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Feb 22nd, 2019: Tulive Developers Limited (BSE:505285 | NSE:) board has approved a proposal for buyback of up to 4.80 Lakh shares at Rs 350 per share, aggregating Rs 16.80 Cr (Buyback Offer Size) which is 18.22% of total paid-up equity share capital.
Below is the complete details about Tulive Developers Limited Buyback. Record date, buyback open and close dates are announce in below section.
| Buyback Type: | Tender Offer |
| Buyback Offer Amount: | Rs 16.80 Cr |
| Buyback Number of Shares: | 4.80 Lakh |
| Buyback Price: | Rs 350 |
| Buyback Offer Size (In %): | 18.22% |
| Total Share Capital: | 63.75 Cr |
| Face Value: | 10 Per Equity Share |
Can I Invest today to participate in Tulive Developers Limited buyback offer? No
We expect Acceptance ratio between 80 to 90%, so we suggest all retail investors go for Tulive Developers Limited Buyback. The existing retail investor also tender their holding as this is the best opportunity to offload your holding on a good price.
In this section we have covered all important dates related to Tulive Developers 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 | 22nd Feb 2019 |
| Buyback Approval date | 22nd Feb 2019 |
| Public Announcement of Buyback | 22nd Feb 2019 |
| Record Date | 22nd Apr 2019 |
| Buyback opens on/Buyback Opening Date | 22nd May 2019 |
| Buyback closes on/Buyback Closing Date | 4th Jun 2019 |
| Cut-off date to receive completed tender forms by Registrar | 12th Jun 2019 |
| Cut-off date for verification by the Registrar | 13th Jun 2019 |
| Cut-off date to inform Stock Exchange on acceptance or non-acceptance
of tendered Equity Shares by Registrar |
14th Jun 2019 |
| Last date of settlement of bids on the stock exchange | 14th Jun 2019 |
| Last date to return unaccepted shares by Registrar | 14th Jun 2019 |
| Last date of extinguishment of Equity Shares | 21st Jun 2019 |
Stock Holding table gives a clear picture on retail investor holdings of Tulive Developers 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 | 74.53% |
| Non-Promoter-Institutions | 0.0% |
| Non-Promoter-Non-Institutions | 25.47% |
Tulive Developers Limited Draft Letter of Offer >>Document
Tulive Developers Limited Letter of Offer >>Document
Tulive Developers Limited Post Buyback Public Announcement >>Document
| Category | Entitlement Ratio of Buyback Per Equity Shares | Entitlement Ratio of Buyback in % |
|---|---|---|
| Reserved Category | 1 Equity Share out of every 1fully paid-up Equity Share held on the Record Date. | 100% |
| General Category | 168 Equity Share out of every 1000 fully paid-up Equity Share held on the Record Date. | 16.8% |
For Tulive Developers Limited Buyback Offer, Report updated by the manager of buyback -
In general category - response received 416.02%, No. of Equity Shares reserved in Buyback was 474560 where valid bid received for retail category was 1974268 which is 416.02% oversubscribed.
In Reserved category for Small Shareholders (Retail) - response received only 12.65%, No. of Equity Shares reserved in Buyback was 42993 where valid bid received for retail category was 5440 which is 12.65%. 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 | 985.20 (6.44%) | 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 | 169.05 (2.45%) | 18-11-2022 | TBD | TBD | KRBL Limited | Tender Offer | ₹325.00Cr | 500 | 296.25 (-0.60%) | 25-08-2023 | TBD | TBD | Tips Industries Limited | Tender Offer | ₹37.19Cr | 625 | 462.10 (0.35%) | 22-04-2024 | TBD | TBD |
Detail Article on Benefit from buyback offer >> Read
Tulive Developers 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 Tulive Developers Limited? How can I apply in Tulive Developers Limited Buyback offer?Last Updated on 2019-06-20T01:34:37+00:00
