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| Title | Detail |
|---|---|
| Company Name: | Technocraft Industries (India) Limited |
| Buyback Type: | Tender Offer |
| Offer Amount: | ₹150.00Cr |
| Buyback Number of Shares: | 15,00,000 |
| Buyback Price: | 1000 |
| Approx Entry Price: | 908.45 |
| Promoters In: | Y |
| Record Date: | 30-12-2022 |
| Buyback Open Date: | 01-02-2023 |
| Buyback Close Date: | 14-02-2023 |
| Payment Date: | 21-02-2023 |
| Record Date Price: | - |
| Maximum Retail Quantity: | - |
| Draft Letter of Offer: | Draft Letter of Offer |
| Letter of Offer: | - |
| Acceptance Ratio Retail: | 33 Equity Share out of every 83 Fully paid-up Equity Shares held on the Record Date. |
| Acceptance Ratio Retail %: | 39.76 |
| Acceptance Ratio General: | 31 Equity Share out of every 581 Fully paid-up Equity Shares held on the Record Date. |
| Acceptance Ratio General %: | 5.34 |
| Final Acceptance Ratio %: | - |
The Record Date for Technocraft Industries (India) Limited Buyback offer is 30th Dec 2022
Which means you should hold the Technocraft Industries (India) Limited share in your demat account by closing session of 30th Dec 2022. Share purchased on and before (30th Dec 2022) - 2 business days will be available in your demat account by 30th Dec 2022.
Its all depend on acceptance ratio which usually announce with Letter of Offer. Lets assume if you have Technocraft Industries (India) Limited shares at ₹908.45 and buyback offer price is ₹1000, you can get ₹91.54999999999995 per accepted share. If you hold 220 shares of Technocraft Industries (India) Limited and if proportionate acceptance is between 33% and 50%, in such case you are eligible to sell your 73 to 110 shares with the gain from buyback of ₹6683 to ₹10070.
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.
| % Share Accepted | No of Shared Accepted | Gain from Buyback Offer |
|---|---|---|
| 33% | 73 | ₹6683 |
| 50% | 110 | ₹10070 |
| 75% | 165 | ₹15106 |
| 100% | 220 | ₹20141 |
Steps to participate in Technocraft Industries (India) Limited buyback:
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 Technocraft Industries (India) Limited: 1st Feb 2023
Buyback closing date for Technocraft Industries (India) Limited: 14th Feb 2023
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 21st Feb 2023.
Buyback opening date for Technocraft Industries (India) Limited: 1st Feb 2023
Buyback closing date for Technocraft Industries (India) Limited: 14th Feb 2023
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 .
