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April 27th, 2019:SKP Securities Ltd (BSE:531169 | NSE:) board has approved a proposal for purchase of up to 9.95 lakh shares at Rs 70 per share, aggregating Rs 6.96 Cr (Buyback Offer Size) that is 24.99% of total paid equity share capital.
Below is the complete details about SKP Securities Ltd Buyback. Record date, buyback open and close dates are announce in below section.
| Buyback Type: | Tender Offer |
| Buyback Offer Amount: | Rs 6.955 Cr |
| Buyback Number of Shares: | 9.95 lakhs |
| Buyback Price: | Rs 70 |
| Buyback Offer Size (In %): | 24.99% |
| Total Share Capital: | Rs 22 Cr |
| Face Value: | 10 Per Equity Share |
Can I Invest today to participate in SKP Securities Ltd buyback offer? No
We advocate honest for SKP Securities buyback as official acceptance ratio for the retail investors are going to be between 30 to 60% and actual acceptance ration is going to be 70 to 90%. We tend to rate SKP Securities buyback as 4/5 (Good).
Making a resonable amount of profit is possible in SKP Securities buyback for a new retail investor.
In this section we have covered all important dates related to SKP Securities 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 | 27th Apr 2019 |
| Buyback Approval date | 22nd May 2019 |
| Public Announcement of Buyback | 24th May 2019 |
| Record Date | 25th May 2019 |
| Buyback opens on/Buyback Opening Date | 5th Jun 2019 |
| Buyback closes on/Buyback Closing Date | 25th Oct 2019 |
| Cut-off date to receive completed tender forms by Registrar | 8th Nov 2019 |
| Cut-off date for verification by the Registrar | 13th Nov 2019 |
| Cut-off date to inform Stock Exchange on acceptance or non-acceptance
of tendered Equity Shares by Registrar |
13th Nov 2019 |
| Last date of settlement of bids on the stock exchange | 20th Nov 2019 |
| Last date to return unaccepted shares by Registrar | 20th Nov 2019 |
| Last date of extinguishment of Equity Shares | 27th Nov 2019 |
Stock Holding table gives a clear picture on retail investor holdings of SKP Securities 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 | 74.99% |
| Non-Promoter-Institutions | 0.0% |
| Non-Promoter-Non-Institutions | 25.01% |
SKP Securities Ltd Letter of Offer >>Document
SKP Securities Ltd Post Buyback Public Announcement >>Document
| Category | Entitlement Ratio of Buyback Per Equity Shares | Entitlement Ratio of Buyback in % |
|---|---|---|
| Reserved Category | 10 Equity Share out of every 19 fully paid-up Equity Share held on the Record Date. | 52.66 |
| General Category | 15 Equity Share out of every 73 fully paid-up Equity Share held on the Record Date. | 20.55 |
For SKP Securities Ltd Buyback Offer, Report updated by the manager of buyback -
In general category - response received 189.86%, No. of Equity Shares reserved in Buyback was 845750 where valid bid received for retail category was 1605717 which is 189.86% oversubscribed.
In Reserved category for Small Shareholders (Retail) - response received only 54.91%, No. of Equity Shares reserved in Buyback was 149250 where valid bid received for retail category was 81959 which is 54.91%. Final Acceptance Ratio for Retail Investors was 100%.
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 | 915.70 (-0.04%) | 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 | 175.00 (-0.03%) | 18-11-2022 | TBD | TBD | KRBL Limited | Tender Offer | ₹325.00Cr | 500 | 295.25 (-0.67%) | 25-08-2023 | TBD | TBD | Tips Industries Limited | Tender Offer | ₹37.19Cr | 625 | 461.80 (-1.52%) | 22-04-2024 | 26-04-2024 | 03-05-2024 |
Detail Article on Benefit from buyback offer >> Read
SKP Securities 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 SKP Securities Ltd? How can I apply in SKP Securities Ltd Buyback offer?Last Updated on 2019-11-20T22:11:15+00:00
