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Oct 25, 2018: BHEL (Bharat Heavy Electricals Ltd) (BSE:500103 | NSE:BHEL ) board has approved a proposal for buyback of up to 18.93 Cr shares at Rs 86 per share, aggregating Rs 1628 cr which is 5.16% of total number of paid-up equity shares capital.
Below is the complete details about Bharat Heavy Electricals Ltd Buyback. Record date, buyback open and close dates are announce in below section.
| Buyback Type: | Tender Offer |
| Buyback Offer Amount: | Rs 1628 Cr |
| Buyback Number of Shares: | 18.93 Cr |
| Buyback Price: | Rs 86 |
| Buyback Offer Size (In %): | 5.16% |
| Total Share Capital: | Rs 25,828.30 Cr |
| Face Value: | 2 Per Equity Share |
Can I Invest today to participate in Bharat Heavy Electricals Ltd buyback offer? No
Current holdings by Numbers of shares - Promoter's Holding = 63.06% = 167,183,056 Equity Shares, Public holding upto Rs.2Lacs = 4.24% = 15,55,36,808 Equity shares and Total number of Buy Back Shares = 18,93,36,645 Equity Shares.
15% are reserved for Small Shareholders (Ratail Investor) of buyback size = 2,84,00,451 Equity Shares
With this calculation current acceptance ratio for ratail investors is 16.66%, this can be change depend on holding of retail investors on Record date, but we assume it will no go below 15%.
In this section we have covered all important dates related to Bharat Heavy Electricals 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 | 25th Oct 2018 |
| Buyback Approval date | 25th Oct 2018 |
| Public Announcement of Buyback | 25th Oct 2018 |
| Record Date | 6th Nov 2018 |
| Buyback opens on/Buyback Opening Date | 13th Dec 2018 |
| Buyback closes on/Buyback Closing Date | 27th Dec 2018 |
| Cut-off date to receive completed tender forms by Registrar | 29th Dec 2018 |
| Cut-off date for verification by the Registrar | 31st Dec 2018 |
| Cut-off date to inform Stock Exchange on acceptance or non-acceptance
of tendered Equity Shares by Registrar |
4th Jan 2018 |
| Last date of settlement of bids on the stock exchange | 7th Jan 2018 |
| Last date to return unaccepted shares by Registrar | 7th Jan 2018 |
| Last date of extinguishment of Equity Shares | 14th Jan 2018 |
Stock Holding table gives a clear picture on retail investor holdings of Bharat Heavy Electricals 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 | 63.06% |
| Non-Promoter-Institutions | 31.34% |
| Non-Promoter-Non-Institutions | 5.60% |
Bharat Heavy Electricals Ltd Draft Letter of Offer >>Document
Bharat Heavy Electricals Ltd Letter of Offer >>Document
Bharat Heavy Electricals Ltd Post Buyback Public Announcement >>Document
| Category | Entitlement Ratio of Buyback Per Equity Shares | Entitlement Ratio of Buyback in % |
|---|---|---|
| Reserved Category | 16 Equity Share out of every 87 fully paid-up Equity Share held on the Record Date. | 18.4% |
| General Category | 34 Equity Share out of every 743 fully paid-up Equity Share held on the Record Date. | 4.57% |
Buyback Calculator - Check your Profit/Loss and Breakeven point for left out shares.
For Retail Customers Proposed Acceptance Ratio is 18.40% which can go up to 25 to 30%.
For Bharat Heavy Electricals Ltd Buyback Offer, Report updated by the manager of buyback -
In general category - response received 184.48%, No. of Equity Shares reserved in Buyback was 24800497 where valid bid received for retail category was 52394321 which is 184.48% oversubscribed.
In Reserved category for Small Shareholders (Retail) - response received only 270.51%, No. of Equity Shares reserved in Buyback was 160936148 where valid bid received for retail category was 435340862 which is 270.51%. Final Acceptance Ratio for Retail Investors was 18.4%.
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 | 892.90 (-0.51%) | 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 | 174.00 (0.09%) | 18-11-2022 | TBD | TBD | KRBL Limited | Tender Offer | ₹325.00Cr | 500 | 290.70 (-1.07%) | 25-08-2023 | TBD | TBD |
Detail Article on Benefit from buyback offer >> Read
Bharat Heavy Electricals 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 Bharat Heavy Electricals Ltd? How can I apply in Bharat Heavy Electricals Ltd Buyback offer?Last Updated on 2019-01-17T21:44:35+00:00
I trade only on NSE.
following is the reply which I got from my broker
Bhel buy back only executed in BSE, please open your account is BSE after that the same is possible.
Can I tender my share by sending tender form by Post .
or please tell my if there is any other process to tender share.