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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.
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
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.
| 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 |
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 Public Announcement >>Document
Neelamalai Agro Industries Limited Draft Letter of Offer >>Document
Neelamalai Agro Industries Limited Letter of Offer >>Document
Neelamalai Agro Industries Limited Post Buyback Public Announcement >>Document
| 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% |
For Neelamalai Agro Industries Limited Buyback Offer, Report updated by the manager of buyback -
In general category - response received 0.19%, No. of Equity Shares reserved in Buyback was 20722 where valid bid received for retail category was 3946 which is 0.19% oversubscribed.
In Reserved category for Small Shareholders (Retail) - response received only 0.29%, No. of Equity Shares reserved in Buyback was 4628 where valid bid received for retail category was 1342 which is 0.29%. 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 | 966.40 (-1.91%) | 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 | 180.00 (6.48%) | 18-11-2022 | TBD | TBD | KRBL Limited | Tender Offer | ₹325.00Cr | 500 | 299.20 (1.00%) | 25-08-2023 | TBD | TBD | Tips Industries Limited | Tender Offer | ₹37.19Cr | 625 | 460.95 (-0.25%) | 22-04-2024 | 26-04-2024 | 03-05-2024 |
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?Last Updated on 2021-04-27T01:08:54+00:00
