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Orbit Exports Buyback Nov 2022


Orbit Exports Limited (BSE:512626, NSE:ORBTEXP) is taking shares from investors via Buyback Offer. Do you wish to tender your shares for Orbit Exports Buyback Nov 2022? The company has announced a buyback price of Rs 245. Buyback Announced on 04-11-2022, the Record Date for the eligible investor is 18-11-2022.

Orbit Exports Limited Buyback Tender process dates - not yet announced.

Acceptation Ratio for retail investor - not yet announced.

The summary report of Orbit Exports Limited 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.

Orbit Exports Limited Buyback

TitleDetail
Company Name:Orbit Exports Limited
Buyback Type:Tender Offer
Total Share Capital:Rs 507.41Cr
Offer Amount:Rs 10 Cr
Offer Size:-
Buyback Number of Shares:408,163
Buyback Price:245
Approx Entry Price:185
Promoters In:Y
Buyback Approval Date:04-11-2022
Record Date:18-11-2022
Open Date:TBD
Close Date:TBD
Payment Date:TBD
Record Date Price:-
Maximum Retail Quantity:-
Draft Letter of Offer:Draft Letter of Offer
Letter of Offer:-
Acceptance Ratio Retail:-
Acceptance Ratio Retail %:-
Acceptance Ratio General:-
Acceptance Ratio General %:-
Final Acceptance Ratio %:-

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FAQs

The Record Date for Orbit Exports Limited Buyback offer is 18th Nov 2022

Which means you should hold the Orbit Exports Limited share in your demat account by closing session of 18th Nov 2022. Share purchased on and before (18th Nov 2022) - 2 business days will be available in your demat account by 18th Nov 2022.

 

Its all depend on acceptance ratio which usually announce with Letter of Offer. Lets assume if you have Orbit Exports Limited shares at ₹185 and buyback offer price is ₹245, you can get ₹60 per accepted share. If you hold 1081 shares of Orbit Exports Limited and if proportionate acceptance is between 33% and 50%, in such case you are eligible to sell your 357 to 540 shares with the gain from buyback of ₹21420 to ₹32400.

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.

Orbit Exports Limited Buyback Profit Calculation

% Share AcceptedNo of Shared AcceptedGain from Buyback Offer
33%357₹21420
50%540₹32400
75%811₹48660
100%1081₹64860

 

Steps to participate in Orbit Exports Limited buyback:

  1. On Record date (18th Nov 2022) you must have share of Orbit Exports Limited 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 Orbit Exports Limited: Not Yet Announced

Buyback closing date for Orbit Exports Limited: Not Yet Announced

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 Not Yet Announced.

 

Buyback opening date for Orbit Exports Limited: Not Yet Announced

Buyback closing date for Orbit Exports Limited: Not Yet Announced

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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