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Incorporated in 1972-73, HEG Ltd is part of LNJ Bhilwara Group which was estiblished in 1960. The Company is leading graphite electrode manufacturer and expots more then 80% of its production (Graphite Electrodes) to international markets. The HEG Ltd also established a Power Plant of 77 MW capacity to cater its in-house demand for electricity, which is one of the major inputs in manufacturing Graphite Electrodes. The Graphite Electrode plant of the company is situated at Mandideep near Bhopal in the State of Madhya Pradesh, India.
Nov 26, 2018: HEG Ltd (BSE:509631 | NSE:HEG) board has approved a proposal for buyback of up to 13.6 lakhs shares at Rs 1000 per share, aggregating Rs 5500 Cr (Buyback Offer Size) which is 3.41% of total paid-up equity share.
Below is the complete details about HEG Ltd Buyback. Record date, buyback open and close dates are announce in below section.
Buyback Type: | Tender Offer |
Buyback Offer Amount: | Rs 750 Cr |
Buyback Number of Shares: | 13.6 Lakhs |
Buyback Price: | Rs 5500 |
Buyback Offer Size (In %): | 3.41% |
Total Share Capital: | Rs 17,362.25 Cr |
Face Value: | 10 Per Equity Share |
Can I Invest today to participate in HEG Ltd buyback offer? No
In this section we have covered all important dates related to HEG 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 | 26th Nov 2018 |
Buyback Approval date | 26th Nov 2018 |
Public Announcement of Buyback | 26th Nov 2018 |
Record Date | 9th Feb 2019 |
Buyback opens on/Buyback Opening Date | 8th Mar 2019 |
Buyback closes on/Buyback Closing Date | 22nd Mar 2019 |
Cut-off date to receive completed tender forms by Registrar | 24th Mar 2019 |
Cut-off date for verification by the Registrar | 1st Apr 2019 |
Cut-off date to inform Stock Exchange on acceptance or non-acceptance
of tendered Equity Shares by Registrar |
1st Apr 2019 |
Last date of settlement of bids on the stock exchange | 2nd Apr 2019 |
Last date to return unaccepted shares by Registrar | 2nd Apr 2019 |
Last date of extinguishment of Equity Shares | 9th Apr 2019 |
Stock Holding table gives a clear picture on retail investor holdings of HEG 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 | 29.58% |
Promoter-Indian | 28.21% |
Non-Promoter-Institutions | 19.14% |
Non-Promoter-Non-Institutions | 19.38% |
HEG Ltd Public Announcement >>Document
HEG Ltd Draft Letter of Offer >>Document
HEG Ltd Letter of Offer >>Document
HEG Ltd Post Buyback Public Announcement >>Document
Category | Entitlement Ratio of Buyback Per Equity Shares | Entitlement Ratio of Buyback in % |
---|---|---|
Reserved Category | 1 Equity Share out of every 10 fully paid-up Equity Share held on the Record Date. | 10% |
General Category | 7 Equity Share out of every 229 fully paid-up Equity Share held on the Record Date. | 10% |
For HEG Ltd Buyback Offer, Report updated by the manager of buyback -
In general category - response received 1605%, No. of Equity Shares reserved in Buyback was 1159090 where valid bid received for retail category was 18607252 which is 1605% oversubscribed.
In Reserved category for Small Shareholders (Retail) - response received only 580%, No. of Equity Shares reserved in Buyback was 204546 where valid bid received for retail category was 1186327 which is 580%. Final Acceptance Ratio for Retail Investors was 3.06%.
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
HEG 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 HEG Ltd? How can I apply in HEG Ltd Buyback offer?Last Updated on 2019-04-05T04:10:53+00:00
Is there any update regarding heg buyback