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June 21th, 2019:Star Cement Limited (BSE:540575 | NSE:STARCEMENT) board has approved a proposal for purchase of up to 68 lakh shares at Rs 150 per share, aggregating Rs 102 Cr (Buyback Offer Size) that is 9.76% of total paid equity share capital.
Below is the complete details about Star Cement Limited Buyback. Record date, buyback open and close dates are announce in below section.
| Buyback Type: | Tender Offer |
| Buyback Offer Amount: | Rs 102 Cr |
| Buyback Number of Shares: | 68 Lakhs |
| Buyback Price: | Rs 150 |
| Buyback Offer Size (In %): | 9.76% |
| Total Share Capital: | Rs 3915.60 Cr |
| Face Value: | 2 Per Equity Share |
Can I Invest today to participate in Star Cement Limited buyback offer? No
We advocate honest for Star Cement buyback as official acceptance ratio for the retail investors are going to be between 20 to 30% and actual acceptance ration is going to be 40% to 50%. We tend to rate Star Cement buyback as 3/5 (Average).
Making a resonable amount of profit is possible in Star Cement buyback for a new retail investor. With referance to current market price buyback price is up by 20% (Approx).
In this section we have covered all important dates related to Star Cement 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 | 21st Jun 2019 |
| Buyback Approval date | 25th Jun 2019 |
| Public Announcement of Buyback | 25th Jun 2019 |
| Record Date | 5th Jul 2019 |
| Buyback opens on/Buyback Opening Date | 22nd Oct 2019 |
| Buyback closes on/Buyback Closing Date | 5th Nov 2019 |
| Cut-off date to receive completed tender forms by Registrar | 7th Nov 2019 |
| Cut-off date for verification by the Registrar | 13th Nov 2019 |
| Cut-off date to inform Stock Exchange on acceptance or non-acceptance
of tendered Equity Shares by Registrar |
14th Nov 2019 |
| Last date of settlement of bids on the stock exchange | 15th Nov 2019 |
| Last date to return unaccepted shares by Registrar | 15th Nov 2019 |
| Last date of extinguishment of Equity Shares | 22nd Nov 2019 |
Stock Holding table gives a clear picture on retail investor holdings of Star Cement 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 | 67.94% |
| Non-Promoter-Institutions | 10.28% |
| Non-Promoter-Non-Institutions | 21.78% |
Star Cement Limited Public Announcement >>Document
Star Cement Limited Draft Letter of Offer >>Document
Star Cement Limited Letter of Offer >>Document
Star Cement Limited Post Buyback Public Announcement >>Document
| Category | Entitlement Ratio of Buyback Per Equity Shares | Entitlement Ratio of Buyback in % |
|---|---|---|
| Reserved Category | 9 Equity Share out of every 31 fully paid-up Equity Share held on the Record Date. | 29.03 |
| General Category | 1 Equity Share out of every 72 fully paid-up Equity Share held on the Record Date. | 1.39% |
For Star Cement Limited Buyback Offer, Report updated by the manager of buyback -
In general category - response received 727.51, No. of Equity Shares reserved in Buyback was 5780000 where valid bid received for retail category was 42050268 which is 727.51 oversubscribed.
In Reserved category for Small Shareholders (Retail) - response received only 109.41, No. of Equity Shares reserved in Buyback was 1020000 where valid bid received for retail category was 1116000 which is 109.41. 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 | 931.65 (-1.06%) | 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 | 164.70 (0.61%) | 18-11-2022 | TBD | TBD | KRBL Limited | Tender Offer | ₹325.00Cr | 500 | 290.95 (-1.59%) | 25-08-2023 | TBD | TBD | Tips Industries Limited | Tender Offer | ₹37.19Cr | 625 | 459.65 (-0.45%) | 22-04-2024 | TBD | TBD |
Detail Article on Benefit from buyback offer >> Read
Star Cement 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 Star Cement Limited? How can I apply in Star Cement Limited Buyback offer?Last Updated on 2019-11-20T22:08:55+00:00
