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AksharChem (India) Ltd Buyback 2021


The summary report of AksharChem (India) Ltd. buyback contains overview, record date, tender dates, buyback size, buyback price, approx entry level for new investors, date of xtinguishment of Equity Shares, Entitlement Ratio for retail and general category

AksharChem (India) Ltd. Buyback

TitleDetail
Company Name:AksharChem (India) Ltd.
Buyback Type:Tender Offer
Total Share Capital:Rs 351 Cr
Offer Amount:Rs 10 Cr
Offer Size:-
Buyback Number of Shares:1.69 lakhs
Buyback Price:590
Approx Entry Price:460
Promoters In:Y
Buyback Approval Date:29-10-2021
Record Date:12-11-2021
Open Date:08-12-2021
Close Date:21-12-2021
Payment Date:30-12-2021
Record Date Price:485.50
Maximum Retail Quantity:411
Draft Letter of Offer:Draft Letter of Offer
Letter of Offer:Letter of Offer
Acceptance Ratio Retail:13 Equity Shares out of every 563 fully paid-up Equity Shares held on the Record Date.
Acceptance Ratio Retail %:2.30%
Acceptance Ratio General:17 Equity Shares out of every 838 fully paid-up Equity Shares held on the Record Date
Acceptance Ratio General %:2.03%

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FAQs

The Record Date for AksharChem (India) Ltd. Buyback offer is 12th Nov 2021

Which means you should hold the AksharChem (India) Ltd. share in your demat account by closing session of 12th Nov 2021. Share purchased on and before (12th Nov 2021) - 2 business days will be available in your demat account by 12th Nov 2021.

 

Its all depend on acceptance ratio which usually announce with Letter of Offer. Lets assume if you have AksharChem (India) Ltd. shares at ₹460 and buyback offer price is ₹590, you can get ₹130 per accepted share. If you hold 435 shares of AksharChem (India) Ltd. and if proportionate acceptance is between 33% and 50%, in such case you are eligible to sell your 144 to 218 shares with the gain from buyback of ₹18720 to ₹28340.

The percentage of proportionate acceptance varies from company to company. This percentage can be also 100% which means that company buys all of your shares.

AksharChem (India) Ltd. Buyback Profit Calculation

% Share AcceptedNo of Shared AcceptedGain from Buyback Offer
33%144₹18720
50%218₹28340
75%326₹42380
100%435₹56550

 

Steps to participate in AksharChem (India) Ltd. buyback:

  1. On Record date (12th Nov 2021) you must have share of AksharChem (India) Ltd. in your demat account/physical form. Depositing of share in your DP account usually take T+2 days, so you need to plan your buying accordingly.
  2. After that company announces buyback open and close window, so you need to tender your share in buyback process. You can do this online or contact your broker to tender your share in buyback, so he can place a request on your behalf.
  3. Next step is with registrar - depend on buyback acceptance ratio, your shares will be sold in buyback process and fund will directly debited in your bank account. Any rejected share will be revert in your demat account which you can sell in open market or hold for long term gain.

 

Share holders who hold less than 2 lakh worth of shares are consider in Retail Category. All others will consider in General Category. Last trading price on record date will be used to calculate the eligibility criteria.

 

Buyback opening date for AksharChem (India) Ltd.: 8th Dec 2021

Buyback closing date for AksharChem (India) Ltd.: 21st Dec 2021

This is the window when you need to submit your application for proposal for share buyback. If you are submitting tender forms or submitting physical share certificates, it must reach to registrar by .

 

As this is a buyback tender offer, shares are accepted in proportionate basis. Proportionate acceptance / rejection will be returned back to the eligible shareholders directly by the Registrar on or before 30th Dec 2021.

 

Buyback opening date for AksharChem (India) Ltd.: 8th Dec 2021

Buyback closing date for AksharChem (India) Ltd.: 21st Dec 2021

This is the window when you need to submit your application for proposal for share buyback. If you are submitting tender forms or submitting physical share certificates, it must reach to registrar by .

 


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