IIFL Securities Buyback 2020 Details | IIFL BUY BACK PRICE & RECORD DATE Latest News

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: Tender Offer
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.

IIFL Securities Buyback Offer Dates
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

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:

  1. The number of shares you hold from the said company as on the record date
  2. The number of shares that fit the eligibility criteria for buybacks
  3. 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.

Latest & Upcoming Buybacks 2020

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:

What is IIFL Securities Buyback Record Date?

IIFL Securities buyback 2020 record date will coming soon.

When is IIFL Securities Buyback announcement Date?

IIFL Securities buyback 2020 announcement date is coming soon.

What is IIFL Securities Buyback Price?

The company has fixed the price at ₹54 a share

How to apply for IIFL Securities Buyback 2020?

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.

How much I can make with IIFL Securities buyback offer?

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.

How to Participate in IIFL Securities buyback offer?

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.

How many IIFL Securities share are eligible for 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.

When I need to tender IIFL Securities share for buyback?

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.

When I will know how much shares accepted in IIFL Securities buyback offer?

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).

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