KIOCL Limited Buyback 2020 Review

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Incorporated in 1976, KIOCL Limited owned by Ministry of Steel, Govt. of India is primarily engaged in manufacturing of high quality Iron Oxide Pellets and Pig Iron. Company undertakes mineral exploration of Manganese, Limestone, Chromium, Nickel, Iron, etc. and also undertakes operation & maintenance of Iron-ore, Pellet Plants, etc. Recently, KIOCL Ltd has announced buyback offer of Rs. 155.92 Crore (14,174,469 shares at an issue price of Rs. 110 per share). Letís get the complete KIOCL Ltd Buyback Review here.

What is KIOCL Limited Buyback details?

Below is the complete details about KIOCL Limited Buyback. Record date, buyback open and close dates are announce in below section.

    Buyback Type: Tender Offer
    Buyback Offer Amount: 155.92 Cr
    Buyback Number of Shares: 14,174,469
    Buyback Price: Rs 110
    Buyback Offer Size (In %): 8.25%
    Total Share Capital: 7,040.20 Cr
    Face Value: 10 Per Equity Share

Can I Invest today to participate in KIOCL Limited buyback offer? No

What are KIOCL Limited Buyback Important Dates?

In this section we have covered all important dates related to KIOCL 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.

    KIOCL Limited buyback offer important dates
    Buyback Activity Date
    Board Meeting for Buyback proposal 19th Oct 2020
    Buyback Approval date 19th Oct 2020
    Public Announcement of Buyback 21st Oct 2020
    Record Date 30th Oct 2020
    Buyback opens on/Buyback Opening Date 1st Dec 2020
    Buyback closes on/Buyback Closing Date 14th Dec 2020
    Cut-off date to receive completed tender forms by Registrar 16th Dec 2020
    Cut-off date for verification by the Registrar 17th Dec 2020
    Cut-off date to inform Stock Exchange on acceptance or non-acceptance
    of tendered Equity Shares by Registrar
    21st Dec 2020
    Last date of settlement of bids on the stock exchange 22nd Dec 2020
    Last date to return unaccepted shares by Registrar 22nd Dec 2020
    Last date of extinguishment of Equity Shares 28th Dec 2020

KIOCL Limited Share Holding Pattern as of Sep 2020

Stock Holding table gives a clear picture on retail investor holdings of KIOCL 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 99.1%
    Non-Promoter-Institutions 0.3%
    Non-Promoter-Non-Institutions 0.6%

KIOCL Limited Public Announcement >>Document

KIOCL Limited Draft Letter of Offer >>Document

KIOCL Limited Post Buyback Public Announcement >>Document

KIOCL 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 112.05 per equity share - in such case Max 1 Equity S Equity Shares as of Record Date 30th Oct 2020.
    • General category for all Shareholders other than Small Shareholders ("General Category")

    KIOCL Limited Ratio of Buy Back

    Category Entitlement Ratio of Buyback Per Equity Shares Entitlement Ratio of Buyback in %
    Reserved Category 100% 1 Equ
    General Category 2.00%

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

Post buyback comments KIOCL Limited

    For KIOCL Limited Buyback Offer, Report updated by the manager of buyback -

    In general category - response received 99.99%, No. of Equity Shares reserved in Buyback was 1,24,52,843 where valid bid received for retail category was 1,41,74,469 which is 99.99% oversubscribed.

    In Reserved category for Small Shareholders (Retail) - response received only 0.006%, No. of Equity Shares reserved in Buyback was 17,21,626 where valid bid received for retail category was 892 which is 0.006%. 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
Smartlink Holdings LimitedTender OfferRs 31.58 Cr9592.45 (6.69%)01-03-202130-04-202114-05-2021
SIS LimitedTender OfferRs 100 Cr550375.05 (0.23%)09-04-202112-05-202127-05-2021
Quick HealTender OfferRs 155 Cr245186.25 (1.17%)03-05-2021TBDTBD

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Detail Article on Benefit from buyback offer >> Read

KIOCL 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 KIOCL Limited? How can I apply in KIOCL Limited Buyback offer?

Company Contact Information

KIOCL Limited
II Block, Koramangala
Bengaluru, Karnataka - 560 034
Telephone: +91 80 25531525
E-mail: [email protected]

Registrar Contact Information

IDBI Capital Markets & Securities Limited
6th Floor, IDBI Tower, WTC Complex,
Cuffe Parade, Mumbai - 400005
+91 (22) 2217 1700
Email: [email protected]
Request call back from

Last Updated on 2021-01-25T21:35:19+00:00

Buyback FAQs

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

    The Record Date for KIOCL Limited Buyback offer is 30th Oct 2020

    Which means you should hold the KIOCL Limited share in your demat account by closing session of 30th Oct 2020. Share purchased on and before (30th Oct 2020) - 2 business days will be available in your demat account by 30th Oct 2020.



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

    Its all depend on acceptance ratio which usually announce with Letter of Offer. Lets assume if you have KIOCL Limited shares at ₹110 and buyback offer price is ₹110, you can get ₹0 per accepted share. If you hold 1818 shares of KIOCL Limited and if proportionate acceptance is between 33% and 50%, in such case you are eligible to sell your 600 to 909 shares with the gain from buyback of ₹0 to ₹0.

    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.

    KIOCL Limited Buyback Profit Calculation

    % Share AcceptedNo of Shared AcceptedGain from Buyback Offer



  3. 3. How to Participate in KIOCL Limited buyback offer?

    Steps to participate in KIOCL Limited buyback:

    1. On Record date (30th Oct 2020) you must have share of KIOCL 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 KIOCL 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 will know how much shares accepted in KIOCL 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 22nd Dec 2020.



  6. 6. When I need to tender KIOCL Limited share for buyback?

    Buyback opening date for KIOCL Limited: 1st Dec 2020

    Buyback closing date for KIOCL Limited: 14th Dec 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 16th Dec 2020.



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