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Incorporated in 1961, Savita Oil Technologies Limited 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. The company have 3 manufacturing units one in Turbhe, Navi Mumbai, Maharashtra and the other two in Silvassa.
The company also set up windmills in Maharashtra, Karnataka and Tamil Nadu.
May 29th, 2019:Savita Oil Technologies Ltd (BSE:524667 | NSE:SOTL) board has proposed a purchase of up to 2.51 lakh((Two Lakh Fifty One Thousand)) shares at Rs 1605 (One Thousand Six Hundred and Five Only) per share, aggregating Rs 40.28 Cr(Rupees Forty Crore Twenty Eight Lakh) (Buyback Offer Size) that is 4.74% of total paid equity share capital.
In 2018 also Savita Oil Technologies launched buyback via Tender Offer for Rs 44.94 Cr of 2.8 lakh shares @1605. The current buyback is smaller from the previous size. For retail investors, last time acceptance ratio was approx 100%.
Below is the complete details about Savita Oil Technologies Ltd Buyback. Record date, buyback open and close dates are announce in below section.
| Buyback Type: | Tender Offer |
| Buyback Offer Amount: | Rs 40.28 Cr |
| Buyback Number of Shares: | 2.51 lakhs |
| Buyback Price: | Rs 1605 |
| Buyback Offer Size (In %): | 4.74% |
| Total Share Capital: | RS 850.13 Cr |
| Face Value: | 10 Per Equity Share |
Can I Invest today to participate in Savita Oil Technologies Ltd buyback offer? No
We advocate honest for Savita Oil Technologies buyback as official acceptance ratio for the retail investors are going to be between 10 to 20% (Ten to Twenty Percent) and actual acceptance ration is going to be between 70 to 90%. We tend to rate Savita Oil Technologies buyback as 3.5/5 (Good).
Making a resonable amount of profit is possible in Savita Oil Technologies buyback for a new retail investor. With referance to current market price buyback price is up by 15% (Approx).
In this section we have covered all important dates related to Savita Oil Technologies 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.
| Buyback Activity | Date |
|---|---|
| Board Meeting for Buyback proposal | 28th May 2019 |
| Buyback Approval date | 28th May 2019 |
| Public Announcement of Buyback | 28th May 2019 |
| Record Date | 12th Jun 2019 |
| Buyback opens on/Buyback Opening Date | 16th Jul 2019 |
| Buyback closes on/Buyback Closing Date | 29th Jul 2019 |
| Cut-off date to receive completed tender forms by Registrar | 31st Jul 2019 |
| Cut-off date for verification by the Registrar | 2nd Aug 2019 |
| Cut-off date to inform Stock Exchange on acceptance or non-acceptance
of tendered Equity Shares by Registrar |
6th Aug 2019 |
| Last date of settlement of bids on the stock exchange | 7th Aug 2019 |
| Last date to return unaccepted shares by Registrar | 7th Aug 2019 |
| Last date of extinguishment of Equity Shares | 14th Aug 2019 |
Stock Holding table gives a clear picture on retail investor holdings of Savita Oil Technologies 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 | 0.0% |
| Promoter-Indian | 71.63% |
| Non-Promoter-Institutions | 15.47% |
| Non-Promoter-Non-Institutions | 12.90 |
Savita Oil Technologies Ltd Draft Letter of Offer >>Document
Savita Oil Technologies Ltd Letter of Offer >>Document
Savita Oil Technologies Ltd Post Buyback Public Announcement >>Document
| Category | Entitlement Ratio of Buyback Per Equity Shares | Entitlement Ratio of Buyback in % |
|---|---|---|
| Reserved Category | 3 Equity Share out of every 23 fully paid-up Equity Share held on the Record Date. | 13.07 |
| General Category | 1 Equity Share out of every 66 fully paid-up Equity Share held on the Record Date. | 1.52% |
For Savita Oil Technologies Ltd Buyback Offer, Report updated by the manager of buyback -
In general category - response received 4921.39%, No. of Equity Shares reserved in Buyback was 213350 where valid bid received for retail category was 10499790 which is 4921.39% oversubscribed.
In Reserved category for Small Shareholders (Retail) - response received only 329.51%, No. of Equity Shares reserved in Buyback was 37650 where valid bid received for retail category was 124060 which is 329.51%. Final Acceptance Ratio for Retail Investors was 13.07%.
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
Savita Oil Technologies 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 Savita Oil Technologies Ltd? How can I apply in Savita Oil Technologies Ltd Buyback offer?Last Updated on 2019-08-26T22:59:17+00:00
