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| Title | Detail |
|---|---|
| Company Name: | Mahalaxmi Rubtech Limited |
| Buyback Type: | Tender Offer |
| Total Share Capital: | - |
| Offer Amount: | Rs 18.90 Cr |
| Offer Size: | 20.27% |
| Buyback Number of Shares: | 27 lakhs |
| Buyback Price: | 70 |
| Approx Entry Price: | 63.35 |
| Promoters In: | Y |
| Buyback Approval Date: | 16-08-2021 |
| Record Date: | 27-08-2021 |
| Open Date: | 29-09-2021 |
| Close Date: | 12-10-2021 |
| Payment Date: | 25-10-2021 |
| Record Date Price: | - |
| Maximum Retail Quantity: | - |
| Draft Letter of Offer: | Draft Letter of Offer |
| Letter of Offer: | Letter of Offer |
| Acceptance Ratio Retail: | - |
| Acceptance Ratio Retail %: | - |
| Acceptance Ratio General: | - |
| Acceptance Ratio General %: | - |
The Record Date for Mahalaxmi Rubtech Limited Buyback offer is 27th Aug 2021
Which means you should hold the Mahalaxmi Rubtech Limited share in your demat account by closing session of 27th Aug 2021. Share purchased on and before (27th Aug 2021) - 2 business days will be available in your demat account by 27th Aug 2021.
Its all depend on acceptance ratio which usually announce with Letter of Offer. Lets assume if you have Mahalaxmi Rubtech Limited shares at ₹63.35 and buyback offer price is ₹70, you can get ₹6.649999999999999 per accepted share. If you hold 3157 shares of Mahalaxmi Rubtech Limited and if proportionate acceptance is between 33% and 50%, in such case you are eligible to sell your 1042 to 1578 shares with the gain from buyback of ₹6929 to ₹10494.
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% | 1042 | ₹6929 |
| 50% | 1578 | ₹10494 |
| 75% | 2368 | ₹15747 |
| 100% | 3157 | ₹20994 |
Steps to participate in Mahalaxmi Rubtech Limited 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 Mahalaxmi Rubtech Limited: 29th Sep 2021
Buyback closing date for Mahalaxmi Rubtech Limited: 12th Oct 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 25th Oct 2021.
Buyback opening date for Mahalaxmi Rubtech Limited: 29th Sep 2021
Buyback closing date for Mahalaxmi Rubtech Limited: 12th Oct 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 .
