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".
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.
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
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).
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.
|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|
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 %|
Indiabulls Ventures Limited Draft Letter of Offer >>Document
Indiabulls Ventures Limited Letter of Offer >>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||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|
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.
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%.
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Detail Article on Benefit from buyback offer >> ReadIndiabulls 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?
Last Updated on 2020-02-07T00:06:57+00:00
The Record Date for Indiabulls Ventures Limited Buyback offer is 19th Dec 2019
Which means you should hold the Indiabulls Ventures Limited share in your demat account by closing session of 19th Dec 2019. Share purchased on and before (19th Dec 2019) - 2 business days will be available in your demat account by 19th Dec 2019.
Its all depend on acceptance ratio which usually announce with Letter of Offer. Lets assume if you have Indiabulls Ventures Limited shares at ₹100 and buyback offer price is ₹150, you can get ₹50 per accepted share. If you hold 2000 shares of Indiabulls Ventures Limited and if proportionate acceptance is between 33% and 50%, in such case you are eligible to sell your 660 to 1000 shares with the gain from buyback of ₹33000 to ₹50000.
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 Indiabulls Ventures 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 Indiabulls Ventures Limited: 15th Jan 2020
Buyback closing date for Indiabulls Ventures Limited: 28th Jan 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 1st Feb 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 4th Feb 2020.
Money will be directly deposited in your registered bank account with broker. Usually money will be deposited on and after 4th Feb 2020, which is last date of settlement of bids on the Stock Exchange.
In case of physical share holding, you will get a cheque.