IIFL Securities BUYBACK 2020 | LATEST IIFL Securities SHARE NEWS | IIFL Securities BUY BACK RECORD DATE | IIFL Securities BUYBACK PRICE | IIFL Securities BUYBACK Acceptance Ratio | Latest Buybacks News
The board of IIFL Securities on Tuesday approved a proposal to buyback ₹90 crore worth shares.
Accordingly the company plans to buyback 1,66,66,666 shares (representing 5.21% of the total paid-up share capital) at ₹54 a share.
Based on the Minimum Buyback Size and Maximum Buyback Price, the Company would purchase a minimum of 83,33,333 Equity Shares.
The Buy-back of the Company’s fully paid up equity shares having a face value of { 2
(Indian Rupee Two Only) each (the “Equity Shares”), from the members of the Company
(except promoters, promoter group and persons in control of the Company) at a price not
exceeding { 54/- (Rupees Fifty Four Only) per Equity Share.
IIFL Securities Share Buyback Offer Details
IIFL Securities Share Buy Back Plan | IIFL Buyback Shares
| Buyback Type: | Open Market |
| IIFL Securities Buyback Record Date: | Coming Soon |
| IIFL Securities Buyback Offer Amount: | ₹ 90 CR |
| Date of Board Meeting approving the proposal: | Nov 20 2020 |
| Date of Public Announcement: | Nov 20 2020 |
| IIFL Securities Buyback Offer Size: | 5.21% |
| Buyback Number of Shares: | 1,66,66,666 |
| Price Type: | Tender Offer |
| Face Value (FV): | 2 |
| IIFL Securities Buyback Price: | ₹ 54/ Equity Share |
| IIFL Securities Buyback Premium: | 20% |
Can I Invest today to participate in IIFL Securities buyback offer? : Yes
The Board of Directors of IIFL Securities Ltd, at its meeting held on November 20, 2020, have unanimously approved the proposal to buyback its fully paid-up equity shares of Rs. 2/- (Rupees Two only) each not exceeding 1,66,66,666 equity shares (representing 5.21% of the total number of equity shares in the paid-up share capital of the Company) at a price of Rs. 54/- (Fifty Four only) per equity share.
Also Check:- Latest Share Buyback 2020
Upcoming Buyback 2020
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IIFL Securities Buyback Important Dates
In this section we have covered all important dates related to “IIFL Securities Buyback Date”. Dates are updated as they are announced. The most noted dates are IIFL Securities record date and IIFL Securities buyback open and close dates, which one should use to participate in buyback.
| Buyback Activity | Date |
|---|---|
| Board Meeting for IIFL Securities Buyback proposal | 20.11.2020 |
| IIFL Securities Buyback Approval date | Coming Soon |
| Public Announcement of IIFL Securities Buyback | Coming Soon |
| IIFL Securities Buyback Record Date | Coming Soon |
| IIFL Securities Buyback opens on/Buyback Opening Date | Coming Soon |
| IIFL Securities Buyback closes on/Buyback Closing Date | Coming Soon |
| Cut-off date to receive completed tender forms by Registrar | Coming Soon |
| Cut-off date for verification by the Registrar | Coming Soon |
| Cut-off date to inform Stock Exchange on acceptance or non-acceptance of tendered Equity Shares by Registrar | Coming Soon |
| Last date of settlement of bids on the stock exchange | Coming Soon |
| Last date to return unaccepted shares by Registrar | Coming Soon |
| Last date of extinguishment of Equity Shares | Coming Soon |
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| UPCOMING NCD | UPCOMING BONUS | UPCOMING Buybacks of Shares |
IIFL Securities Share Holding Pattern as of SEP 2020
Stock Holding table gives a clear picture on retail investor holdings of IIFL Securities shares which helps investor to decide on participating in buyback offer. The less number of retail holdings means higher chance of acceptance in IIFL Securities buyback under retail category which is equal to higher profit.
| Shareholding Pattern – IIFL Securities Ltd. | ||
| Holder’s Name | No of Shares | % Share Holding |
| No Of Shares | 319609462 | 100% |
| Promoters | 95143214 | 29.77% |
| Foreign Institutions | 49385103 | 15.45% |
| N Banks Mutual Funds | 4317060 | 1.35% |
| Others | 110383578 | 34.54% |
| General Public | 49581769 | 15.51% |
| Financial Institutions | 10798738 | 3.38% |
IIFL Securities Buyback Record Date
Tentative Record Date To Participate In IIFL Securities Buyback
Coming soon.
IIFL Securities Buyback Acceptance Ratio
Profit from the buyback on the bases of acceptance Ratio:
Buy 4347 Shares at CMP of Rs.46 (2,00,000/46=4347)
| Acceptance Ratio | 33% | 50% | 75% | 100% |
| Amount Invested in Buyback | 199962 | 199962 | 199962 | 199962 |
| No. of Shares buyback | 1434 | 2173 | 3260 | 4347 |
| Buyback Profit | 11472 | 17384 | 26080 | 34776 |
| Profit | 5.73% | 8.69% | 13.04% | 17.39% |
How to Apply for IIFL Securities Buyback?
