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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.
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
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.
| 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 |
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
| 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% |
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%.
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 | 935.70 (-3.18%) | 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 | 176.75 (-1.81%) | 18-11-2022 | TBD | TBD | KRBL Limited | Tender Offer | ₹325.00Cr | 500 | 295.90 (-1.10%) | 25-08-2023 | TBD | TBD | Tips Industries Limited | Tender Offer | ₹37.19Cr | 625 | 459.70 (-0.27%) | 22-04-2024 | 26-04-2024 | 03-05-2024 |
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?Last Updated on 2021-04-26T23:26:40+00:00
