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Sarda Energy and Minerals Ltd Buyback 2022


Sarda Energy and Minerals Ltd (BSE:504614, NSE:SARDAEN) is taking shares from investors via Buyback Offer. Do you wish to tender your shares for Sarda Energy and Minerals Ltd Buyback 2022? The company has announced a buyback price of Rs 1500. Buyback Announced on 23-04-2022, the Record Date for the eligible investor is 06-05-2022.

Sarda Energy and Minerals Ltd Buyabck Tender process starts from 02-06-2022 and end on 15-06-2022.

Acceptation Ratio for retail investor (Holding Shares worth of less than Rs 2 Lakhs on Record date) is 12.27%.

The summary report of Sarda Energy and Minerals 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.

Sarda Energy and Minerals Ltd Buyback

TitleDetail
Company Name:Sarda Energy and Minerals Ltd
Buyback Type:Tender Offer
Total Share Capital:Rs 4338 Cr
Offer Amount:Rs 121.67 Cr
Offer Size:6.06%
Buyback Number of Shares:8.11 lakh
Buyback Price:1500
Approx Entry Price:1220
Promoters In:Y
Buyback Approval Date:23-04-2022
Record Date:06-05-2022
Open Date:02-06-2022
Close Date:15-06-2022
Payment Date:27-06-2022
Record Date Price:1167.15
Maximum Retail Quantity:171
Draft Letter of Offer:Draft Letter of Offer
Letter of Offer:Letter of Offer
Acceptance Ratio Retail:101 Equity Shares for every 823 Equity Share held on the Record Date
Acceptance Ratio Retail %:12.27
Acceptance Ratio General:6 Equity Shares for every 299 Equity Share held on the Record Date
Acceptance Ratio General %:2.01%
Final Acceptance Ratio %:12.27%

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Zerodha FAQs

The Record Date for Sarda Energy and Minerals Ltd Buyback offer is 6th May 2022

Which means you should hold the Sarda Energy and Minerals Ltd share in your demat account by closing session of 6th May 2022. Share purchased on and before (6th May 2022) - 2 business days will be available in your demat account by 6th May 2022.

 

Its all depend on acceptance ratio which usually announce with Letter of Offer. Lets assume if you have Sarda Energy and Minerals Ltd shares at ₹1220 and buyback offer price is ₹1500, you can get ₹280 per accepted share. If you hold 164 shares of Sarda Energy and Minerals Ltd and if proportionate acceptance is between 33% and 50%, in such case you are eligible to sell your 54 to 82 shares with the gain from buyback of ₹15120 to ₹22960.

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.

Sarda Energy and Minerals Ltd Buyback Profit Calculation

% Share AcceptedNo of Shared AcceptedGain from Buyback Offer
33%54₹15120
50%82₹22960
75%123₹34440
100%164₹45920

 

Steps to participate in Sarda Energy and Minerals Ltd buyback:

  1. On Record date (6th May 2022) you must have share of Sarda Energy and Minerals 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 Sarda Energy and Minerals Ltd: 2nd Jun 2022

Buyback closing date for Sarda Energy and Minerals Ltd: 15th Jun 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 27th Jun 2022.

 

Buyback opening date for Sarda Energy and Minerals Ltd: 2nd Jun 2022

Buyback closing date for Sarda Energy and Minerals Ltd: 15th Jun 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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