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Incorporated in 1975, Balrampur Chini Mills Ltd is one of the India's largest integrated sugar manufacturing companies.Company also have Alcohol and generation and selling of power business.Company have 10 Sugar factories located in U.P.
For more detail about Feb 2018 - link.
For more detail about Apr 2019 - link.
June 24th, 2020: Balrampur Chini Mills Ltd (BSE:500038 | NSE:BALRAMCHIN) board has approved a proposal for buyback of up to 1 Cr shares at Rs 180 per share, aggregating Rs 180 Cr (Buyback Offer Size) which is 4.55% of total paid-up equity share capital.
Below is the complete details about Balrampur Chini Mills Ltd Buyback. Record date, buyback open and close dates are announce in below section.
| Buyback Type: | Tender Offer |
| Buyback Offer Amount: | ₹180 Cr |
| Buyback Number of Shares: | 1 Cr |
| Buyback Price: | Rs 180 |
| Buyback Offer Size (In %): | 4.55% |
| Total Share Capital: | ₹2,828.10 Cr |
| Face Value: | 1 Per Equity Share |
Can I Invest today to participate in Balrampur Chini Mills Ltd buyback offer? No
In this section we have covered all important dates related to Balrampur Chini Mills Ltd Buyback. Dates are updated as they are announced. The most noted dates are record date and buyback open and close dates, which one should use to participate in buyback.
| Buyback Activity | Date |
|---|---|
| Board Meeting for Buyback proposal | 23rd Jun 2020 |
| Buyback Approval date | 25th Mar 2020 |
| Public Announcement of Buyback | 25th Mar 2020 |
| Record Date | 3rd Jul 2020 |
| Buyback opens on/Buyback Opening Date | 20th Jul 2020 |
| Buyback closes on/Buyback Closing Date | 31st Jul 2020 |
| Cut-off date to receive completed tender forms by Registrar | 3rd Aug 2020 |
| Cut-off date for verification by the Registrar | 10th Aug 2020 |
| Cut-off date to inform Stock Exchange on acceptance or non-acceptance
of tendered Equity Shares by Registrar |
10th Aug 2020 |
| Last date of settlement of bids on the stock exchange | 11th Aug 2020 |
| Last date to return unaccepted shares by Registrar | 11th Aug 2020 |
| Last date of extinguishment of Equity Shares | 18th Aug 2020 |
Stock Holding table gives a clear picture on retail investor holdings of Balrampur Chini Mills Ltd shares which helps investor to decide on participating in buyback offer. The less number of retail holdings means higher chance of acceptance in buyback under retail category which is equal to higher profit.
| Holding Type | In % |
|---|---|
| Promoter-Foreign | 0.0% |
| Promoter-Indian | 41.10% |
| Non-Promoter-Institutions | 35.39% |
| Non-Promoter-Non-Institutions | 23.51% |
Balrampur Chini Mills Ltd Public Announcement >>Document
Balrampur Chini Mills Ltd Draft Letter of Offer >>Document
Balrampur Chini Mills Ltd Letter of Offer >>Document
Balrampur Chini Mills Ltd Post Buyback Public Announcement >>Document
| Category | Entitlement Ratio of Buyback Per Equity Shares | Entitlement Ratio of Buyback in % |
|---|---|---|
| Reserved Category | 17 Equity Shares out of every 227 Equity Shares held on the Record Date | 7.49% |
| General Category | 19 Equity Shares out of every 447 Equity Shares held on the Record Date | 4.25% |
For Balrampur Chini Mills Ltd Buyback Offer, Report updated by the manager of buyback -
In general category - response received 736.43%, No. of Equity Shares reserved in Buyback was 85,00,000 where valid bid received for retail category was 6,25,96,714 which is 736.43% oversubscribed.
In Reserved category for Small Shareholders (Retail) - response received only 556.96%, No. of Equity Shares reserved in Buyback was 15,00,000 where valid bid received for retail category was 83,54,374 which is 556.96%. Final Acceptance Ratio for Retail Investors was 8%.
The table below will give you a complete dashboard view for all open buyback offer in current market.
| Company Name | Buyback Type | Offer Amount | Buyback Price | CMP | Record Date | Buyback Open Date | Buyback End Date |
|---|---|---|---|---|---|---|---|
| Tanla Platforms Ltd | Tender Offer | Rs 170 Cr | 1200 | 935.70 (-3.18%) | 25-10-2022 | TBD | TBD | Garware Technical Fibres Ltd | Tender Offer | Rs 90 Cr | 3750 | 4-11-2022 | TBD | TBD | Orbit Exports Limited | Tender Offer | Rs 10 Cr | 245 | 176.75 (-1.81%) | 18-11-2022 | TBD | TBD | KRBL Limited | Tender Offer | ₹325.00Cr | 500 | 295.90 (-1.10%) | 25-08-2023 | TBD | TBD | Tips Industries Limited | Tender Offer | ₹37.19Cr | 625 | 459.70 (-0.27%) | 22-04-2024 | 26-04-2024 | 03-05-2024 |
Detail Article on Benefit from buyback offer >> Read
Balrampur Chini Mills Ltd Buyback Important dates - Record Date,Buyback Start and End date. Buyback Details - Buyback Price, Buyback Offer Size, Buyback Number of Shares, Retail Investors limit. What is the record date for Balrampur Chini Mills Ltd? How can I apply in Balrampur Chini Mills Ltd Buyback offer?Last Updated on 2020-09-29T12:56:21+00:00
