Gokul Refoils and Solvent Limited Buyback 2020 Review

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Founded in the year 1992, Gokul Refoils and Solvent Ltd is one of the leading players of edible oils and industrial oil from the last three decades. The company is also engaged in the seed processing business, solvent extraction, refining of edible oils, and industrial oil. It has a manufacturing facility of edible oil and castor oil in Sidhpur, Gujarat. The headquarters are located in Ahmedabad, Gujarat.

Gokul Refoils and Solvent Ltd Buyback 2020 Latest Update

August 14th, 2020: Gokul Refoils and Solvent Ltd Ltd (BSE: 532980 | NSE: GOKUL) board has approved a proposal for the repurchase of up to 3.29 Cr (Three Crore Twenty Nine Lakh) shares at ₹12 (Twelve) per share, aggregating ₹39.48 Cr (Thirty-Nine Crore Forty-Eight Lakh) (Buyback Offer Size) that is 15.32% of total paid equity share capital.

Gokul Refoils and Solvent Limited Buyback Offer Details

      »»   Total Share Capital: 211.69 Crore
      »»   Face Value: 2 Per Equity Share
      »»   Buyback Offer Amount: Rs 39.48 Cr
      »»   Buyback Offer Size (In %): 15.32%
      »»   Buyback Number of Shares: 3.29 Cr
      »»   Buyback Price: Rs 12
      »»   Promoters and Promoter Group participation:Yes
      »»   Buyback type:Tender Offer
      »»   Can I Invest today to participate in Gokul Refoils and Solvent Limited buyback offer :No

Gokul Refoils and Solvent Limited Buyback Important Dates

In this section we have covered all important dates related to Gokul Refoils and Solvent 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.

    Gokul Refoils and Solvent Limited buyback offer important dates
    Buyback Activity Date
    Board Meeting for Buyback proposal 16th Jun 2020
    Buyback Approval date 16th Jun 2020
    Public Announcement of Buyback 29th Jul 2020
    Record Date 14th Aug 2020
    Buyback opens on/Buyback Opening Date 11th Sep 2020
    Buyback closes on/Buyback Closing Date 24th Sep 2020
    Cut-off date to receive completed tender forms by Registrar 26th Sep 2020
    Cut-off date for verification by the Registrar 26th Sep 2020
    Cut-off date to inform Stock Exchange on acceptance or non-acceptance
    of tendered Equity Shares by Registrar
    5th Oct 2020
    Last date of settlement of bids on the stock exchange 6th Oct 2020
    Last date to return unaccepted shares by Registrar 6th Oct 2020
    Last date of extinguishment of Equity Shares 13th Oct 2020

Gokul Refoils and Solvent Limited Share Holding Pattern as of June 2020

Stock Holding table will give you a clear picture, how many retail investor holding Gokul Refoils and Solvent Limited shares, with this you can plan for participate in buyback offer. The less number of retail holding make more chance to get higher acceptance ratio in buyback under ratail category = higher profit.

    Holding Type In %
    Promoter-Foreign 0.65%
    Promoter-Indian 73.41%
    Non-Promoter-Institutions 0.76%
    Non-Promoter-Non-Institutions 25.18%

Gokul Refoils and Solvent Limited Public Announcement >>Document

Gokul Refoils and Solvent Limited Draft Letter of Offer >>Document

Gokul Refoils and Solvent Limited Post Buyback Public Announcement >>Document

Gokul Refoils and Solvent Limited 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 16.05 per equity share - in such case Max 49,35,000 Equity Shares as of Record Date 14th Aug 2020.
    • General category for all Shareholders other than Small Shareholders ("General Category")

    Gokul Refoils and Solvent Limited Ratio of Buy Back

    Category Entitlement Ratio of Buyback Per Equity Shares Entitlement Ratio of Buyback in %
    Reserved Category 1 Equity share out of every 1 fully paid up Equity share held on the Record date 100%
    General Category 2,407 Equity shares out of every 10,000 fully paid up Equity shares held on the Record date 24.07

Buyback Calculator - Check your Profit/Loss and Breakeven point for left out shares.

Post buyback comments Gokul Refoils and Solvent Limited

    For Gokul Refoils and Solvent Limited Buyback Offer, Report updated by the manager of buyback -

    In general category - response received 131.78, No. of Equity Shares reserved in Buyback was 3,04,57,106 where valid bid received for retail category was 4,01,35,359 which is 131.78 oversubscribed.

