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Sep 24th, 2019:Kaveri Seed Company Ltd (BSE:532899 | NSE:KSCL) board has approved a proposal for purchase of up to 28 lakh(Twenty Eight lakhs) shares at Rs 700 (Seven hundred) per share, aggregating Rs 196 Cr(One Hundred Ninety Six Crores) (Buyback Offer Size) that is 4.44% of total paid equity share capital.
In 2018 also Kaveri Seed launched buyback via Tender Offer for Rs 200 Cr of 23.69 lakh shares @695. The current buyback is bigger in number of shares and price is also up from previouse buyback. For retail investors last time acceptance ratio was approx 62%.
Below is the complete details about Kaveri Seed Company Ltd Buyback. Record date, buyback open and close dates are announce in below section.
| Buyback Type: | Tender Offer |
| Buyback Offer Amount: | Rs 196 Cr |
| Buyback Number of Shares: | 28 lakhs |
| Buyback Price: | Rs 700 |
| Buyback Offer Size (In %): | 4.44% |
| Total Share Capital: | Rs 3332.59 Cr |
| Face Value: | 2 Per Equity Share |
Can I Invest today to participate in Kaveri Seed Company Ltd buyback offer? No
We advocate honest for Kaveri Seed buyback as official acceptance ratio for the retail investors are going to be between 10 to 15% (Ten to Fifteen percent) and actual acceptance ration is going to be thirty to sixty percent (30% to 60%). We tend to rate Kaveri Seed buyback as 3.5/5 (Average).
Making a resonable amount of profit is possible in Kaveri Seed buyback for a new retail investor. With referance to current market price buyback price is up by 22% (Approx).
In this section we have covered all important dates related to Kaveri Seed Company 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 | 24th Sep 2019 |
| Buyback Approval date | 24th Sep 2019 |
| Public Announcement of Buyback | 24th Sep 2019 |
| Record Date | 22nd Nov 2019 |
| Buyback opens on/Buyback Opening Date | 31st Dec 2019 |
| Buyback closes on/Buyback Closing Date | 13th Jan 2020 |
| Cut-off date to receive completed tender forms by Registrar | 15th Jan 2020 |
| Cut-off date for verification by the Registrar | 17th Jan 2020 |
| Cut-off date to inform Stock Exchange on acceptance or non-acceptance
of tendered Equity Shares by Registrar |
20th Jan 2020 |
| Last date of settlement of bids on the stock exchange | 21st Jan 2020 |
| Last date to return unaccepted shares by Registrar | 21st Jan 2020 |
| Last date of extinguishment of Equity Shares | 28th Jan 2020 |
Stock Holding table gives a clear picture on retail investor holdings of Kaveri Seed Company 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 | 55.09% |
| Non-Promoter-Institutions | 29.65% |
| Non-Promoter-Non-Institutions | 15.25% |
Kaveri Seed Company Ltd Draft Letter of Offer >>Document
Kaveri Seed Company Ltd Letter of Offer >>Document
| Category | Entitlement Ratio of Buyback Per Equity Shares | Entitlement Ratio of Buyback in % |
|---|---|---|
| Reserved Category | 16 Equity Share out of every 83 fully paid-up Equity Share held on the Record Date. | 19.28 |
| General Category | 23 Equity Share out of every 589 fully paid-up Equity Share held on the Record Date. | 3.90 |
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 |
|---|---|---|---|---|---|---|---|
| Tanla Platforms Ltd | Tender Offer | Rs 170 Cr | 1200 | 922.30 (-1.18%) | 25-10-2022 | TBD | TBD | Garware Technical Fibres Ltd | Tender Offer | Rs 90 Cr | 3750 | 4-11-2022 | TBD | TBD | Orbit Exports Limited | Tender Offer | Rs 10 Cr | 245 | 165.00 (1.54%) | 18-11-2022 | TBD | TBD | KRBL Limited | Tender Offer | ₹325.00Cr | 500 | 300.75 (3.76%) | 25-08-2023 | TBD | TBD | Tips Industries Limited | Tender Offer | ₹37.19Cr | 625 | 463.95 (-0.16%) | 22-04-2024 | TBD | TBD |
Detail Article on Benefit from buyback offer >> Read
Kaveri Seed Company 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 Kaveri Seed Company Ltd? How can I apply in Kaveri Seed Company Ltd Buyback offer?Last Updated on 2020-09-10T08:02:27+00:00
