Navneet Education Ltd Buyback Aug 2018

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Aug 20, 2018: Navneet Education Ltd (BSE:508989 | NSE:Navneet Education Limited) board has approved a proposal for buyback of up to 46.87 Lakhs shares at Rs 160 per share, aggregating Rs 75 Cr which is 2.01% of total paid-up equity shares capital.

What is Navneet Education Ltd Buyback details?

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

    Buyback Type: Tender Offer
    Buyback Offer Amount: Rs 75 Cr
    Buyback Number of Shares: 46.87 lakhs
    Buyback Price: Rs 160
    Buyback Offer Size (In %): 2.01%
    Total Share Capital: Rs 2976.70 Cr
    Face Value: 2 Per Equity Share

Can I Invest today to participate in Navneet Education Ltd buyback offer? No

We expect proposed acceptance ratio will be between 7 to 12% and actual acceptance ratio will be between 25 to 35%.

What are Navneet Education Ltd Buyback Important Dates?

In this section we have covered all important dates related to Navneet Education 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.

    Navneet Education Ltd buyback offer important dates
    Buyback Activity Date
    Board Meeting for Buyback proposal 20th Aug 2018
    Buyback Approval date 20th Aug 2018
    Public Announcement of Buyback 20th Aug 2018
    Record Date 31st Aug 2018
    Buyback opens on/Buyback Opening Date 24th Sep 2018
    Buyback closes on/Buyback Closing Date 8th Oct 2018
    Cut-off date to receive completed tender forms by Registrar 10th Oct 2018
    Cut-off date for verification by the Registrar 15th Oct 2018
    Cut-off date to inform Stock Exchange on acceptance or non-acceptance
    of tendered Equity Shares by Registrar
    15th Oct 2018
    Last date of settlement of bids on the stock exchange 15th Oct 2018
    Last date to return unaccepted shares by Registrar 17th Oct 2018
    Last date of extinguishment of Equity Shares 24th Oct 2018

Navneet Education Ltd Share Holding Pattern as of March 2018

Stock Holding table gives a clear picture on retail investor holdings of Navneet Education 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 0.0%
    Promoter-Indian 61.78%
    Non-Promoter-Institutions 22.93%
    Non-Promoter-Non-Institutions 12.26%

Navneet Education 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 136.90 per equity share - in such case Max 1460 Equity Shares as of Record Date 31st Aug 2018.
    • General category for all Shareholders other than Small Shareholders ("General Category")

    Navneet Education Ltd Ratio of Buy Back

    Category Entitlement Ratio of Buyback Per Equity Shares Entitlement Ratio of Buyback in %
    Reserved Category 83 Equity Share out of every 851 fully paid-up Equity Share held on the Record Date. 9.75%
    General Category 5 Equity Share out of every 284 fully paid-up Equity Share held on the Record Date. 1.75%

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

Post buyback comments Navneet Education Ltd

    For Navneet Education Ltd Buyback Offer, Report updated by the manager of buyback -

    In general category - response received 3487.11%, No. of Equity Shares reserved in Buyback was 39,84,375 where valid bid received for retail category was 13,89,39,642 which is 3487.11% oversubscribed.

    In Reserved category for Small Shareholders (Retail) - response received only 364.44%, No. of Equity Shares reserved in Buyback was 7,03,125 where valid bid received for retail category was 25,62,477 which is 364.44%. Final Acceptance Ratio for Retail Investors was 28%.

    Out of 25,62,477 shares buyback entitlement of Valid bids was only 2,81,661 equity shares, so 4,21,464 additional equity shares accepted in the proportion of the additional Equity shared tendered. The original declared acceptance ratio was 9.75% and actual acceptance ration was approx 28%, with this retail investor acceptance went up by approx 18 percent from proposed buyback ratio.

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Detail Article on Benefit from buyback offer >> Read

Navneet Education 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 Navneet Education Ltd? How can I apply in Navneet Education Ltd Buyback offer?

Company Contact Information

Navneet Bhavan,
Bhavani Shankar Road,,Dadar (West),
Mumbai-MH-400028
Website: http://www.navneet.com

Registrar Contact Information

Link Intime India Pvt. Ltd.
C 101, 247 Park,
L.B.S. Marg,
Vikhroli (West)
Mumbai - MH - 400083
Website: http://www.linkintime.co.in
Request call back from

Last Updated on 2018-10-25T03:15:00+00:00


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User Comments

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4. Sandeep Kumat  10/25/2018 11:16:46 AM Reply
Final Acceptance Ration for me approx 30%. Not great earning in this buyback.
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3. s.b.maheshwari  9/5/2018 7:17:11 PM Reply
Is record date of buyback is over as some other site it was showing that 29 August was the last date with buyback.
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2. Munendra singh  9/3/2018 3:35:48 PM Reply
How can i participate in buyback of Navneet education and when it will be start ? Pls reply
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2.1. CA Sachin Jain  9/4/2018 10:51:11 AM
Hello Munendra,
For Navneet Education Buyback - First company will announce record date, after that, it will take min 1 month to announce buyback start date. So just hold the script and we will update when dates will announce.
Our all buyback process will take min 3 months after announcement.

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1. kapil  8/23/2018 3:52:11 PM Reply
Navneet Education Ltd Buyback Aug 2018 buyback record date? and acceptance ration estimate?






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