Kanchi Karpooram Ltd Buyback is worth Rs 8.91 Cr. The size of the buyback is 2.20 lakhs shares which are 5.17% of the total equity. The buyback price is at Rs 405 per share which is equal and below the market price. So we don't see any benefit for retail customers to wait for buyback and tender their holding.
Below is the complete details about Kanchi Karpooram Ltd Buyback. Record date, buyback open and close dates are announce in below section.
| Buyback Type: | Tender Offer |
| Buyback Offer Amount: | Rs 8.91 Cr |
| Buyback Number of Shares: | 2.20 lakhs |
| Buyback Price: | Rs 405 |
| Buyback Offer Size (In %): | 5.17% |
| Total Share Capital: | Rs 179.38 Cr |
| Face Value: | 10 Per Equity Share |
| Buyback Offer Size (In %): | 5.17% |
Can I Invest today to participate in Kanchi Karpooram Ltd buyback offer? No
In this section we have covered all important dates related to Kanchi Karpooram 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.
| Buyback Activity | Date |
|---|---|
| Board Meeting for Buyback proposal | 19th Nov 2020 |
| Buyback Approval date | 19th Nov 2020 |
| Public Announcement of Buyback | 19th Nov 2020 |
| Record Date | 4th Dec 2020 |
| Buyback opens on/Buyback Opening Date | 31st Dec 2020 |
| Buyback closes on/Buyback Closing Date | 13th Jan 2021 |
| Cut-off date to receive completed tender forms by Registrar | 20th Jan 2021 |
| Cut-off date for verification by the Registrar | 20th Jan 2021 |
| Cut-off date to inform Stock Exchange on acceptance or non-acceptance of tendered Equity Shares by Registrar | 21st Jan 2021 |
| Last date of settlement of bids on the stock exchange | 22nd Jan 2021 |
| Last date to return unaccepted shares by Registrar | 22nd Jan 2021 |
| Last date of extinguishment of Equity Shares | 29th Jan 2021 |
Stock Holding table gives a clear picture on retail investor holdings of Kanchi Karpooram 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 | 0.0% |
| Promoter-Indian | 46.68% |
| Non-Promoter-Institutions | 0.05% |
| Non-Promoter-Non-Institutions | 53.27% |
Kanchi Karpooram Ltd Public Announcement >>Document
Kanchi Karpooram Ltd Draft Letter of Offer >>Document
Kanchi Karpooram Ltd 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 | 7 Equity Share out of every 74 fully paid-up Equity Share held on the Record Date. | 9.45% |
| General Category | 64 Equity Share out of every 677 fully paid-up Equity Share held on the Record Date. | 9.45% |
Buyback Calculator - Check your Profit/Loss and Breakeven point for left out shares.
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 |
|---|---|---|---|---|---|---|---|
| Garware Technical Fibres Limited | Tender Offer | 72.99 Cr | 2300 | 2202.50 (-0.59%) | 11-12-2020 | TBD | TBD | Jullundur Motor Agency (Delhi) Limited | Tender Offer | Rs 26.82 Cr | 36 | 34.35 (2.38%) | 24-12-2020 | TBD | TBD | Engineers India Limited | Tender Offer | 586.90 Cr | 84 | 79.80 (0.00%) | 01-01-2021 | TBD | TBD | Industrial & Prudential Investment Co. Ltd | Tender Offer | Rs 8.34 Cr | 1,200 | 1128.35 (2.03%) | 01-01-2021 | TBD | TBD | Indian Toners and Developers Limited | Tender Offer | 36.98 Cr | 160 | 138.85 (-4.93%) | 15-01-2021 | TBD | TBD | NIIT Limited | Tender Offer | Rs 237 Cr | 240 | 202.35 (-0.54%) | TBD | TBD | TBD |
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Detail Article on Benefit from buyback offer >> Read
Kanchi Karpooram 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 Kanchi Karpooram Ltd? How can I apply in Kanchi Karpooram Ltd Buyback offer?
Last Updated on 2020-12-24T01:05:09+00:00
The Record Date for Kanchi Karpooram Ltd Buyback offer is 4th Dec 2020
Which means you should hold the Kanchi Karpooram Ltd share in your demat account by closing session of 4th Dec 2020. Share purchased on and before (4th Dec 2020) - 2 business days will be available in your demat account by 4th Dec 2020.
Its all depend on acceptance ratio which usually announce with Letter of Offer. Lets assume if you have Kanchi Karpooram Ltd shares at ₹418 and buyback offer price is ₹405, you can get ₹-13 per accepted share. If you hold 478 shares of Kanchi Karpooram Ltd and if proportionate acceptance is between 33% and 50%, in such case you are eligible to sell your 158 to 239 shares with the gain from buyback of ₹-2054 to ₹-3107.
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 |
|---|---|---|
| 33% | 158 | ₹-2054 |
| 50% | 239 | ₹-3107 |
| 75% | 358 | ₹-4654 |
| 100% | 478 | ₹-6214 |
Steps to participate in Kanchi Karpooram Ltd 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 Kanchi Karpooram Ltd: 31st Dec 2020
Buyback closing date for Kanchi Karpooram Ltd: 13th Jan 2021
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 20th Jan 2021.
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 22nd Jan 2021.
Buyback opening date for Kanchi Karpooram Ltd: 31st Dec 2020
Buyback closing date for Kanchi Karpooram Ltd: 13th Jan 2021
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 20th Jan 2021.
