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
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.
Below is the complete details about Gokul Refoils and Solvent Limited Buyback. Record date, buyback open and close dates are announce in below section.
| Buyback Type: | Tender Offer |
| Buyback Offer Amount: | Rs 39.48 Cr |
| Buyback Number of Shares: | 3.29 Cr |
| Buyback Price: | Rs 12 |
| Buyback Offer Size (In %): | 15.32% |
| Total Share Capital: | 211.69 Crore |
| Face Value: | 2 Per Equity Share |
Can I Invest today to participate in Gokul Refoils and Solvent Limited buyback offer? No
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.
| 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 |
Stock Holding table gives a clear picture on retail investor holdings of Gokul Refoils and Solvent 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 | 0.65% |
| 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
| 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 |
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%.
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
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?Last Updated on 2020-10-08T12:42:39+00:00
