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| Title | Detail |
|---|---|
| Company Name: | SM Auto Stamping Limited |
| Buyback Type: | Tender Offer |
| Offer Amount: | ₹3.60Cr |
| Buyback Number of Shares: | 6,00,000 |
| Buyback Price: | 60 |
| Approx Entry Price: | 47.00 |
| Promoters In: | Y |
| Record Date: | 22-12-2023 |
| Buyback Open Date: | 29-12-2023 |
| Buyback Close Date: | 04-01-2024 |
| Payment Date: | 10-01-2024 |
| Record Date Price: | 49.95 |
| Maximum Retail Quantity: | 4004 |
| Draft Letter of Offer: | Draft Letter of Offer |
| Letter of Offer: | - |
| Acceptance Ratio Retail: | 1 Equity Share out of every 6 Fully paid-up Equity Shares held on the Record Date. |
| Acceptance Ratio Retail %: | 16.67 |
| Acceptance Ratio General: | 1 Equity Share out of every 27 Fully paid-up Equity Shares held on the Record Date. |
| Acceptance Ratio General %: | 3.70 |
| Final Acceptance Ratio %: | - |
The Record Date for SM Auto Stamping Limited Buyback offer is 22nd Dec 2023
Which means you should hold the SM Auto Stamping Limited share in your demat account by closing session of 22nd Dec 2023. Share purchased on and before (22nd Dec 2023) - 2 business days will be available in your demat account by 22nd Dec 2023.
Its all depend on acceptance ratio which usually announce with Letter of Offer. Lets assume if you have SM Auto Stamping Limited shares at ₹47.00 and buyback offer price is ₹60, you can get ₹13 per accepted share. If you hold 4255 shares of SM Auto Stamping Limited and if proportionate acceptance is between 33% and 50%, in such case you are eligible to sell your 1404 to 2128 shares with the gain from buyback of ₹18252 to ₹27664.
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% | 1404 | ₹18252 |
| 50% | 2128 | ₹27664 |
| 75% | 3191 | ₹41483 |
| 100% | 4255 | ₹55315 |
Steps to participate in SM Auto Stamping 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 SM Auto Stamping Limited: 29th Dec 2023
Buyback closing date for SM Auto Stamping Limited: 4th Jan 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 10th Jan 2024.
Buyback opening date for SM Auto Stamping Limited: 29th Dec 2023
Buyback closing date for SM Auto Stamping Limited: 4th Jan 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 .
