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Anand Rathi Wealth Limited (BSE:543415, NSE:ANANDRATHI) accepting shares from investors through a buyback offer. Do you want to submit your shares for Anand Rathi Buyback Apr 2024? The buyback has been announced on 18-Apr-24. The company has announced a buyback price of Rs 4450 and the Record Date for the eligible investor is 3-Jun-24.
The tender process for the buyback of Anand Rathi Wealth Limited will commence on 7-Jun-24 and close on 13-Jun-24.
The acceptance ratio for retail investors (holding shares worth less than Rs 2 lakhs on the record date) is 7.66%.
The summary report of the Anand Rathi Wealth Limited Buyback includes an overview, record date, tender dates, size of buyback, buyback price, approximate entry level for new investors, date of cancellation of shares, acceptance ratio for retail investors and general category.
Title | Detail |
---|---|
Company Name: | Anand Rathi Wealth Limited |
Buyback Type: | Tender Offer |
Offer Amount: | ₹164.65Cr |
Buyback Number of Shares: | 3,70,000 |
Buyback Price: | 4450 |
Approx Entry Price: | 4138.1 |
Promoters In: | Y |
Record Date: | 03-06-2024 |
Buyback Open Date: | 07-06-2024 |
Buyback Close Date: | 13-06-2024 |
Payment Date: | 19-06-2024 |
Record Date Price: | 4092.85 |
Maximum Retail Quantity: | 48 |
Draft Letter of Offer: | Draft Letter of Offer |
Letter of Offer: | - |
Acceptance Ratio Retail: | 37 Equity Share out of every 483 Fully paid-up Equity Shares held on the Record Date. |
Acceptance Ratio Retail %: | 7.66 |
Acceptance Ratio General: | 3 Equity Share out of every 392 Fully paid-up Equity Shares held on the Record Date. |
Acceptance Ratio General %: | 0.77 |
Final Acceptance Ratio %: | - |
The Record Date for Anand Rathi Wealth Limited Buyback offer is 3rd Jun 2024
Which means you should hold the Anand Rathi Wealth Limited share in your demat account by closing session of 3rd Jun 2024. Share purchased on and before (3rd Jun 2024) - 2 business days will be available in your demat account by 3rd Jun 2024.
Its all depend on acceptance ratio which usually announce with Letter of Offer. Lets assume if you have Anand Rathi Wealth Limited shares at ₹4138.1 and buyback offer price is ₹4450, you can get ₹311.89999999999964 per accepted share. If you hold 48 shares of Anand Rathi Wealth Limited and if proportionate acceptance is between 33% and 50%, in such case you are eligible to sell your 16 to 24 shares with the gain from buyback of ₹4990 to ₹7486.
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.
% Share Accepted | No of Shared Accepted | Gain from Buyback Offer |
---|---|---|
33% | 16 | ₹4990 |
50% | 24 | ₹7486 |
75% | 36 | ₹11228 |
100% | 48 | ₹14971 |
Steps to participate in Anand Rathi Wealth Limited buyback:
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 Anand Rathi Wealth Limited: 7th Jun 2024
Buyback closing date for Anand Rathi Wealth Limited: 13th Jun 2024
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 19th Jun 2024.
Buyback opening date for Anand Rathi Wealth Limited: 7th Jun 2024
Buyback closing date for Anand Rathi Wealth Limited: 13th Jun 2024
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 .