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HEG Ltd Buyback Nov 2018

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Incorporated in 1972-73, HEG Ltd is part of LNJ Bhilwara Group which was estiblished in 1960. The Company is leading graphite electrode manufacturer and expots more then 80% of its production (Graphite Electrodes) to international markets. The HEG Ltd also established a Power Plant of 77 MW capacity to cater its in-house demand for electricity, which is one of the major inputs in manufacturing Graphite Electrodes. The Graphite Electrode plant of the company is situated at Mandideep near Bhopal in the State of Madhya Pradesh, India.

What is the HEG Ltd share buyback offer?

Nov 26, 2018: HEG Ltd (BSE:509631 | NSE:HEG) board has approved a proposal for buyback of up to 13.6 lakhs shares at Rs 1000 per share, aggregating Rs 5500 Cr (Buyback Offer Size) which is 3.41% of total paid-up equity share.

What is HEG Ltd Buyback details?

Below is the complete details about HEG Ltd Buyback. Record date, buyback open and close dates are announce in below section.

Buyback Type: Tender Offer
Buyback Offer Amount: Rs 750 Cr
Buyback Number of Shares: 13.6 Lakhs
Buyback Price: Rs 5500
Buyback Offer Size (In %): 3.41%
Total Share Capital: Rs 17,362.25 Cr
Face Value: 10 Per Equity Share

Can I Invest today to participate in HEG Ltd buyback offer? No

What are HEG Ltd Buyback Important Dates?

In this section we have covered all important dates related to HEG 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.

HEG Ltd buyback offer important dates
Buyback Activity Date
Board Meeting for Buyback proposal 26th Nov 2018
Buyback Approval date 26th Nov 2018
Public Announcement of Buyback 26th Nov 2018
Record Date 9th Feb 2019
Buyback opens on/Buyback Opening Date 8th Mar 2019
Buyback closes on/Buyback Closing Date 22nd Mar 2019
Cut-off date to receive completed tender forms by Registrar 24th Mar 2019
Cut-off date for verification by the Registrar 1st Apr 2019
Cut-off date to inform Stock Exchange on acceptance or non-acceptance
of tendered Equity Shares by Registrar
1st Apr 2019
Last date of settlement of bids on the stock exchange 2nd Apr 2019
Last date to return unaccepted shares by Registrar 2nd Apr 2019
Last date of extinguishment of Equity Shares 9th Apr 2019

HEG Ltd Share Holding Pattern as of June 2018

Stock Holding table gives a clear picture on retail investor holdings of HEG 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 29.58%
Promoter-Indian 28.21%
Non-Promoter-Institutions 19.14%
Non-Promoter-Non-Institutions 19.38%

HEG Ltd Public Announcement >>Document

HEG Ltd Draft Letter of Offer >>Document

HEG Ltd Letter of Offer >>Document

HEG Ltd Post Buyback Public Announcement >>Document

HEG Ltd 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 2375.10 per equity share - in such case Max 84 Equity Shares as of Record Date 9th Feb 2019.
  • General category for all Shareholders other than Small Shareholders ("General Category")

HEG Ltd 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 10 fully paid-up Equity Share held on the Record Date. 10%
General Category 7 Equity Share out of every 229 fully paid-up Equity Share held on the Record Date. 10%

Post buyback comments HEG Ltd

For HEG Ltd Buyback Offer, Report updated by the manager of buyback -

In general category - response received 1605%, No. of Equity Shares reserved in Buyback was 1159090 where valid bid received for retail category was 18607252 which is 1605% oversubscribed.

In Reserved category for Small Shareholders (Retail) - response received only 580%, No. of Equity Shares reserved in Buyback was 204546 where valid bid received for retail category was 1186327 which is 580%. Final Acceptance Ratio for Retail Investors was 3.06%.

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
Tanla Platforms LtdTender OfferRs 170 Cr1200819.00 (0.44%)25-10-2022TBDTBD
Garware Technical Fibres LtdTender OfferRs 90 Cr37504-11-2022TBDTBD
Orbit Exports LimitedTender OfferRs 10 Cr245140.55 (0.14%)18-11-2022TBDTBD
KRBL LimitedTender Offer₹325.00Cr500277.50 (-1.65%)25-08-2023TBDTBD
Dwarikesh Sugar Industries LimitedTender Offer₹31.50Cr10569.50 (-5.61%)20-03-202427-03-202403-04-2024
Garware Technical Fibres LimitedTender Offer₹199.50Cr38003323.25 (2.01%)26-03-202401-04-202405-04-2024
Freshtrop Fruits LimitedTender Offer₹33.69Cr175165.15 (0.76%)02-04-2024TBDTBD

Detail Article on Benefit from buyback offer >> Read

HEG 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 HEG Ltd? How can I apply in HEG Ltd Buyback offer?

