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SJVN Ltd. Buyback Offer Jan 2018

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Incorporated in 1988, SJVN Ltd (BSE Code:533206;NSE:SJVN, Satluj Jal Vidyut Nigam Ltd) is a hydroelectric power generation company. The Company has approx 1,500 MW hydroelectric power generation capacity which is the largest in India. Processing unit is on the Sutlej River in the state of Himachal Pradesh.

What is the SJVN Ltd share buyback offer?

Jan 4,2018 - SJVN Ltd Board is going to consider a share buyback in board meeting which is planned on Monday Jan 08,2018.

Jan 08,2018 - SJVN Ltd. (BSE Code:533206;NSE:SJVN) board has approved a proposal for buyback of up to 20.68 Cr shares at Rs 38.75 per share, aggregating Rs 801.47 crore which is approx 5% of the total paid-up equity capital.

What is SJVN Ltd Buyback details?

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

Buyback Type: Tender Offer
Buyback Offer Amount: Rs 801.47 Cr
Buyback Number of Shares: 20.68 Cr
Buyback Price: Rs 38.75
Buyback Offer Size (In %): 5%
Total Share Capital: Rs 15,905.33 Cr
Face Value: 10 Per Equity Share

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

What are SJVN Ltd Buyback Important Dates?

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

SJVN Ltd buyback offer important dates
Buyback Activity Date
Board Meeting for Buyback proposal 8th Jan 2018
Buyback Approval date 8th Jan 2018
Public Announcement of Buyback 8th Jan 2018
Record Date 18th Jan 2018
Buyback opens on/Buyback Opening Date 14th Feb 2018
Buyback closes on/Buyback Closing Date 28th Feb 2018
Cut-off date to receive completed tender forms by Registrar
Cut-off date for verification by the Registrar 5th Mar 2018
Cut-off date to inform Stock Exchange on acceptance or non-acceptance
of tendered Equity Shares by Registrar
9th Mar 2018
Last date of settlement of bids on the stock exchange 12th Mar 2018
Last date to return unaccepted shares by Registrar 12th Mar 2018
Last date of extinguishment of Equity Shares 19th Mar 2018

SJVN Ltd Share Holding Pattern as of Sep-2017

Stock Holding table gives a clear picture on retail investor holdings of SJVN 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 89.97%
Non-Promoter-Institutions 6.05%
Non-Promoter-Non-Institutions 3.98%

SJVN 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 35.40 per equity share - in such case Max 5649 Equity Shares as of Record Date 18th Jan 2018.
  • General category for all Shareholders other than Small Shareholders ("General Category")

SJVN Ltd Ratio of Buy Back

Category Entitlement Ratio of Buyback Per Equity Shares Entitlement Ratio of Buyback in %
Reserved Category 27 Equity Share out of every 61 fully paid-up Equity Share held on the Record Date. 44.26
General Category 23 Equity Share out of every 532 fully paid-up Equity Share held on the Record Date. 4.32%

Post buyback comments SJVN Ltd

For SJVN Ltd Buyback Offer, Report updated by the manager of buyback -

In general category - response received 176.38%, No. of Equity Shares reserved in Buyback was 175806626 where valid bid received for retail category was 310093055 which is 176.38% oversubscribed.

In Reserved category for Small Shareholders (Retail) - response received only 71.15%, No. of Equity Shares reserved in Buyback was 31024699 where valid bid received for retail category was 22072566 which is 71.15%. Final Acceptance Ratio for Retail Investors was 100%.

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
Tanla Platforms LtdTender OfferRs 170 Cr1200819.00 (0.44%)25-10-2022TBDTBD
Garware Technical Fibres LtdTender OfferRs 90 Cr37504-11-2022TBDTBD
Orbit Exports LimitedTender OfferRs 10 Cr245140.55 (0.14%)18-11-2022TBDTBD
KRBL LimitedTender Offer₹325.00Cr500277.50 (-1.65%)25-08-2023TBDTBD
Dwarikesh Sugar Industries LimitedTender Offer₹31.50Cr10569.50 (-5.61%)20-03-202427-03-202403-04-2024
Garware Technical Fibres LimitedTender Offer₹199.50Cr38003323.25 (2.01%)26-03-202401-04-202405-04-2024
Freshtrop Fruits LimitedTender Offer₹33.69Cr175165.15 (0.76%)02-04-2024TBDTBD

Detail Article on Benefit from buyback offer >> Read

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

Company Contact Information

SJVN Corporate Office Complex,
Shanan,
Shimla,Himachal Pradesh,Pin Code-171006
Tel. No.177-2660075
http://www.sjvn.nic.in

Registrar Contact Information

Alankit Assignment Ltd.
4E/2, Jhandewalan Extension
New Delhi - 110055
Delhi
http://www.alankit.com

Last Updated on 2018-10-25T03:57:47+00:00

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