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Incorporated in 1916, PBM Polytex Limited formerly known as 'The Petlad Bulakhidas Mills Co Ltd' . The name of company was change in 1978. The Company is engage in Yarn manufacturing . The company has 2 production units PBM POLYTEX (Petlad,Guharat) and BLP SPINNERS (Boregaon, MH).
Feb 21st, 2019: PBM Polytex (BSE:514087 | NSE:COALINDIA) board has approved a proposal for buyback of up to 13.75 lakh shares at Rs 80 per share, aggregating Rs 11 Cr (Buyback Offer Size) which is 16.91% of total paid-up equity share capital.
Below is the complete details about PBM Polytex Buyback. Record date, buyback open and close dates are announce in below section.
| Buyback Type: | Tender Offer |
| Buyback Offer Amount: | Rs 11 Cr |
| Buyback Number of Shares: | 13.75 lakhs |
| Buyback Price: | Rs 80 |
| Buyback Offer Size (In %): | 16.91% |
| Total Share Capital: | Rs 62.44 Cr |
| Face Value: | 10 Per Equity Share |
Can I Invest today to participate in PBM Polytex buyback offer? No
In this section we have covered all important dates related to PBM Polytex 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 | 21st Feb 2019 |
| Buyback Approval date | 25th Feb 2019 |
| Public Announcement of Buyback | 25th Feb 2019 |
| Record Date | 8th Mar 2019 |
| Buyback opens on/Buyback Opening Date | 11th Apr 2019 |
| Buyback closes on/Buyback Closing Date | 26th Apr 2019 |
| Cut-off date to receive completed tender forms by Registrar | 7th May 2019 |
| Cut-off date for verification by the Registrar | 7th May 2019 |
| Cut-off date to inform Stock Exchange on acceptance or non-acceptance
of tendered Equity Shares by Registrar |
8th May 2019 |
| Last date of settlement of bids on the stock exchange | 8th May 2019 |
| Last date to return unaccepted shares by Registrar | 8th May 2019 |
| Last date of extinguishment of Equity Shares | 15th May 2019 |
Stock Holding table gives a clear picture on retail investor holdings of PBM Polytex 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 | 73.03% |
| Promoter-Indian | 1.13% |
| Non-Promoter-Institutions | 0.01% |
| Non-Promoter-Non-Institutions | 25.84% |
PBM Polytex Public Announcement >>Document
PBM Polytex Draft Letter of Offer >>Document
PBM Polytex Letter of Offer >>Document
PBM Polytex Post Buyback Public Announcement >>Document
| Category | Entitlement Ratio of Buyback Per Equity Shares | Entitlement Ratio of Buyback in % |
|---|---|---|
| Reserved Category | 38 Equity Share out of every 183 fully paid-up Equity Share held on the Record Date. | 20.76 |
| General Category | 5 Equity Share out of every 34 fully paid-up Equity Share held on the Record Date. | 14.70 |
For PBM Polytex Buyback Offer, Report updated by the manager of buyback -
In general category - response received 150.45%, No. of Equity Shares reserved in Buyback was 1062500 where valid bid received for retail category was 1598564 which is 150.45% oversubscribed.
In Reserved category for Small Shareholders (Retail) - response received only 5.76%, No. of Equity Shares reserved in Buyback was 187500 where valid bid received for retail category was 10798 which is 5.76%. 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 | 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
PBM Polytex 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 PBM Polytex? How can I apply in PBM Polytex Buyback offer?Last Updated on 2019-05-23T22:23:44+00:00
