Neelamalai Agro Industries Limited Buyback Review

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Incorporated in the year 1946, Neelamalai Agro Industries Ltd is in the business of tea, trading, and exporting. It has a 300-acre tea plantation in Pasuparai, Tamil Nadu, and also plants rubber, coffee, vanilla, pepper, and cardamom. The company exports its products in the USA, Europe, The Far East, and Australia.

AVT Neelamalai Agro Industries Ltd is coming up with a buyback of shares amounting to ₹88.9 Cr and will buyback 25, 350 shares from the tender offer. The company is repurchasing shares at the price of ₹1,600 per share which is at 11% premium from the date of public announcement.

What is Neelamalai Agro Industries Limited Buyback details?

Below is the complete details about Neelamalai Agro Industries Limited Buyback. Record date, buyback open and close dates are announce in below section.

    Buyback Type: Tender Offer
    Buyback Offer Amount: Rs 4.056 Cr
    Buyback Number of Shares: 25,350
    Buyback Price: Rs 1600
    Buyback Offer Size (In %): 9.99%
    Total Share Capital: Rs 88.9 Cr
    Face Value: 10 Per Equity Share

Can I Invest today to participate in Neelamalai Agro Industries Limited buyback offer? No

What are Neelamalai Agro Industries Limited Buyback Important Dates?

In this section we have covered all important dates related to Neelamalai Agro Industries Limited 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.

    Neelamalai Agro Industries Limited buyback offer important dates
    Buyback Activity Date
    Board Meeting for Buyback proposal 22nd Jan 2021
    Buyback Approval date 22nd Jan 2021
    Public Announcement of Buyback 25th Jan 2021
    Record Date 5th Feb 2021
    Buyback opens on/Buyback Opening Date 24th Feb 2021
    Buyback closes on/Buyback Closing Date 9th Mar 2021
    Cut-off date to receive completed tender forms by Registrar 17th Mar 2021
    Cut-off date for verification by the Registrar 18th Mar 2021
    Cut-off date to inform Stock Exchange on acceptance or non-acceptance
    of tendered Equity Shares by Registrar
    19th Mar 2021
    Last date of settlement of bids on the stock exchange 19th Mar 2021
    Last date to return unaccepted shares by Registrar 20th Mar 2021
    Last date of extinguishment of Equity Shares 26th Mar 2021

Neelamalai Agro Industries Limited Share Holding Pattern as of Dec 2020

Stock Holding table gives a clear picture on retail investor holdings of Neelamalai Agro Industries Limited 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 67.5%
    Non-Promoter-Institutions 0.7%
    Non-Promoter-Non-Institutions 31.9%

Neelamalai Agro Industries Limited Draft Letter of Offer >>Document

Neelamalai Agro Industries Limited Letter of Offer >>Document

Neelamalai Agro Industries Limited 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 1488.35 per equity share - in such case Max 3,823 Equity Shares as of Record Date 5th Feb 2021.
    • General category for all Shareholders other than Small Shareholders ("General Category")

    Neelamalai Agro Industries Limited Ratio of Buy Back

    Category Entitlement Ratio of Buyback Per Equity Shares Entitlement Ratio of Buyback in %
    Reserved Category 1 Equity Share out of every 8 fully paid-up Equity Share held on the Record Date 12.5%
    General Category 1 Equity Share out of every 8 fully paid-up Equity Share held on the Record Date 12.5%

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

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
Jullundur Motor Agency (Delhi) LimitedTender OfferRs 26.82 Cr3635.1 (0.72%)24-12-2020TBDTBD
Indian Toners and Developers LimitedTender Offer36.98 Cr160125.35 (2.20%)15-01-202104-03-202118-03-2021
Gail (India) LimitedTender OfferRs 1046.35 Cr150147.35 (3.19%)28-01-202125-02-202110-03-2021
Neelamalai Agro Industries LimitedTender OfferRs 4.056 Cr160005-02-202124-02-202109-03-2021
National Aluminium Company LtdTender OfferRs 749.10 Cr57.5055.30 (5.13%)08-02-202125-02-202110-03-2021
Suprajit Engineering LimitedTender OfferRs 48 Cr320277.60 (4.34%)22-02-2021TBDTBD
NIIT LimitedTender OfferRs 237 Cr240196.40 (-1.73%)24-02-2021TBDTBD
Smartlink Holdings LimitedTender OfferRs 31.58 Cr9592.20 (0.05%)01-03-2021TBDTBD
Bharat Rasayan LimitedTender Offer107.49 Cr11,5009804.10 (0.36%)05-03-2021TBDTBD
SIS LimitedTender OfferRs 100 Cr550431.50 (2.59%)TBDTBDTBD

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Detail Article on Benefit from buyback offer >> Read

Neelamalai Agro Industries Limited 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 Neelamalai Agro Industries Limited? How can I apply in Neelamalai Agro Industries Limited Buyback offer?

Company Contact Information

NEELAMALAI AGRO INDUSTRIES LIMITED
Katary Estate, Katary P.O., Coonoor, The Nilgiris,
Nilgiri, Tamil Nadu -643213, India.
Phone: +91 423-2284235
Email: [email protected]

Registrar Contact Information

Cameo Corporate Services Limited
“Subramanian Building”, No.1, Club House Road,
Chennai –600 002, Tamilnadu, India
Tel.: +91 44 4002 0700;
Email:[email protected]
Website:www.cameoindia.com
Request call back from

Last Updated on 2021-02-15T21:54:49+00:00


Buyback FAQs

  1. 1. What is the record date for Neelamalai Agro Industries Limited buyback offer?

    The Record Date for Neelamalai Agro Industries Limited Buyback offer is 5th Feb 2021

    Which means you should hold the Neelamalai Agro Industries Limited share in your demat account by closing session of 5th Feb 2021. Share purchased on and before (5th Feb 2021) - 2 business days will be available in your demat account by 5th Feb 2021.

     

     

  2. 2. How much I can make with Neelamalai Agro Industries Limited buyback offer?

    Its all depend on acceptance ratio which usually announce with Letter of Offer. Lets assume if you have Neelamalai Agro Industries Limited shares at ₹1420 and buyback offer price is ₹1600, you can get ₹180 per accepted share. If you hold 141 shares of Neelamalai Agro Industries Limited and if proportionate acceptance is between 33% and 50%, in such case you are eligible to sell your 47 to 70 shares with the gain from buyback of ₹8460 to ₹12600.

    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.

    Neelamalai Agro Industries Limited Buyback Profit Calculation

    % Share AcceptedNo of Shared AcceptedGain from Buyback Offer
    33%47₹8460
    50%70₹12600
    75%106₹19080
    100%141₹25380

     

     

  3. 3. How to Participate in Neelamalai Agro Industries Limited buyback offer?

    Steps to participate in Neelamalai Agro Industries Limited buyback:

    1. On Record date (5th Feb 2021) you must have share of Neelamalai Agro Industries Limited 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 Neelamalai Agro Industries Limited 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 Neelamalai Agro Industries Limited share for buyback?

    Buyback opening date for Neelamalai Agro Industries Limited: 24th Feb 2021

    Buyback closing date for Neelamalai Agro Industries Limited: 9th 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 17th Mar 2021.

     

     

  6. 6. When I will know how much shares accepted in Neelamalai Agro Industries Limited 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 20th Mar 2021.

     

     

  7. 7. When I need to tender Neelamalai Agro Industries Limited share for buyback?

    Buyback opening date for Neelamalai Agro Industries Limited: 24th Feb 2021

    Buyback closing date for Neelamalai Agro Industries Limited: 9th 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 17th Mar 2021.

     

     

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