TopShareBrokers.com Logo
FREE Account Opening + Lifetime Free Demat AMC*
Loading...

S.P. Apparels Buyback Oct 2022


S.P. Apparels Ltd (BSE:540048, NSE:SPAL) is taking shares from investors via Buyback Offer. Do you wish to tender your shares for S.P. Apparels Buyback Oct 2022? The company has announced a buyback price of Rs 585. Buyback Announced on TBD, the Record Date for the eligible investor is 07-10-2022.

S.P. Apparels Ltd Buyabck Tender process starts from 03-11-2022 and end on 17-11-2022.

Acceptation Ratio for retail investor (Holding Shares worth of less than Rs 2 Lakhs on Record date) is 7.40%%.

The summary report of S.P. Apparels 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.

S.P. Apparels Ltd Buyback

TitleDetail
Company Name:S.P. Apparels Ltd
Buyback Type:Tender Offer
Total Share Capital:1,097.84
Offer Amount:0.06 Cr
Offer Size:2.34%
Buyback Number of Shares:6 Lakh
Buyback Price:585
Approx Entry Price:427
Promoters In:Y
Buyback Approval Date:-
Record Date:07-10-2022
Open Date:03-11-2022
Close Date:17-11-2022
Payment Date:17-11-2022
Record Date Price:427.35
Maximum Retail Quantity:465
Draft Letter of Offer:Draft Letter of Offer
Letter of Offer:Letter of Offer
Acceptance Ratio Retail:2 Equity Share out of every 27 Fully paid-up Equity Shares held on the Record Date.
Acceptance Ratio Retail %:7.40%
Acceptance Ratio General:1 Equity Shares out of every 48 Fully paid-up Equity Shares held on the Record Date.
Acceptance Ratio General %:2.08%
Final Acceptance Ratio %:-

Open your account with most trusted brokers in the industry.

 Demat Account
 Demat Account
 Demat Account
 Demat Account

FAQs

The Record Date for S.P. Apparels Ltd Buyback offer is 7th Oct 2022

Which means you should hold the S.P. Apparels Ltd share in your demat account by closing session of 7th Oct 2022. Share purchased on and before (7th Oct 2022) - 2 business days will be available in your demat account by 7th Oct 2022.

 

Its all depend on acceptance ratio which usually announce with Letter of Offer. Lets assume if you have S.P. Apparels Ltd shares at ₹427 and buyback offer price is ₹585, you can get ₹158 per accepted share. If you hold 468 shares of S.P. Apparels Ltd and if proportionate acceptance is between 33% and 50%, in such case you are eligible to sell your 154 to 234 shares with the gain from buyback of ₹24332 to ₹36972.

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.P. Apparels Ltd Buyback Profit Calculation

% Share AcceptedNo of Shared AcceptedGain from Buyback Offer
33%154₹24332
50%234₹36972
75%351₹55458
100%468₹73944

 

Steps to participate in S.P. Apparels Ltd buyback:

  1. On Record date (7th Oct 2022) you must have share of S.P. Apparels 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 S.P. Apparels Ltd: 3rd Nov 2022

Buyback closing date for S.P. Apparels Ltd: 17th Nov 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 17th Nov 2022.

 

Buyback opening date for S.P. Apparels Ltd: 3rd Nov 2022

Buyback closing date for S.P. Apparels Ltd: 17th Nov 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 .

 


User Reviews

No feedback found for this broker. Be the first to post the review.