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Star Cement Buyback 2021


The summary report of Star Cement 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

Star Cement Limited Buyback

TitleDetail
Company Name:Star Cement Limited
Buyback Type:Tender Offer
Total Share Capital:-
Offer Amount:Rs 123.72 Cr
Offer Size:2%
Buyback Number of Shares:82.48 lakhs
Buyback Price:150
Approx Entry Price:108
Promoters In:-
Buyback Approval Date:-
Record Date:26-08-2021
Open Date:22-09-2021
Close Date:05-10-2021
Payment Date:14-10-2021
Record Date Price:108.30
Maximum Retail Quantity:1847
Draft Letter of Offer:-
Letter of Offer:-
Acceptance Ratio Retail:6 Equity Share out of every 47 fully paid-up Equity Share held on the Record Date.
Acceptance Ratio Retail %:12.77
Acceptance Ratio General:2 Equity Share out of every 115 fully paid-up Equity Share held on the Record Date.
Acceptance Ratio General %:1.73%

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FAQs

The Record Date for Star Cement Limited Buyback offer is 26th Aug 2021

Which means you should hold the Star Cement Limited share in your demat account by closing session of 26th Aug 2021. Share purchased on and before (26th Aug 2021) - 2 business days will be available in your demat account by 26th Aug 2021.

 

Its all depend on acceptance ratio which usually announce with Letter of Offer. Lets assume if you have Star Cement Limited shares at ₹108 and buyback offer price is ₹150, you can get ₹42 per accepted share. If you hold 1852 shares of Star Cement Limited and if proportionate acceptance is between 33% and 50%, in such case you are eligible to sell your 611 to 926 shares with the gain from buyback of ₹25662 to ₹38892.

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.

Star Cement Limited Buyback Profit Calculation

% Share AcceptedNo of Shared AcceptedGain from Buyback Offer
33%611₹25662
50%926₹38892
75%1389₹58338
100%1852₹77784

 

Steps to participate in Star Cement Limited buyback:

  1. On Record date (26th Aug 2021) you must have share of Star Cement 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 Star Cement Limited: 22nd Sep 2021

Buyback closing date for Star Cement Limited: 5th 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 14th Oct 2021.

 

Buyback opening date for Star Cement Limited: 22nd Sep 2021

Buyback closing date for Star Cement Limited: 5th 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 .

 


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