Kanchi Karpooram Ltd Buyback

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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
    Buyback Offer Size (In %): 5.17%

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%

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

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
Garware Technical Fibres LimitedTender Offer72.99 Cr23002202.50 (-0.59%)11-12-2020TBDTBD
Jullundur Motor Agency (Delhi) LimitedTender OfferRs 26.82 Cr3634.35 (2.38%)24-12-2020TBDTBD
Engineers India LimitedTender Offer586.90 Cr8479.80 (0.00%)01-01-2021TBDTBD
Industrial & Prudential Investment Co. LtdTender OfferRs 8.34 Cr1,2001128.35 (2.03%)01-01-2021TBDTBD
Indian Toners and Developers LimitedTender Offer36.98 Cr160138.85 (-4.93%)15-01-2021TBDTBD
NIIT LimitedTender OfferRs 237 Cr240202.35 (-0.54%)TBDTBDTBD

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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?

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
Request call back from

Last Updated on 2020-12-24T01:05:09+00:00


Buyback FAQs

  1. 1. What is the record date for Kanchi Karpooram Ltd buyback offer?

    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.

     

     

  2. 2. How much I can make with Kanchi Karpooram Ltd buyback offer?

    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.

    Kanchi Karpooram Ltd Buyback Profit Calculation

    % Share AcceptedNo of Shared AcceptedGain from Buyback Offer
    33%158₹-2054
    50%239₹-3107
    75%358₹-4654
    100%478₹-6214

     

     

  3. 3. How to Participate in Kanchi Karpooram Ltd buyback offer?

    Steps to participate in Kanchi Karpooram Ltd buyback:

    1. On Record date (4th Dec 2020) you must have share of Kanchi Karpooram Ltd 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 Kanchi Karpooram Ltd 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 Kanchi Karpooram Ltd share for buyback?

    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.

     

     

  6. 6. When I will know how much shares accepted in Kanchi Karpooram Ltd 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 22nd Jan 2021.

     

     

  7. 7. When I need to tender Kanchi Karpooram Ltd share for buyback?

    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.

     

     

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  2020-11-25T10:23:37+00:00

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