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Incorporated into 1955, ONGC was visionary of Pandit Jawahar Lal Nehru and currently the largest crude oil and natural gas company in India. In its 60 years of journey, ONGC is contributing around 70% of India domestic production. IOC, BPCL, and HPCL use crude oil from ONGC to produce petroleum products like petrol, diesel, kerosene, Naphtha, and LPG.
The ONGC ranked 11th in the global energy majors. The company also listed in Fortune’s Most Admired Energy Companies list. ONGC is most values and largest E&P Company (Exploration and Production of oil & gas) in the world.
ONGC Videsh is a wholly owned subsidiary of Oil and Natural Gas Corporation Limited (ONGC), the National Oil Company of India, and is India’s largest international oil and gas Company. ONGC Videsh has participation in 41 projects in 20 countries.
Dec 20, 2018: Oil and Natural Gas Corp (BSE:500312 | NSE:ONGC) board has approved a proposal for buyback of up to 25.29 Cr shares at Rs 159 per share, aggregating Rs 4022 Cr (Buyback Offer Size) which is 1.97% of total paid-up equity share capital.
Below is the complete details about ONGC Buyback. Record date, buyback open and close dates are announce in below section.
| Buyback Type: | Tender Offer |
| Buyback Offer Amount: | Rs 4022 Cr |
| Buyback Number of Shares: | 25.29 Cr |
| Buyback Price: | Rs 159 |
| Buyback Offer Size (In %): | 1.97% |
| Total Share Capital: | Rs 190,573.54 CR |
| Face Value: | 5 Per Equity Share |
Can I Invest today to participate in ONGC buyback offer? No
In this section we have covered all important dates related to ONGC 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 | 20th Dec 2018 |
| Buyback Approval date | 21st Dec 2018 |
| Public Announcement of Buyback | 24th Dec 2018 |
| Record Date | 4th Jan 2019 |
| Buyback opens on/Buyback Opening Date | 29th Jan 2019 |
| Buyback closes on/Buyback Closing Date | 11th Feb 2019 |
| Cut-off date to receive completed tender forms by Registrar | 13th Feb 2019 |
| Cut-off date for verification by the Registrar | 15th Feb 2019 |
| Cut-off date to inform Stock Exchange on acceptance or non-acceptance
of tendered Equity Shares by Registrar |
20th Feb 2019 |
| Last date of settlement of bids on the stock exchange | 21st Feb 2019 |
| Last date to return unaccepted shares by Registrar | 21st Feb 2019 |
| Last date of extinguishment of Equity Shares | 26th Feb 2019 |
Stock Holding table gives a clear picture on retail investor holdings of ONGC 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 | 68.07% |
| Non-Promoter-Institutions | 18.06% |
| Non-Promoter-Non-Institutions | 13.87% |
ONGC Public Announcement >>Document
ONGC Draft Letter of Offer >>Document
ONGC Letter of Offer >>Document
ONGC Post Buyback Public Announcement >>Document
| Category | Entitlement Ratio of Buyback Per Equity Shares | Entitlement Ratio of Buyback in % |
|---|---|---|
| Reserved Category | 13 Equity Share out of every 49 fully paid-up Equity Share held on the Record Date. | 26.53 |
| General Category | 20 Equity Share out of every 1181 fully paid-up Equity Share held on the Record Date. | 1.69% |
For ONGC Buyback Offer, Report updated by the manager of buyback -
In general category - response received 291.44%, No. of Equity Shares reserved in Buyback was 215012577 where valid bid received for retail category was 626625283 which is 291.44% oversubscribed.
In Reserved category for Small Shareholders (Retail) - response received only 78.13%, No. of Equity Shares reserved in Buyback was 37943397 where valid bid received for retail category was 29645437 which is 78.13%. 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 | 925.60 (0.36%) | 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 | 165.00 (0.00%) | 18-11-2022 | TBD | TBD | KRBL Limited | Tender Offer | ₹325.00Cr | 500 | 298.05 (-0.90%) | 25-08-2023 | TBD | TBD | Tips Industries Limited | Tender Offer | ₹37.19Cr | 625 | 460.50 (-0.74%) | 22-04-2024 | TBD | TBD |
Detail Article on Benefit from buyback offer >> Read
ONGC 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 ONGC? How can I apply in ONGC Buyback offer?Last Updated on 2019-03-25T22:40:33+00:00