Now if you are wondering ‘how do I apply for a buyback?’ we’ve got you covered. When it comes to share-buyback schemes, the capital market regulator has compulsorily reserved a buyback portion of 15% for retail investors who possess in-hold shares in a company worth upto ₹2 lakhs.
This percentage is also taking into account the scrip’s market value as seen on the record date of the buyback offer. During the application process of share buyback, you will be given a tender form by the company.
This form is where you enter the number of shares of that company that you wish to tender. There is a ratio of acceptance attached to the tender form which signifies how likely the company is to accept your request for share buybacks.
Different companies have different ratios for share buybacks. Here is what you can expect in a typical tender form given by a company. There are normally three fields as follows:
- The number of shares you hold from the said company as on the record date
- The number of shares that fit the eligibility criteria for buybacks
- The number of shares that one is applying for a buyback.
Apply IIFL Securities buyback from Zerodha
Here is complete method from Zerodha You can apply for Buybacks on Console> Portfolio> Corporate action order window
- Hover your mouse on the stock and select ‘Options’ and click on ‘Place order’
- Enter the number of shares you want to tender and click on ‘Submit’
- Buyback/Takeover/Delisting orders are collected until 6:00 PM, one trading day prior to the offer end date. Ensure to hold sufficient quantities in your demat account before closure of the offer end date. (Do not sell the shares after placing the order). Only shareholders who hold the shares as on the record date will be eligible for the corporate action.
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About IIFL Securities Ltd.
IIFL is a financial services conglomerate which was started by a group of passionate entrepreneurs in 1995. The genesis of IIFL lies in the power of dreaming big and believing in your dreams.
IIFL is a key player in both retail and institutional segments with 4% share of daily cash turnover. Our strength has been to continuously innovate and reinvent ourselves with strong digital footprint.
The company is a leading player in the broking industry with more than a million accounts being opened since inception. The company provide execution, advisory and research service across products like equity, F&O, Commodity& Currency and Mutual Funds. The company also of the top distributors of AIF products, mutual funds.
IIFL Securities Financial
| Yearly – IIFL Securities Ltd. | |||||
|
Rs (in Crores)
|
|||||
| Mar’20 | Mar’19 | Mar’18 | Mar’15 | Mar’14 | |
| INCOME | |||||
| Net Sales Turnover | 596.11 | 690.67 | 708.42 | 545.66 | 405.26 |
| Other Income | 47.64 | 15.13 | 34.23 | .32 | .91 |
| Total Income | 643.74 | 705.81 | 742.66 | 545.98 | 406.18 |
IIFL Securities Limited – Registrar to the Buyback
| LINK INTIME INDIA PRIVATE LIMITED Unit : IIFL Securities Limited C 101, 247 Park, L.B.S.Marg, Vikhroli (West) Mumbai, Maharashtra – 400083 Tel: +91-22-49186000 E-Mail: rnt.helpdesk@linkintime.co.in Website: www.linkintime.co.in |
IIFL Securities Limited Contact Details
| Company Contact Details |
| IIFL Securities Limited CIN: L99999MH1996PLC132983 IIFL House, Sun Infotech Park, Road No. 16V,Plot No.B-23, Thane Industrial Area, Wagle Estate, Thane – 400604 Tel: +91-22-8976689766 E-Mail: secretarial@iifl.com |
***Related Queries***
IIFL Securities 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 IIFL Securities buyback?
How can I apply in IIFL Securities Buyback offer?
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IIFL Securities Buyback 2020 FAQs:
IIFL Securities buyback 2020 record date will coming soon.
IIFL Securities buyback 2020 announcement date is coming soon.
The company has fixed the price at ₹54 a share
As per the IIFL Securities record date you need to have IIFL Securities shares in your demat account. You can participate in buyback after having the stock in your account.
You can earn a premium of 20% from current market price.
Its all depend on acceptance ratio which usually announce with Letter of Offer. 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.
Steps to participate in IIFL Securities buyback:
On Record date (Coming Soon) you must have share of IIFL Securities in your demat account. Depositing of share in your DP account usually take T+2 days, so you need to plan your buying accordingly.
After that company announces buyback open and close window, so you need to tender your share in buyback process. You can do this online or contact your broker to tender your share in buyback, so he can place a request on your behalf.
Next step is with registrar – depend on buyback acceptance ratio, your shares will be sold in buyback process and fund will directly debited in your bank account. Any rejected share will be revert in your demat account which you can sell in open market or hold for long term gain.
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 IIFL Securities: (Coming Soon) Buyback closing date for IIFL Securities: (Coming Soon) This is the window when you need to submit your application for proposal for share buyback.
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 (Coming Soon).