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Incorporated in 1984, GeeCee Ventures Limited formerly known as Gwalior Chemical Industries Limited is a currently engaged in Manufacturing, Construction Financial Services and Trading. The group was started as manufacturing and marketing of specialty chemicals but now moved to Real estate, Wind Energy and Finance. Company is building residential Cum Commercial project in Ghansoli, Navi Mumbai. In Power Sector, the company has invested in Biomass & Wind Power Based Captive Power plant in Rajasthan. In Finance, Company is also offering a loan for various short to medium term investment avenues. The group have land bank in KARJAT and planning to develop in future projects.
May 22nd, 2019:GeeCee Ventures Limited (BSE:532764 | NSE:GEECEE) board has approved a proposal for purchase of up to 8.14 lakh(Eight Lakh and Fourteen Thousand) shares at Rs 135 (One Hundred and Thirty Five) per share, aggregating Rs 11 Cr(Eleven Crore) (Buyback Offer Size) that is 3.75% of total paid equity share capital.
Below is the complete details about GeeCee Ventures Limited Buyback. Record date, buyback open and close dates are announce in below section.
| Buyback Type: | Tender Offer |
| Buyback Offer Amount: | Rs 11 Cr |
| Buyback Number of Shares: | 8.14 lakh |
| Buyback Price: | Rs 135 |
| Buyback Offer Size (In %): | 3.75% |
| Total Share Capital: | Rs 255.83 Cr |
| Face Value: | 10 Per Equity Share |
Can I Invest today to participate in GeeCee Ventures Limited buyback offer? No
We rate "POOR" for GeeCee buyback as acceptance ratio for the retail investors are going to be between five to ten percent (5-10%). We tend to rate GeeCee buyback as 2.5/5 (Poor). Allow us to make a case for you why we predict this buyback isn't sensible for new retail investors-
Making a large profit isn't doable in GeeCee buyback for a new retail investor, An existing investor can exit in buyback and book profit.
In this section we have covered all important dates related to GeeCee Ventures Limited 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 May 2019 |
| Buyback Approval date | 22nd May 2019 |
| Public Announcement of Buyback | 22nd May 2019 |
| Record Date | 7th Jun 2019 |
| Buyback opens on/Buyback Opening Date | 26th Jun 2019 |
| Buyback closes on/Buyback Closing Date | 9th Jul 2019 |
| Cut-off date to receive completed tender forms by Registrar | 11th Jul 2019 |
| Cut-off date for verification by the Registrar | 17th Jul 2019 |
| Cut-off date to inform Stock Exchange on acceptance or non-acceptance
of tendered Equity Shares by Registrar |
17th Jul 2019 |
| Last date of settlement of bids on the stock exchange | 18th Jul 2019 |
| Last date to return unaccepted shares by Registrar | 18th Jul 2019 |
| Last date of extinguishment of Equity Shares | 25th Jul 2019 |
Stock Holding table gives a clear picture on retail investor holdings of GeeCee Ventures Limited 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 | 67.17% |
| Non-Promoter-Institutions | 0.02% |
| Non-Promoter-Non-Institutions | 32.29% |
GeeCee Ventures Limited Draft Letter of Offer >>Document
GeeCee Ventures Limited Letter of Offer >>Document
GeeCee Ventures Limited Post Buyback Public Announcement >>Document
| Category | Entitlement Ratio of Buyback Per Equity Shares | Entitlement Ratio of Buyback in % |
|---|---|---|
| Reserved Category | 5 Equity Share out of every 66 fully paid-up Equity Share held on the Record Date. | 7.57% |
| General Category | 1 Equity Share out of every 29 fully paid-up Equity Share held on the Record Date. | 3.44% |
Buyback Calculator - Check your Profit/Loss and Breakeven point for left out shares.
As per our recommendation, the company has proposed a buyback acceptance ratio for a retail investor is 7.57%, actual acceptance ratio will be maximum 15 to 20%.
For GeeCee Ventures Limited Buyback Offer, Report updated by the manager of buyback -
In general category - response received 2570.47%, No. of Equity Shares reserved in Buyback was 692592 where valid bid received for retail category was 17802872 which is 2570.47% oversubscribed.
In Reserved category for Small Shareholders (Retail) - response received only 228.96%, No. of Equity Shares reserved in Buyback was 122223 where valid bid received for retail category was 279845 which is 228.96%. Final Acceptance Ratio for Retail Investors was 7.57%.
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
GeeCee Ventures Limited 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 GeeCee Ventures Limited? How can I apply in GeeCee Ventures Limited Buyback offer?Last Updated on 2019-08-26T22:56:10+00:00
