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| Title | Detail |
|---|---|
| Company Name: | Asahi Songwon Colors Ltd |
| Buyback Type: | Tender Offer |
| Total Share Capital: | 354 Cr |
| Offer Amount: | Rs 9.60 Cr |
| Offer Size: | 3.80% |
| Buyback Number of Shares: | 2.40 lakhs |
| Buyback Price: | 400 |
| Approx Entry Price: | 290 |
| Promoters In: | Y |
| Buyback Approval Date: | 19-05-2022 |
| Record Date: | 03-06-2022 |
| Open Date: | 22-06-2022 |
| Close Date: | 05-07-2022 |
| Payment Date: | 13-07-2022 |
| Record Date Price: | 301 |
| Maximum Retail Quantity: | 664 |
| Draft Letter of Offer: | Draft Letter of Offer |
| Letter of Offer: | Letter of Offer |
| Acceptance Ratio Retail: | 4 Equity Shares out of every 119 Equity Shares held on the Record Date |
| Acceptance Ratio Retail %: | 3.36% |
| Acceptance Ratio General: | 17 Equity Shares out of every 913 Equity Shares held on the Record Date |
| Acceptance Ratio General %: | 1.87% |
| Final Acceptance Ratio %: | - |
The Record Date for Asahi Songwon Colors Ltd Buyback offer is 3rd Jun 2022
Which means you should hold the Asahi Songwon Colors Ltd share in your demat account by closing session of 3rd Jun 2022. Share purchased on and before (3rd Jun 2022) - 2 business days will be available in your demat account by 3rd Jun 2022.
Its all depend on acceptance ratio which usually announce with Letter of Offer. Lets assume if you have Asahi Songwon Colors Ltd shares at ₹290 and buyback offer price is ₹400, you can get ₹110 per accepted share. If you hold 690 shares of Asahi Songwon Colors Ltd and if proportionate acceptance is between 33% and 50%, in such case you are eligible to sell your 228 to 345 shares with the gain from buyback of ₹25080 to ₹37950.
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.
| % Share Accepted | No of Shared Accepted | Gain from Buyback Offer |
|---|---|---|
| 33% | 228 | ₹25080 |
| 50% | 345 | ₹37950 |
| 75% | 518 | ₹56980 |
| 100% | 690 | ₹75900 |
Steps to participate in Asahi Songwon Colors Ltd buyback:
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 Asahi Songwon Colors Ltd: 22nd Jun 2022
Buyback closing date for Asahi Songwon Colors Ltd: 5th Jul 2022
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 13th Jul 2022.
Buyback opening date for Asahi Songwon Colors Ltd: 22nd Jun 2022
Buyback closing date for Asahi Songwon Colors Ltd: 5th Jul 2022
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 .