Company Contact Information

HEG Ltd
Mandideep (Near Bhopal),
Raisen District
Madhya Pradesh-462046
Website: http://www.hegltd.com
Group: Bhilwara Group

Registrar Contact Information

Link Intime India Private Limited
C-101, 247 Park, L.B.S. Marg
Vikhroli (West)
Mumbai 400 083, Maharashtra, India
Contact Person: Mr. Sumeet Deshpande
E-mail: [email protected]
Website: www.linkintime.co.in

Last Updated on 2019-04-05T04:10:53+00:00

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User Reviews

14. SAHIL SHARMA Feb 12 2019 03:24:13 PM Reply
Hello Sir,
Is there any update regarding heg buyback
14.1. V S Laxman Feb 12 2019 09:32:07 PM
To announce buyback start and end date will take approx 1 month, so just hold for 1 month.
14.2. Ramesh Pal Aug 22 2020 04:57:02 PM
Hi sir,
HEG ko Rs.4500 me kharida tha abhi uska price 800 hai to kya muze kuch fayada mil sakata hai kya please suggest me koi options hai kya mai abhi bahut hi loss me hu please suggest.
13. Vijay Jain Feb 28 2019 01:47:27 PM Reply
HEG buyback date announced on 27th Feb 2019 - Buyback Open date 08 March 2019 and Buyback Close Date 22 March 2019.
12. Deepak Kumar manuja Feb 19 2019 07:59:07 PM Reply
Holding 300 shares HEG on 09/02/2019,what will be offer of buy back for me .
12.1. Vijay Jain Feb 20 2019 11:52:14 AM
300 shares will come under the general category and the acceptance ratio will be very small. Once the company has not yet announce the acceptance ratio. So you need to wait for final numbers.
11. Amol Feb 19 2019 10:12:44 PM Reply
i have 20 shares on the record date of 9th Feb. now if i purchase another 10 shares; can i offer all 30 shares in buyback ? or i can offer a max of 20 shares only which were in my account on record date ?
thanks in advance
11.1. Vijay Jain Feb 20 2019 11:49:54 AM
The number of shares held on the record date will only consider for the buyback, so better you offer only 20 shares. Offering more does not harm, but acceptance will be from 20 shares only. In such case, you will block your 10 shares.
10. Vipul Feb 11 2019 11:10:51 PM Reply
If a shareholder has 1 equity share of heg limited can he participate in the buyback?
10.1. Kunal Feb 12 2019 09:31:14 PM
Yes, you can tender your share, you will be going to get the tender form in your registered email or physical address.
10.2. Vipul Feb 13 2019 09:18:09 PM
Will that 1 equity share of heg limited accepted in the buyback as the buyback ratio would be less
10.3. admin Feb 14 2019 06:12:17 PM
Probability is very high that 1 share tender will be accepted, but that''s all depend on once the company proposes offer letter. So just wait and watch. If you have only one share, there is no harm to tender that share.
9. R Sridhara Feb 12 2019 08:06:57 PM Reply
Is MCS registrar for HEG limited are having a branch office in Bangalore . If so can you provide us detailed of address and contact number
9.1. Vijay Jain Feb 12 2019 09:35:08 PM
Registrar for HEG Buyback is Link Intime India Private Limited
Contact Person: Mr. Sumeet Deshpande
E-mail: Email
8. Anji Feb 06 2019 12:39:08 PM Reply
Hi Sir,

I have 27 shares in my demat account. I would like to participate in buyback.

Could you please suggest me how to sell my shares. I mean do I will get any confirmation mail /link from HEG to sell or I have to login my demat account and sell on that day?

Regards,
Anji
8.1. Vijay Jain Feb 06 2019 06:45:50 PM
Hello Anji,

You are going to get email from the registrar, once buyback start and end date will announce, you can contact your broker in that window, to tender your share. If your broker provides an online buyback submission process, then you can tender your share online or via phone call, else you need to submit the physical tender form to your broker.

Do let me know if you need more details.

Regards
Vijay Jain
7. Ahmar hussain Feb 05 2019 08:30:13 AM Reply
I have 225 share in HEG
100 share i buy@4188. I buy this share in November
75 share I buy @ 2303 I buy this Share in jan
50 share I buy @ 2500 I buy this share in feb

How many share company will take in buy back plz tell me
7.1. Vijay Jain Feb 05 2019 03:09:13 PM
Sir, you are holding more than 70 shares, so you will come under the general category and acceptance ration for general category will be between 1 to 5%.
6. Mark Feb 01 2019 06:38:02 PM Reply
While calculating the retail segment, will the value of shares be calculated at Rs. 5500/- or will it be valued at the closing price on 9th Feb 2018
5. santosh Jan 30 2019 08:41:31 PM Reply
i am holiding 70 shares @ 4000, will i eligble under retail category. what i will need to do come under retail category.
5.1. Vijay Jain Jan 31 2019 10:23:21 AM
You need to take the average price on 6th Feb and make sure your holdings are below 2L. if the price on 6th Feb reaches to 3000 then you need to sell 5 shares, so do your calculation and plan accordingly. Always to be on safer side, hold 1 or 2 shares less from 2 Lakhs worth on record date value.