National Aluminium Company Ltd Buyback Review

Broker Articles   Buyback Dates   Compare Top Stock Brokers in India  
Rated 3.5/5 by Team TopShareBrokers

Save Brokerage Upto 60%

Name 

 Phone 
Email   State 
City    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%

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

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
Smartlink Holdings LimitedTender OfferRs 31.58 Cr9586.65 (-0.40%)01-03-202130-04-202114-05-2021
SIS LimitedTender OfferRs 100 Cr550374.20 (0.43%)09-04-202112-05-202127-05-2021
Quick HealTender OfferRs 155 Cr245184.10 (0.22%)03-05-2021TBDTBD

Guaranteed Save 60% to 90% Brokerage + Taxes

Do you know you could reduce the brokerage cost significantly by moving to another stock broker? Our expert team compare top share brokers in India to help investors like you. STOP paying Demat AMC, brokerage in %, PCM fee and high stamp duty today.

We can help you choose the right broker. Contact us today...

@
  NRI Form ⇒

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
Request call back from

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


Buyback FAQs

  1. 1. What is the record date for National Aluminium Company Ltd buyback offer?

    The Record Date for National Aluminium Company Ltd Buyback offer is 8th Feb 2021

    Which means you should hold the National Aluminium Company Ltd share in your demat account by closing session of 8th Feb 2021. Share purchased on and before (8th Feb 2021) - 2 business days will be available in your demat account by 8th Feb 2021.

     

     

  2. 2. How much I can make with National Aluminium Company Ltd buyback offer?

    Its all depend on acceptance ratio which usually announce with Letter of Offer. Lets assume if you have National Aluminium Company Ltd shares at ₹48 and buyback offer price is ₹57.50, you can get ₹9.5 per accepted share. If you hold 4167 shares of National Aluminium Company Ltd and if proportionate acceptance is between 33% and 50%, in such case you are eligible to sell your 1375 to 2084 shares with the gain from buyback of ₹13062 to ₹19798.

    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.

    National Aluminium Company Ltd Buyback Profit Calculation

    % Share AcceptedNo of Shared AcceptedGain from Buyback Offer
    33%1375₹13062
    50%2084₹19798
    75%3125₹29688
    100%4167₹39586

     

     

  3. 3. How to Participate in National Aluminium Company Ltd buyback offer?

    Steps to participate in National Aluminium Company Ltd buyback:

    1. On Record date (8th Feb 2021) you must have share of National Aluminium Company 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 National Aluminium Company 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 National Aluminium Company Ltd share for buyback?

    Buyback opening date for National Aluminium Company Ltd: 25th Feb 2021

    Buyback closing date for National Aluminium Company Ltd: 10th Mar 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 12th Mar 2021.

     

     

  6. 6. When I will know how much shares accepted in National Aluminium Company 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 17th Mar 2021.

     

     

  7. 7. When I need to tender National Aluminium Company Ltd share for buyback?

    Buyback opening date for National Aluminium Company Ltd: 25th Feb 2021

    Buyback closing date for National Aluminium Company Ltd: 10th Mar 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 12th Mar 2021.

     

     

Compare 3 Brokers

User Comments

avatar
  2021-01-27T10:00:52+00:00

Enquire Trading Brokers:

Name 

 Phone 
Email   State 
City   






Translate topsharebrokers.com: