buyback Offer Amount: | Rs 312.8 Cr |
| Buyback Number of Shares: | 92 lakh |
| Buyback Price: | Rs 340 |
| Buyback Offer Size (In %): | 5% |
| Total Share Capital: | 4885.27 Cr |
| Face Value: | 10 Per Equity Share |
Can I Invest today to participate in DB Corp Ltd buyback offer? No
In this section we have covered all important dates related to DB Corp 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 | 26th May 2018 |
| Buyback Approval date | 26th May 2018 |
| Public Announcement of Buyback | 26th May 2018 |
| Record Date | 18th Jul 2018 |
| Buyback opens on/Buyback Opening Date | 7th Aug 2018 |
| Buyback closes on/Buyback Closing Date | 23rd Aug 2018 |
| Cut-off date to receive completed tender forms by Registrar | |
| Cut-off date for verification by the Registrar | 27th Aug 2018 |
| Cut-off date to inform Stock Exchange on acceptance or non-acceptance
of tendered Equity Shares by Registrar |
31st Aug 2018 |
| Last date of settlement of bids on the stock exchange | 3rd Sep 2018 |
| Last date to return unaccepted shares by Registrar | 3rd Sep 2018 |
| Last date of extinguishment of Equity Shares | 10th Sep 2018 |
Stock Holding table gives a clear picture on retail investor holdings of DB Corp 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 | 69.84% |
| Non-Promoter-Institutions | 22.77% |
| Non-Promoter-Non-Institutions | 7.39 |
| Category | Entitlement Ratio of Buyback Per Equity Shares | Entitlement Ratio of Buyback in % |
|---|---|---|
| Reserved Category | 57 Equity Share out of every 194 fully paid-up Equity Share held on the Record Date. | 29.38 |
| General Category | 19 Equity Share out of every 428 fully paid-up Equity Share held on the Record Date. | 4.44% |
For DB Corp Ltd Buyback Offer, Report updated by the manager of buyback -
In general category - response received 340.42%, No. of Equity Shares reserved in Buyback was 7820000 where valid bid received for retail category was 26620719 which is 340.42% oversubscribed.
In Reserved category for Small Shareholders (Retail) - response received only 206.20%, No. of Equity Shares reserved in Buyback was 1380000 where valid bid received for retail category was 2845577 which is 206.20%. Final Acceptance Ratio for Retail Investors was 47%.
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 | 933.35 (0.18%) | 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 | 162.50 (-1.34%) | 18-11-2022 | TBD | TBD | KRBL Limited | Tender Offer | ₹325.00Cr | 500 | 289.85 (-0.38%) | 25-08-2023 | TBD | TBD | Tips Industries Limited | Tender Offer | ₹37.19Cr | 625 | 464.70 (1.10%) | 22-04-2024 | TBD | TBD |
Detail Article on Benefit from buyback offer >> Read
DB Corp 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 DB Corp Ltd? How can I apply in DB Corp Ltd Buyback offer?Last Updated on 2018-10-25T05:12:33+00:00
