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Kanchi Karpooram Ltd Buyback

Rated 2/5 by Team InvestorGain

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.

What is Kanchi Karpooram Ltd Buyback details?

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

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

What are Kanchi Karpooram Ltd Buyback Important Dates?

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.

Kanchi Karpooram Ltd buyback offer important dates
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

Kanchi Karpooram Ltd Share Holding Pattern as of Sep 2020

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

Kanchi Karpooram 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 438.70 per equity share - in such case Max Equity Shares as of Record Date 4th Dec 2020.
  • General category for all Shareholders other than Small Shareholders ("General Category")

Kanchi Karpooram Ltd Ratio of Buy Back

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%

Post buyback comments Kanchi Karpooram Ltd

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

In general category - response received 11.39, No. of Equity Shares reserved in Buyback was 1,79,748 where valid bid received for retail category was 135 which is 11.39 oversubscribed.

In Reserved category for Small Shareholders (Retail) - response received only 0.13%, No. of Equity Shares reserved in Buyback was 40,252 where valid bid received for retail category was 5 which is 0.13%. 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 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

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?

Company Contact Information

Enadur Village Parandur Road
Karaipettai Post
Kanchipuram T.K.
Tamil Nadu- 631552

Registrar Contact Information

Cameo Corporate Services Ltd.
CityChennai (Madras) 600002
Tamil Nadu
Email:[email protected]
http://www.cameoindia.com

Last Updated on 2021-01-25T21:43:22+00:00

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