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Oct 12, 2018: National Aluminium Company Ltd (NALCO) (BSE:532234 | NSE:NATIONALUM ) board has approved a proposal for buyback of up to 6.73 Cr shares at Rs 75 per share, aggregating Rs 508.83 cr which is 3.48% of total number of paid-up equity shares capital.
Below is the complete details about NALCO Buyback. Record date, buyback open and close dates are announce in below section.
| Buyback Type: | Tender Offer |
| Buyback Offer Amount: | Rs 504 Cr |
| Buyback Number of Shares: | 6.73 Cr |
| Buyback Price: | Rs 75 |
| Buyback Offer Size (In %): | 3.48% |
| Total Share Capital: | Rs 12940.96 Cr |
| Face Value: | 5 Per Equity Share |
Can I Invest today to participate in NALCO buyback offer? No
In this section we have covered all important dates related to NALCO 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 | 12th Oct 2018 |
| Buyback Approval date | 12th Oct 2018 |
| Public Announcement of Buyback | 12th Oct 2018 |
| Record Date | 26th Oct 2018 |
| Buyback opens on/Buyback Opening Date | 13th Nov 2018 |
| Buyback closes on/Buyback Closing Date | 28th Nov 2018 |
| Cut-off date to receive completed tender forms by Registrar | 30th Nov 2018 |
| Cut-off date for verification by the Registrar | 1st Dec 2018 |
| Cut-off date to inform Stock Exchange on acceptance or non-acceptance
of tendered Equity Shares by Registrar |
4th Dec 2018 |
| Last date of settlement of bids on the stock exchange | 5th Dec 2018 |
| Last date to return unaccepted shares by Registrar | 5th Dec 2018 |
| Last date of extinguishment of Equity Shares | 12th Dec 2018 |
Stock Holding table gives a clear picture on retail investor holdings of NALCO 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 | 56.17% |
| Non-Promoter-Institutions | 31.05% |
| Non-Promoter-Non-Institutions | 12.78% |
| Category | Entitlement Ratio of Buyback Per Equity Shares | Entitlement Ratio of Buyback in % |
|---|---|---|
| Reserved Category | 25 Equity Share out of every 164 fully paid-up Equity Share held on the Record Date. | 15.24 |
| General Category | 8 Equity Share out of every 261 fully paid-up Equity Share held on the Record Date. | 3.07% |
For NALCO Buyback Offer, Report updated by the manager of buyback -
In general category - response received 436.53%, No. of Equity Shares reserved in Buyback was 57214678 where valid bid received for retail category was 249756963 which is 436.53% oversubscribed.
In Reserved category for Small Shareholders (Retail) - response received only 186.02%, No. of Equity Shares reserved in Buyback was 10096708 where valid bid received for retail category was 18781405 which is 186.02%. Final Acceptance Ratio for Retail Investors was 53.76%.
Final buyback acceptance ratio for the retail investor is 53.76%, where our expert comment was between 30 to 40%. Approx return for NALCO buyback for the retail investor has come to approx 5.0%.
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 | 933.35 (0.18%) | 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 | 162.50 (-1.34%) | 18-11-2022 | TBD | TBD | KRBL Limited | Tender Offer | ₹325.00Cr | 500 | 289.85 (-0.38%) | 25-08-2023 | TBD | TBD | Tips Industries Limited | Tender Offer | ₹37.19Cr | 625 | 464.70 (1.10%) | 22-04-2024 | TBD | TBD |
Detail Article on Benefit from buyback offer >> Read
NALCO 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 NALCO? How can I apply in NALCO Buyback offer?Last Updated on 2018-12-12T10:54:37+00:00