    In Reserved category for Small Shareholders (Retail) - response received only 0.06%, No. of Equity Shares reserved in Buyback was 2442894 where valid bid received for retail category was 1503 which is 0.06%. Final Acceptance Ratio for Retail Investors was 100%.

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
James Warren Tea LtdTender OfferRs 19.836 Cr114108.70 (4.27%)18-09-2020TBDTBD
Cheviot Company LtdTender OfferRs 18 Cr900671.75 (1.68%)18-09-202022-10-202005-11-2020
Dhanuka Agritech LtdTender OfferRs 100 Cr1,000734.90 (2.64%)28-09-202020-10-202002-11-2020
RITES LtdTender OfferRs 257 Cr265239.60 (0.19%)30-09-2020TBDTBD
Magna Electro Castings LtdTender Offer7 Cr175147.40 (-0.03%)01-10-2020TBDTBD
TCSTender OfferRs 16000 Cr30002762.50 (0.87%)TBDTBDTBD
Wipro LtdTender OfferRs 9500 Cr400339.55 (-0.57%)TBDTBDTBD

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Detail Article on Benefit from buyback offer >> Read

Gokul Refoils and Solvent 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 Gokul Refoils and Solvent Limited? How can I apply in Gokul Refoils and Solvent Limited Buyback offer?

Company Contact Information

GOKUL REFOILS AND SOLVENT LIMITED
“Gokul House", 43,
Shreemali Co-op. Housing Society Ltd.,
Opp. Shikhar Building, Navrangpura,
Ahmedabad -380 009, Gujarat, India
Tel. No.: +91 79 66304555
E-mail: [email protected]
www.gokulgroup.com/

Registrar Contact Information

Cameo Corporate Services Limited
Subramanian Building, 1 Club House Road,
Chennai - 600 002, Tamil Nadu, India
Tel: +91 44 4002 0700 / 0710 / 2846 0390
E-mail: [email protected]
Contact Person: Ms.Sreepriya K
Request call back from

Last Updated on 2020-10-08T12:42:39+00:00


Buyback FAQs

  1. 1. What is the record date for Gokul Refoils and Solvent Limited buyback offer?

    The Record Date for Gokul Refoils and Solvent Limited Buyback offer is 14th Aug 2020

    Which means you should hold the Gokul Refoils and Solvent Limited share in your demat account by closing session of 14th Aug 2020. Share purchased on and before (14th Aug 2020) - 2 business days will be available in your demat account by 14th Aug 2020.

     

     

  2. 2. How much I can make with Gokul Refoils and Solvent Limited buyback offer?

    Its all depend on acceptance ratio which usually announce with Letter of Offer. Lets assume if you have Gokul Refoils and Solvent Limited shares at ₹15.85 and buyback offer price is ₹12, you can get ₹-3.8499999999999996 per accepted share. If you hold 12618 shares of Gokul Refoils and Solvent Limited and if proportionate acceptance is between 33% and 50%, in such case you are eligible to sell your 4164 to 6309 shares with the gain from buyback of ₹-16031 to ₹-24290.

    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.

    Gokul Refoils and Solvent Limited Buyback Profit Calculation

    % Share AcceptedNo of Shared AcceptedGain from Buyback Offer
    33%4164₹-16031
    50%6309₹-24290
    75%9464₹-36436
    100%12618₹-48579

     

     

  3. 3. How to Participate in Gokul Refoils and Solvent Limited buyback offer?

    Steps to participate in Gokul Refoils and Solvent Limited buyback:

    1. On Record date (14th Aug 2020) you must have share of Gokul Refoils and Solvent Limited 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.

     

     

  4. 4. How many Gokul Refoils and Solvent Limited 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.

     

     

  5. 5. When I need to tender Gokul Refoils and Solvent Limited share for buyback?

    Buyback opening date for Gokul Refoils and Solvent Limited: 11th Sep 2020

    Buyback closing date for Gokul Refoils and Solvent Limited: 24th Sep 2020

    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 26th Sep 2020.

     

     

  6. 6. When I will know how much shares accepted in Gokul Refoils and Solvent Limited 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 6th Oct 2020.

     

     

  7. 7. How and when will I get money for accepted shares of Gokul Refoils and Solvent Limited buyback?

    Money will be directly deposited in your registered bank account with broker. Usually money will be deposited on and after 6th Oct 2020, which is last date of settlement of bids on the Stock Exchange.

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

     

     

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  2020-09-08T01:39:26+00:00

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