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.
»» 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
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.
|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 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 %|
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
For Buy back shares holders are divided in 2 categories:
|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|
|James Warren Tea Ltd||Tender Offer||Rs 19.836 Cr||114||108.70 (4.27%)||18-09-2020||TBD||TBD||Cheviot Company Ltd||Tender Offer||Rs 18 Cr||900||671.75 (1.68%)||18-09-2020||22-10-2020||05-11-2020||Dhanuka Agritech Ltd||Tender Offer||Rs 100 Cr||1,000||734.90 (2.64%)||28-09-2020||20-10-2020||02-11-2020||RITES Ltd||Tender Offer||Rs 257 Cr||265||239.60 (0.19%)||30-09-2020||TBD||TBD||Magna Electro Castings Ltd||Tender Offer||7 Cr||175||147.40 (-0.03%)||01-10-2020||TBD||TBD||TCS||Tender Offer||Rs 16000 Cr||3000||2762.50 (0.87%)||TBD||TBD||TBD||Wipro Ltd||Tender Offer||Rs 9500 Cr||400||339.55 (-0.57%)||TBD||TBD||TBD|
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Detail Article on Benefit from buyback offer >> ReadGokul 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
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.
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.
|% Share Accepted||No of Shared Accepted||Gain from Buyback Offer|
Steps to participate in Gokul Refoils and Solvent Limited 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.
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.
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.
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.