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Rishiroop Ltd Buyback 2021

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What is Rishiroop Ltd Buyback details?

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

Buyback Type: Tender Offer
Buyback Offer Amount: Rs 8 Cr
Buyback Number of Shares: 6.40 lakhs
Buyback Price: Rs 125
Buyback Offer Size (In %): 6.60%
Total Share Capital:
Face Value: 10 Per Equity Share

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

What are Rishiroop Ltd Buyback Important Dates?

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

Rishiroop Ltd buyback offer important dates
Buyback Activity Date
Board Meeting for Buyback proposal 27th Aug 2021
Buyback Approval date 30th Aug 2021
Public Announcement of Buyback 31st Aug 2021
Record Date 9th Sep 2021
Buyback opens on/Buyback Opening Date 5th Oct 2021
Buyback closes on/Buyback Closing Date 20th Oct 2021
Cut-off date to receive completed tender forms by Registrar 22nd Oct 2021
Cut-off date for verification by the Registrar 28th Oct 2021
Cut-off date to inform Stock Exchange on acceptance or non-acceptance
of tendered Equity Shares by Registrar
28th Oct 2021
Last date of settlement of bids on the stock exchange 29th Oct 2021
Last date to return unaccepted shares by Registrar 29th Oct 2021
Last date of extinguishment of Equity Shares 5th Nov 2021

Rishiroop Ltd Share Holding Pattern as of

Stock Holding table gives a clear picture on retail investor holdings of Rishiroop 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
Promoter-Indian
Non-Promoter-Institutions
Non-Promoter-Non-Institutions

Rishiroop 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 109.05 per equity share - in such case Max 1834 Equity Shares as of Record Date 9th Sep 2021.
  • General category for all Shareholders other than Small Shareholders ("General Category")

Rishiroop Ltd Ratio of Buy Back

Category Entitlement Ratio of Buyback Per Equity Shares Entitlement Ratio of Buyback in %
Reserved Category 5 Equity Share out of every 57 fully paid-up Equity Share held on the Record Date. 8.78%
General Category 6 Equity Share out of every 95 fully paid-up Equity Share held on the Record Date. 6.31%

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
eClerx ServicesTender Offer₹303 Cr28502247.35 (-1.17%)30-09-202118-10-202101-11-2021
Goldiam International LimitedTender Offer45.60 Cr1200941.00 (0.22%)27-10-2021TBDTBD
Nucleus Software Exports LtdTender OfferRs 158 Cr700TBDTBDTBD

Detail Article on Benefit from buyback offer >> Read

Rishiroop 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 Rishiroop Ltd? How can I apply in Rishiroop Ltd Buyback offer?

Company Contact Information

Registrar Contact Information

Last Updated on 2021-09-28T10:49:06+00:00

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FAQs

The Record Date for Rishiroop Ltd Buyback offer is 9th Sep 2021

Which means you should hold the Rishiroop Ltd share in your demat account by closing session of 9th Sep 2021. Share purchased on and before (9th Sep 2021) - 2 business days will be available in your demat account by 9th Sep 2021.

 

Its all depend on acceptance ratio which usually announce with Letter of Offer. Lets assume if you have Rishiroop Ltd shares at ₹109 and buyback offer price is ₹125, you can get ₹16 per accepted share. If you hold 1835 shares of Rishiroop Ltd and if proportionate acceptance is between 33% and 50%, in such case you are eligible to sell your 606 to 918 shares with the gain from buyback of ₹9696 to ₹14688.

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.

Rishiroop Ltd Buyback Profit Calculation

% Share AcceptedNo of Shared AcceptedGain from Buyback Offer
33%606₹9696
50%918₹14688
75%1376₹22016
100%1835₹29360

 

Steps to participate in Rishiroop Ltd buyback:

  1. On Record date (9th Sep 2021) you must have share of Rishiroop Ltd 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.

 

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.

 

Buyback opening date for Rishiroop Ltd: 5th Oct 2021

Buyback closing date for Rishiroop Ltd: 20th Oct 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 22nd Oct 2021.

 

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 29th Oct 2021.

 

Buyback opening date for Rishiroop Ltd: 5th Oct 2021

Buyback closing date for Rishiroop Ltd: 20th Oct 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 22nd Oct 2021.

 


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 2021-09-28T10:48:36+00:00

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