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National Aluminium Company Ltd Buyback Review

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NRI Form⇒

Incorporated in the year 1981, National Aluminium Company Limited (NALCO) is a group ‘A’ CPSE, having integrated and diversified operations in mining, metal, and power. The company is currently held by the Government of India with 51.1% equity. NALCO has bulk shipment facilities at Vizag port for the export of Alumina/Aluminium and import of caustic soda and also utilizes the facilities at Kolkata and Paradeep ports.  

NALCO is repurchasing its shares from the market worth Rs 749.10 Cr at Rs 57.5 per share. The company will buyback 13.02 Cr shares which represent 7.83% of fully paid-up capital. It has finalized the record date on 8th Feb 2021. The buyback price is 17% higher than the closing price on the announcement date.

What is National Aluminium Company Ltd Buyback details?

Below is the complete details about National Aluminium Company Ltd Buyback. Record date, buyback open and close dates are announce in below section.

Buyback Type: Tender Offer
Buyback Offer Amount: Rs 749.10 Cr
Buyback Number of Shares: 13.02 Cr
Buyback Price: Rs 57.50
Buyback Offer Size (In %): 7.83%
Total Share Capital: 8,936.3 Cr
Face Value: 5 Per Equity Share

Can I Invest today to participate in National Aluminium Company Ltd buyback offer? No

What are National Aluminium Company Ltd Buyback Important Dates?

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

National Aluminium Company Ltd buyback offer important dates
Buyback Activity Date
Board Meeting for Buyback proposal 21st Jan 2021
Buyback Approval date 21st Jan 2021
Public Announcement of Buyback 25th Jan 2021
Record Date 8th Feb 2021
Buyback opens on/Buyback Opening Date 25th Feb 2021
Buyback closes on/Buyback Closing Date 10th Mar 2021
Cut-off date to receive completed tender forms by Registrar 12th Mar 2021
Cut-off date for verification by the Registrar 15th Mar 2021
Cut-off date to inform Stock Exchange on acceptance or non-acceptance
of tendered Equity Shares by Registrar
16th Mar 2021
Last date of settlement of bids on the stock exchange 17th Mar 2021
Last date to return unaccepted shares by Registrar 17th Mar 2021
Last date of extinguishment of Equity Shares 19th Mar 2021

National Aluminium Company Ltd Share Holding Pattern as of Dec 2020

Stock Holding table gives a clear picture on retail investor holdings of National Aluminium 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 7.63%
Promoter-Indian 51.76%
Non-Promoter-Institutions 18.08%
Non-Promoter-Non-Institutions 22.79%

National Aluminium Company Ltd Public Announcement >>Document

National Aluminium Company Ltd Draft Letter of Offer >>Document

National Aluminium Company Ltd Letter of Offer >>Document

National Aluminium Company Ltd Post Buyback Public Announcement >>Document

National Aluminium Company 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 50.55 per equity share - in such case Max 3,956 Equity Shares as of Record Date 8th Feb 2021.
  • General category for all Shareholders other than Small Shareholders ("General Category")

National Aluminium Company Ltd Ratio of Buy Back

Category Entitlement Ratio of Buyback Per Equity Shares Entitlement Ratio of Buyback in %
Reserved Category 23 Equity Share out of every 195 fully paid-up Equity Share held on the Record Date. 11.79
General Category 37 Equity Share out of every 568 fully paid-up Equity Share held on the Record Date. 6.51%

Post buyback comments National Aluminium Company Ltd

For National Aluminium Company Ltd Buyback Offer, Report updated by the manager of buyback -

In general category - response received 24.72, No. of Equity Shares reserved in Buyback was 11,07,37,220 where valid bid received for retail category was 2,73,78,081 which is 24.72 oversubscribed.

In Reserved category for Small Shareholders (Retail) - response received only 8.23, No. of Equity Shares reserved in Buyback was 1,95,41,863 where valid bid received for retail category was 16,07,630 which is 8.23. 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
Granules India Ltd Tender OfferRs 250 Cr400324.35 (2.03%)23-08-202227-09-202211-10-2022
SIS LimitedTender OfferRs 80 Cr550419.35 (-0.06%)30-08-2022TBDTBD
Quick Heal Technologies LtdTender OfferRs 150 Cr300198.25 (-2.58%)14-09-202204-10-202218-10-2022
CARE Ratings LtdTender OfferRs 121.95 Cr515504.50 (-0.85%)14-09-2022TBDTBD
Care Ratings LtdTender OfferRs 121.95 Cr515504.50 (-0.85%)14-09-2022TBDTBD
Shyam Century Ferrous LimitedTender OfferRs 28 Cr2822.55 (-0.88%)27-09-2022TBDTBD
S.P. Apparels LtdTender Offer0.06 Cr585426.55 (-0.18%)07-10-2022TBDTBD
Tanla Platforms LtdTender OfferRs 170 Cr1200772.05 (1.38%)TBDTBDTBD

Detail Article on Benefit from buyback offer >> Read

National Aluminium 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 National Aluminium Company Ltd? How can I apply in National Aluminium Company Ltd Buyback offer?

Company Contact Information

National Aluminium Company Limited
Nalco Bhawan, P1, Nayapalli,
Bhubaneswar 751013, Odisha, India.
Phone: :0674-2301988-999
Email: [email protected]

Registrar Contact Information

KFin Technologies Pvt. Ltd
Selenium, Tower B, Plot No-31 and 32, Financial District, Nanakramguda,
Serilingampally, Hyderabad, Rangareddi - 500 032, Telangana, India
Tel.: +91 40 6716 222
Email:[email protected]
Website:www.kfintech.com

Last Updated on 2021-04-26T23:26:40+00:00

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