Ad www.AngelOne.in
FREE Account Opening + Zero AMC Fees* + MutualFund SIP1
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
Ad www.AngelOne.in
| Title | Detail |
|---|---|
| Company Name: | Weizmann Limited |
| Buyback Type: | Tender Offer |
| Total Share Capital: | - |
| Offer Amount: | Rs 8.48 lakhs |
| Offer Size: | - |
| Buyback Number of Shares: | 14.12 lakhs |
| Buyback Price: | 60 |
| Approx Entry Price: | 54 |
| Promoters In: | Y |
| Buyback Approval Date: | 30-11-2021 |
| Record Date: | 10-12-2021 |
| Open Date: | 13-01-2022 |
| Close Date: | 27-01-2022 |
| Payment Date: | 07-02-2022 |
| Record Date Price: | 32.40 |
| Maximum Retail Quantity: | 3205 |
| Draft Letter of Offer: | Draft Letter of Offer |
| Letter of Offer: | Letter of Offer |
| Acceptance Ratio Retail: | 35 Equity Shares out of every 284 fully paid-up Equity Shares held on the Record Date |
| Acceptance Ratio Retail %: | 12.32 |
| Acceptance Ratio General: | 43 Equity Shares out of every 557 fully paid-up Equity Shares held on the Record Date. |
| Acceptance Ratio General %: | 7.72 |
| Final Acceptance Ratio %: | 100% |
The Record Date for Weizmann Limited Buyback offer is 10th Dec 2021
Which means you should hold the Weizmann Limited share in your demat account by closing session of 10th Dec 2021. Share purchased on and before (10th Dec 2021) - 2 business days will be available in your demat account by 10th Dec 2021.
Its all depend on acceptance ratio which usually announce with Letter of Offer. Lets assume if you have Weizmann Limited shares at ₹54 and buyback offer price is ₹60, you can get ₹6 per accepted share. If you hold 3704 shares of Weizmann Limited and if proportionate acceptance is between 33% and 50%, in such case you are eligible to sell your 1222 to 1852 shares with the gain from buyback of ₹7332 to ₹11112.
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% | 1222 | ₹7332 |
| 50% | 1852 | ₹11112 |
| 75% | 2778 | ₹16668 |
| 100% | 3704 | ₹22224 |
Steps to participate in Weizmann 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 Weizmann Limited: 13th Jan 2022
Buyback closing date for Weizmann Limited: 27th Jan 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 7th Feb 2022.
Buyback opening date for Weizmann Limited: 13th Jan 2022
Buyback closing date for Weizmann Limited: 27th Jan 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 .
