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Incorporated in 1961, Savita Oil Technologies Limited((BSE: 524667, NSE: SOTL)) is engaged in petroleum specialties,Lubricating Oils,renewable vegetable oils, Renewable Energy Power Projects , Polymer Based Compounds, Cable Filling Compounds and Micro and Oxidised Waxe and many more.Company have 3 manufacturing units.
Jan 18,2017 - Savita Oil Technologies(BSE: 524667, NSE: SOTL)Board is going to consider a share buyback in board meeting which is planned on Jan 23,2018.
Jan 23,2018 - Savita Oil Technologies Limited Board has approved a proposal for buyback of up to 2.8 lakhs shares at Rs 1605 per share, aggregating Rs 44.94 crore which is 1.92% of the total number of Equity shares.
Below is the complete details about Savita Oil Technologies Limited Buyback. Record date, buyback open and close dates are announce in below section.
| Buyback Type: | Tender Offer |
| Buyback Offer Amount: | Rs 44.94 Cr |
| Buyback Number of Shares: | 2.8 lakhs |
| Buyback Price: | Rs 1605 |
| Buyback Offer Size (In %): | 1.92% |
| Total Share Capital: | Rs 2,278.73 Cr |
| Face Value: | 10 Per Equity Share |
Can I Invest today to participate in Savita Oil Technologies Limited buyback offer? No
In this section we have covered all important dates related to Savita Oil Technologies 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 | 23rd Jan 2018 |
| Buyback Approval date | 23rd Jan 2018 |
| Public Announcement of Buyback | 24th Jan 2018 |
| Record Date | 9th Feb 2018 |
| Buyback opens on/Buyback Opening Date | 1st Mar 2018 |
| Buyback closes on/Buyback Closing Date | 15th Mar 2018 |
| Cut-off date to receive completed tender forms by Registrar | 19th Mar 2018 |
| Cut-off date for verification by the Registrar | 19th Mar 2018 |
| Cut-off date to inform Stock Exchange on acceptance or non-acceptance
of tendered Equity Shares by Registrar |
21st Mar 2018 |
| Last date of settlement of bids on the stock exchange | 23rd Mar 2018 |
| Last date to return unaccepted shares by Registrar | 26th Mar 2018 |
| Last date of extinguishment of Equity Shares | 2nd Apr 2018 |
Stock Holding table gives a clear picture on retail investor holdings of Savita Oil Technologies 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 | 71.58% |
| Non-Promoter-Institutions | 16.52% |
| Non-Promoter-Non-Institutions | 11.90% |
| Category | Entitlement Ratio of Buyback Per Equity Shares | Entitlement Ratio of Buyback in % |
|---|---|---|
| Reserved Category | 31 Equity Share out of every 177 fully paid-up Equity Share held on the Record Date. | 17.51 |
| General Category | 3 Equity Share out of every 181 fully paid-up Equity Share held on the Record Date. | 1.65% |
For Savita Oil Technologies Limited Buyback Offer, Report updated by the manager of buyback -
In general category - response received 4108.55%, No. of Equity Shares reserved in Buyback was 238000 where valid bid received for retail category was 9778343 which is 4108.55% oversubscribed.
In Reserved category for Small Shareholders (Retail) - response received only 101.85, No. of Equity Shares reserved in Buyback was 42000 where valid bid received for retail category was 42775 which is 101.85. 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
Savita Oil Technologies 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 Savita Oil Technologies Limited? How can I apply in Savita Oil Technologies Limited Buyback offer?Last Updated on 2018-10-25T04:09:31+00:00
