S H Kelkar and Company Limited Buyback 2021

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The summary report of S H Kelkar and Company Limited buyback contains overview, record date, tender dates, buyback size, buyback price, approx entry level for new investors, date of xtinguishment of Equity Shares, Entitlement Ratio for retail and general category

S H Kelkar and Company Limited Buyback

Title	Detail
Company Name:	S H Kelkar and Company Limited
Buyback Type:	Tender Offer
Total Share Capital:	-
Offer Amount:	Rs 60.90 Cr
Offer Size:	-
Buyback Number of Shares:	29 lakhs
Buyback Price:	210
Approx Entry Price:	148
Promoters In:	Y
Buyback Approval Date:	01-11-2021
Record Date:	12-11-2021
Open Date:	14-12-2021
Close Date:	27-12-2021
Payment Date:	TBD
Record Date Price:	-
Maximum Retail Quantity:	-
Draft Letter of Offer:	-
Letter of Offer:	-
Acceptance Ratio Retail:	-
Acceptance Ratio Retail %:	-
Acceptance Ratio General:	-
Acceptance Ratio General %:	-

FAQs

The Record Date for S H Kelkar and Company Limited Buyback offer is 12th Nov 2021

Which means you should hold the S H Kelkar and Company Limited share in your demat account by closing session of 12th Nov 2021. Share purchased on and before (12th Nov 2021) - 2 business days will be available in your demat account by 12th Nov 2021.

Its all depend on acceptance ratio which usually announce with Letter of Offer. Lets assume if you have S H Kelkar and Company Limited shares at ₹148 and buyback offer price is ₹210, you can get ₹62 per accepted share. If you hold 1351 shares of S H Kelkar and Company Limited and if proportionate acceptance is between 33% and 50%, in such case you are eligible to sell your 446 to 676 shares with the gain from buyback of ₹27652 to ₹41912.

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.

S H Kelkar and Company Limited Buyback Profit Calculation

% Share Accepted	No of Shared Accepted	Gain from Buyback Offer
33%	446	₹27652
50%	676	₹41912
75%	1013	₹62806
100%	1351	₹83762

Steps to participate in S H Kelkar and Company Limited buyback:

On Record date (12th Nov 2021) you must have share of S H Kelkar and Company 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.
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.
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 S H Kelkar and Company Limited: 14th Dec 2021

Buyback closing date for S H Kelkar and Company Limited: 27th Dec 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 Not Yet Announced.

Buyback opening date for S H Kelkar and Company Limited: 14th Dec 2021

Buyback closing date for S H Kelkar and Company Limited: 27th Dec 2021

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S H Kelkar and Company Limited Buyback 2021