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.
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
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.
|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|
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 %|
KIOCL Limited Public Announcement >>Document
KIOCL Limited Draft Letter of Offer >>Document
KIOCL Limited Post Buyback Public Announcement >>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||100%||1 Equ|
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%.
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|
|Smartlink Holdings Limited||Tender Offer||Rs 31.58 Cr||95||92.45 (6.69%)||01-03-2021||30-04-2021||14-05-2021||SIS Limited||Tender Offer||Rs 100 Cr||550||375.05 (0.23%)||09-04-2021||12-05-2021||27-05-2021||Quick Heal||Tender Offer||Rs 155 Cr||245||186.25 (1.17%)||03-05-2021||TBD||TBD|
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Detail Article on Benefit from buyback offer >> ReadKIOCL 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?
Last Updated on 2021-01-25T21:35:19+00:00
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.
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.
|% Share Accepted||No of Shared Accepted||Gain from Buyback Offer|
Steps to participate in KIOCL Limited 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.
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.
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.