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Asahi Songwon Colors Ltd Buyback 2022


Asahi Songwon Colors Ltd (BSE:532853, NSE:ASAHISONG) is taking shares from investors via Buyback Offer. Do you wish to tender your shares for Asahi Songwon Colors Ltd Buyback 2022? The company has announced a buyback price of Rs 400. Buyback Announced on 19-05-2022, the Record Date for the eligible investor is 03-06-2022.

Asahi Songwon Colors Ltd Buyabck Tender process starts from 22-06-2022 and end on 05-07-2022.

Acceptation Ratio for retail investor (Holding Shares worth of less than Rs 2 Lakhs on Record date) is 3.36%%.

The summary report of Asahi Songwon Colors Ltd buyback contains overview, record date, tender dates, buyback size, buyback price, approximate entry level for new investors, date of extinguishment of Equity Shares, Entitlement Ratio for retail and general category.

Asahi Songwon Colors Ltd Buyback

TitleDetail
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 %:-

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Zerodha FAQs

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.

Asahi Songwon Colors Ltd Buyback Profit Calculation

% Share AcceptedNo of Shared AcceptedGain from Buyback Offer
33%228₹25080
50%345₹37950
75%518₹56980
100%690₹75900

 

Steps to participate in Asahi Songwon Colors Ltd buyback:

  1. On Record date (3rd Jun 2022) you must have share of Asahi Songwon Colors 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 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 .

 


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