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Indiabulls Ventures Limited Buyback 2019 Review

Rated 2/5 by Team InvestorGain

About Indiabulls Ventures Limited

Incorporated in 1995, Indiabulls Ventures Ltd is India's leading capital market company providing securities and derivatives broking services. The company is a registered broker with SEBI, DP, a Research Analyst, and Merchant Banker. The comany also offers commodity trading with its subsidiary "Indiabulls Commodities Limited". Indiabulls Commodities Limited is a member of MCX and NCDEX. Other subsidiaries of Indiabulls Ventures Ltd are "Indiabulls Consumer Finance Limited (IBCFL)", "Indiabulls Asset Reconstruction Co. Ltd", "Indiabulls Investment Advisors Ltd".

Indiabulls Ventures Buyback 2019 Latest Update

Oct 11th, 2019:Indiabulls Ventures Limited (BSE:532960 | NSE:IBVENTURES) board has approved a proposal for purchase of up to 6.66 Cr(Six Crore and Sixty six Lakhs) shares at Rs 150 (One hundred fifty) per share, aggregating Rs 1000 Cr(One Thousand crore) (Buyback Offer Size) that is 12.61% of total paid equity share capital.

What is Indiabulls Ventures Limited Buyback details?

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

Buyback Type: Tender Offer
Buyback Offer Amount: Rs 1000 Cr
Buyback Number of Shares: 6.66 Cr
Buyback Price: Rs 150
Buyback Offer Size (In %): 12.61%
Total Share Capital: Rs 6,364.96 Cr
Face Value: 2 Per Equity Share

Can I Invest today to participate in Indiabulls Ventures Limited buyback offer? No

Review & Recommendation

We advocate honest for Indiabulls Ventures buyback as official acceptance ratio for the retail investors are going to be between 5 to 10% and actual acceptance ration is going to be 5% to 10%. We tend to rate Indiabulls Ventures buyback as 2.0/5 (Poor).

Making a resonable amount of profit is not possible in Indiabulls Ventures buyback for a new retail investor. With referance to current market price buyback price is up by 33.33% (Approx).

Rating

  • Poor (<10% AR)
  • Fair(Bw 11 to 30% AR)
  • Average (Bw 30 to 60% AR)
  • Good (Bw 60 to 90% AR)
  • Excellent (>90% AR)

What are Indiabulls Ventures Limited Buyback Important Dates?

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

Indiabulls Ventures Limited buyback offer important dates
Buyback Activity Date
Board Meeting for Buyback proposal 11th Oct 2019
Buyback Approval date 11th Oct 2019
Public Announcement of Buyback 11th Oct 2019
Record Date 19th Dec 2019
Buyback opens on/Buyback Opening Date 15th Jan 2020
Buyback closes on/Buyback Closing Date 28th Jan 2020
Cut-off date to receive completed tender forms by Registrar 1st Feb 2020
Cut-off date for verification by the Registrar 1st Feb 2020
Cut-off date to inform Stock Exchange on acceptance or non-acceptance
of tendered Equity Shares by Registrar
3rd Feb 2020
Last date of settlement of bids on the stock exchange 4th Feb 2020
Last date to return unaccepted shares by Registrar 4th Feb 2020
Last date of extinguishment of Equity Shares 10th Feb 2020

Indiabulls Ventures Limited Share Holding Pattern as of June 2019

Stock Holding table gives a clear picture on retail investor holdings of Indiabulls 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 36.57%
Non-Promoter-Institutions 25.91%
Non-Promoter-Non-Institutions 37.52%

Indiabulls Ventures Limited Draft Letter of Offer >>Document

Indiabulls Ventures Limited Letter of Offer >>Document

Indiabulls Ventures 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 168.50 per equity share - in such case Max 1184 Equity Shares as of Record Date 19th Dec 2019.
  • General category for all Shareholders other than Small Shareholders ("General Category")

Indiabulls Ventures Limited Ratio of Buy Back

Category Entitlement Ratio of Buyback Per Equity Shares Entitlement Ratio of Buyback in %
Reserved Category 11 Equity Share out of every 12 fully paid-up Equity Share held on the Record Date. 91.67
General Category 7 Equity Share out of every 64 fully paid-up Equity Share held on the Record Date. 10.94

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

The current Market price is 177, where the buyback price is 150. So we don't see any advantage Tender your shares under buyback. Retail Investors are going to avoid this buyback.

Post buyback comments Indiabulls Ventures Limited

For Indiabulls Ventures Limited Buyback Offer, Report updated by the manager of buyback -

In general category - response received 120.87%, No. of Equity Shares reserved in Buyback was 56666666 where valid bid received for retail category was 68493836 which is 120.87% oversubscribed.

In Reserved category for Small Shareholders (Retail) - response received only 0.02%, No. of Equity Shares reserved in Buyback was 10000000 where valid bid received for retail category was 2484 which is 0.02%. 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
Tanla Platforms LtdTender OfferRs 170 Cr1200844.55 (-1.33%)25-10-2022TBDTBD
Garware Technical Fibres LtdTender OfferRs 90 Cr37504-11-2022TBDTBD
Orbit Exports LimitedTender OfferRs 10 Cr245151.90 (-0.07%)18-11-2022TBDTBD
KRBL LimitedTender Offer₹325.00Cr500289.75 (0.77%)25-08-2023TBDTBD
Shervani Industrial Syndicate LimitedTender Offer₹6.83Cr510543.60 (1.91%)07-03-202414-03-202420-03-2024
Dwarikesh Sugar Industries LimitedTender Offer₹31.50Cr10580.37 (0.19%)20-03-2024TBDTBD
Garware Technical Fibres LimitedTender Offer₹199.50Cr38003201.80 (-1.15%)26-03-2024TBDTBD

Detail Article on Benefit from buyback offer >> Read

Indiabulls 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 Indiabulls Ventures Limited? How can I apply in Indiabulls Ventures Limited Buyback offer?

Company Contact Information

Registrar Contact Information

Last Updated on 2020-02-07T00:06:57+00:00

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