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Granules India Ltd Buyback Aug 2022


Granules India Ltd (BSE:532482 , NSE:GRANULES ) is taking shares from investors via Buyback Offer. Do you wish to tender your shares for Granules India Ltd Buyback Aug 2022? The company has announced a buyback price of Rs 400. Buyback Announced on 09-08-2022, the Record Date for the eligible investor is 23-08-2022.

Granules India Ltd Buyabck Tender process starts from 27-09-2022 and end on 11-10-2022.

Acceptation Ratio for retail investor (Holding Shares worth of less than Rs 2 Lakhs on Record date) is 5%%.

The summary report of Granules India 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.

Granules India Ltd Buyback

TitleDetail
Company Name:Granules India Ltd
Buyback Type:Tender Offer
Total Share Capital:Rs 7708.25 Cr
Offer Amount:Rs 250 Cr
Offer Size:2.52%
Buyback Number of Shares:62.50 Lakh
Buyback Price:400
Approx Entry Price:320
Promoters In:Y
Buyback Approval Date:09-08-2022
Record Date:23-08-2022
Open Date:27-09-2022
Close Date:11-10-2022
Payment Date:20-10-2022
Record Date Price:306.15
Maximum Retail Quantity:-
Draft Letter of Offer:Draft Letter of Offer
Letter of Offer:Letter of Offer
Acceptance Ratio Retail:1 Equity Share out of every 20 Fully paid-up Equity Shares held on the Record Date
Acceptance Ratio Retail %:5%
Acceptance Ratio General:19 Equity Shares out of every 821 Fully paid-up Equity Shares held on the Record Date
Acceptance Ratio General %:2.31%
Final Acceptance Ratio %:-

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FAQs

The Record Date for Granules India Ltd Buyback offer is 23rd Aug 2022

Which means you should hold the Granules India Ltd share in your demat account by closing session of 23rd Aug 2022. Share purchased on and before (23rd Aug 2022) - 2 business days will be available in your demat account by 23rd Aug 2022.

 

Its all depend on acceptance ratio which usually announce with Letter of Offer. Lets assume if you have Granules India Ltd shares at ₹320 and buyback offer price is ₹400, you can get ₹80 per accepted share. If you hold 625 shares of Granules India Ltd and if proportionate acceptance is between 33% and 50%, in such case you are eligible to sell your 206 to 312 shares with the gain from buyback of ₹16480 to ₹24960.

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.

Granules India Ltd Buyback Profit Calculation

% Share AcceptedNo of Shared AcceptedGain from Buyback Offer
33%206₹16480
50%312₹24960
75%469₹37520
100%625₹50000

 

Steps to participate in Granules India Ltd buyback:

  1. On Record date (23rd Aug 2022) you must have share of Granules 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 Granules India Ltd : 27th Sep 2022

Buyback closing date for Granules India Ltd : 11th Oct 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 20th Oct 2022.

 

Buyback opening date for Granules India Ltd : 27th Sep 2022

Buyback closing date for Granules India Ltd : 11th Oct 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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