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Weizmann Limited Buyback 2021


Weizmann Limited (BSE:523011, NSE:WEIZMANIND) is taking shares from investors via Buyback Offer. Do you wish to tender your shares for Weizmann Limited Buyback 2021? The company has announced a buyback price of Rs 60. Buyback Announced on 30-11-2021, the Record Date for the eligible investor is 10-12-2021.

Weizmann Limited Buyabck Tender process starts from 13-01-2022 and end on 27-01-2022.

Acceptation Ratio for retail investor (Holding Shares worth of less than Rs 2 Lakhs on Record date) is 12.32%.

The summary report of Weizmann Limited 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.

Weizmann Limited Buyback

TitleDetail
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:-
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%

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FAQs

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.

Weizmann Limited Buyback Profit Calculation

% Share AcceptedNo of Shared AcceptedGain from Buyback Offer
33%1222₹7332
50%1852₹11112
75%2778₹16668
100%3704₹22224

 

Steps to participate in Weizmann Limited buyback:

  1. On Record date (10th Dec 2021) you must have share of Weizmann 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 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 .

 


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