Indiabulls Ventures Limited Buyback 2019 Review

Broker Articles   Buyback Dates   Compare Top Stock Brokers in India  
Rated 2/5 by Team TopShareBrokers

Save Brokerage Upto 60%

Name 

 Phone 
Email   State 
City    NRI Form ⇒

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%.

Guaranteed Save 60% to 90% Brokerage + Taxes

Do you know you could reduce the brokerage cost significantly by moving to another stock broker? Our expert team compare top share brokers in India to help investors like you. STOP paying Demat AMC, brokerage in %, PCM fee and high stamp duty today.

We can help you choose the right broker. Contact us today...

@
  NRI Form ⇒

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

Request call back from

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


Buyback FAQs

  1. 1. What is the record date for Indiabulls Ventures Limited buyback offer?

    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.

     

     

  2. 2. How much I can make with Indiabulls Ventures Limited buyback offer?

    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.

    Indiabulls Ventures Limited Buyback Profit Calculation

    % Share AcceptedNo of Shared AcceptedGain from Buyback Offer
    33%660₹33000
    50%1000₹50000
    75%1500₹75000
    100%2000₹100000

     

     

  3. 3. How to Participate in Indiabulls Ventures Limited buyback offer?

    Steps to participate in Indiabulls Ventures Limited buyback:

    1. On Record date (19th Dec 2019) you must have share of Indiabulls Ventures Limited in your demat account/physical form. Depositing of share in your DP account usually take T+2 days, so you need to plan your buying accordingly.
    2. After that company announces buyback open and close window, so you need to tender your share in buyback process. You can do this online or contact your broker to tender your share in buyback, so he can place a request on your behalf.
    3. Next step is with registrar - depend on buyback acceptance ratio, your shares will be sold in buyback process and fund will directly debited in your bank account. Any rejected share will be revert in your demat account which you can sell in open market or hold for long term gain.

     

     

  4. 4. How many Indiabulls Ventures Limited share are eligible for 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.

     

     

  5. 5. When I need to tender Indiabulls Ventures Limited share for buyback?

    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.

     

     

  6. 6. When I will know how much shares accepted in Indiabulls Ventures Limited buyback offer?

    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.

     

     

  7. 7. How and when will I get money for accepted shares of Indiabulls Ventures Limited buyback?

    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.

     

     


User Comments

avatar
  2019-10-12T00:28:29+00:00






Translate topsharebrokers.com: