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| Title | Detail |
|---|---|
| Company Name: | Rajoo Engineers Limited |
| Buyback Type: | Tender Offer |
| Offer Amount: | ₹19.79Cr |
| Buyback Number of Shares: | 9,42,300 |
| Buyback Price: | 210 |
| Approx Entry Price: | 166.45 |
| Promoters In: | Y |
| Record Date: | 31-01-2024 |
| Buyback Open Date: | 06-02-2024 |
| Buyback Close Date: | 12-02-2024 |
| Payment Date: | 16-02-2024 |
| Record Date Price: | 199.10 |
| Maximum Retail Quantity: | 1004 |
| Draft Letter of Offer: | Draft Letter of Offer |
| Letter of Offer: | - |
| Acceptance Ratio Retail: | 2 Equity Share out of every 47 Fully paid-up Equity Shares held on the Record Date. |
| Acceptance Ratio Retail %: | 4.26 |
| Acceptance Ratio General: | 2 Equity Share out of every 47 Fully paid-up Equity Shares held on the Record Date. |
| Acceptance Ratio General %: | 4.26 |
| Final Acceptance Ratio %: | - |
The Record Date for Rajoo Engineers Limited Buyback offer is 31st Jan 2024
Which means you should hold the Rajoo Engineers Limited share in your demat account by closing session of 31st Jan 2024. Share purchased on and before (31st Jan 2024) - 2 business days will be available in your demat account by 31st Jan 2024.
Its all depend on acceptance ratio which usually announce with Letter of Offer. Lets assume if you have Rajoo Engineers Limited shares at ₹166.45 and buyback offer price is ₹210, you can get ₹43.55000000000001 per accepted share. If you hold 1202 shares of Rajoo Engineers Limited and if proportionate acceptance is between 33% and 50%, in such case you are eligible to sell your 397 to 601 shares with the gain from buyback of ₹17289 to ₹26174.
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% | 397 | ₹17289 |
| 50% | 601 | ₹26174 |
| 75% | 902 | ₹39282 |
| 100% | 1202 | ₹52347 |
Steps to participate in Rajoo Engineers 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 Rajoo Engineers Limited: 6th Feb 2024
Buyback closing date for Rajoo Engineers Limited: 12th Feb 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 16th Feb 2024.
Buyback opening date for Rajoo Engineers Limited: 6th Feb 2024
Buyback closing date for Rajoo Engineers Limited: 12th Feb 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 .
