NALCO BUYBACK 2021 | LATEST NATIONAL ALUMINIUM CO.LTD SHARE NEWS | NALCO BUY BACK RECORD DATE | NATIONAL ALUMINIUM BUYBACK PRICE | NATIONAL ALUMINIUM BUYBACK Acceptance Ratio | Latest Buybacks News
Nalco is a navratna CPSE under the Ministry of Mines. The company has integrated and diversified operations in mining, metal and power.
National Aluminium Company (NALCO) on Wednesday approved share buyback of 13.03 crore shares at ₹57.50 per share. The company is thus offering shares worth ₹749.23 crore.
NALCO also announced that it has fixed 8th February 20 as the record date for the purpose of ascertaining the eligibility of shareholders for buyback of equity shares.
“The board of directors of the company in their meeting held on January 27, 2021, has inter-alia approved. buyback of not exceeding 13,02,79,083 (Thirteen Crore Two Lakh Seventy Nine Thousand Eighty-Three) fully paid-up equity shares..at a price of Rs 57.50 per equity share in cash for an aggregate consideration not exceeding Rs 749,10,47,273 (Rupees Seven Hundred Forty-Nine Crore Ten Lakh Forty-Seven Thousand Two Hundred Seventy Three only, ” Nalco said in a BSE filing.
Nalco Share Buyback Offer Details
National Aluminium Company
Share Buy Back Plan | NALCO Buyback Shares
| Buyback Type: | Tender Offer |
| NALCO Buyback Record Date: | 08.02.2021 |
| NALCO Buyback Offer Amount: | ₹ 749 CR |
| Date of Board Meeting approving the proposal: | 27.01.2021 |
| Date of Public Announcement: | 27.01.2021 |
| NALCO Buyback Offer Size: | 6.98% |
| Buyback Number of Shares: | 13,02,79,083 |
| Price Type: | Tender Offer |
| Face Value (FV): | 5 |
| NALCO Buyback Price: | ₹ 57.50/ Equity Share |
| NALCO Buyback Premium: | 23% |
The news comes shortly after NTPC, EIL, KIOCL announced a share buyback. The government is believed to have reached out to Coal India Ltd, NMDC Ltd, MOIL Ltd, and Engineers India Ltd (EIL) for share buybacks this year.
The government is the largest shareholder in all these companies and is looking to sell off its equity for cash in return. The Department of Investment and Public Asset Management (DIPAM) has managed to raise just about 3 percent of its FY21 target of Rs 2.1 lakh crore so far.
Also Check:- Latest Share Buyback 2021
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NALCO Buyback Important Dates
In this section we have covered all important dates related to “NALCO Buyback Date”. Dates are updated as they are announced. The most noted dates are NALCO record date and NALCO buyback open and close dates, which one should use to participate in buyback.
| Buyback Activity | Date |
|---|---|
| Board Meeting for NALCO Buyback proposal | 27.01.2021 |
| NALCO Buyback Approval date | 27.01.2021 |
| Public Announcement of NALCO Buyback | 27.01.2021 |
| NALCO Buyback Record Date | 08.02.2021 |
| NALCO Buyback opens on/Buyback Opening Date | Coming Soon |
| NALCO 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 |
Upcoming Buyback 2021
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NALCO Pre Buyback Share Holding Pattern as of 22.01.2021
Stock Holding table gives a clear picture on retail investor holdings of NALCO shares which helps investor to decide on participating in buyback offer. The less number of retail holdings means higher chance of acceptance in NALCO buyback under retail category which is equal to higher profit.
| Shareholding Pattern – National Aluminium Company Ltd. | ||
| Holder’s Name | No of Shares | % Share Holding |
| No Of Shares | 1,86,56,17,498 | 100% |
| Promoters | 96,07,93,011 | 51.50% |
| Foreign Institutions | 12,87,09,284 | 6.90% |
| N Banks Mutual Funds | 16,96,24,844 | 9.09% |
| Financial Institutions / Banks | 1,23,75,514 | 0.66% |
| Qualified Institutional Buyer | 18,39,93,672 | 9.86% |
| General Public | 28,25,36,590 | 15.14% |
| Other Bodies Corporate | 8,04,26,170 | 4.31% |
NALCO Buyback Record Date
Tentative Record Date To Participate In NALCO Buyback
Company has fixed 8th February, 2021 as the record date for the purpose of the eligibility of shareholders for Buyback of equity shares.
NALCO Buyback Acceptance Ratio
Profit from the buyback on the bases of acceptance Ratio:
Buy 3478 Shares at CMP of Rs.48 [200000/57.50=3478)
| Acceptance Ratio | 33% | 50% | 75% | 100% |
| Amount Invested in Buyback | 1,66,956 | 1,66,956 | 1,66,956 | 1,66,956 |
| No. of Shares buyback | 1147 | 1739 | 2608 | 3478 |
| BuyBack Profit | 10896 | 16520 | 24776 | 33041 |
| Profit(%) | 6.52% | 9.8% | 14.8% | 19.79% |
How to Apply for NALCO 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 NALCO 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.
Apply NALCO buyback from UPSTOX
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About National Aluminium Company Ltd.
National Aluminium Company Limited (NALCO) is a Navratna CPSE under Ministry of Mines. It was established on 7th January 1981 in the Public Sector, with its registered office at Bhubaneswar.
The Company is a group ‘A’ CPSE, having integrated and diversified operations in mining, metal, and power with a sales turnover of Rs 9,376 crore in the financial year 2017-18. Presently, Government of India holds 56.59% equity of NALCO.
NALCO is one of the largest integrated Bauxite – Alumina – Aluminium – Power Complex in the Country.
The Company has a 68.25 lakh TPA Bauxite Mine & 21.00 lakh TPA (normative capacity) Alumina Refinery located at Damanjodi in Koraput district of Odisha, and 4.60 lakh TPA Aluminium Smelter & 1200MW Captive Power Plant located at Angul, Odisha.
NALCO has bulk shipment facilities at Vizag port for the export of Alumina/Aluminium and import of caustic soda and also utilizes the facilities at Kolkata and Paradeep Ports. The Company has registered sales offices in Delhi, Kolkata, Mumbai, Chennai and Bangalore and 9 operating stockyards at various locations in the Country to facilitate domestic marketing.
NALCO Financial
| QUARTERLY | ANNUAL | SEP 2020 | JUN 2020 | MAR 2020 | DEC 2019 | SEP 2019 |
|---|---|---|---|---|---|
| Total Income | 2,399.05 | 1,413.92 | 2,042.27 | 2,136.57 | 2,420.11 |
| Total Income Growth (%) | 69.67 | -30.77 | -4.41 | -11.72 | 12.80 |
| Total Expenses | 2,242.21 | 1,387.46 | 1,862.54 | 2,188.14 | 2,465.64 |
| Total Expenses Growth (%) | 61.61 | -25.51 | -14.88 | -11.25 | 23.52 |
| EBIT | 156.84 | 26.46 | 179.73 | -51.57 | -45.53 |
| EBIT Growth (%) | 492.74 | -85.28 | – | – | -130.49 |
| PAT | 107.27 | 16.69 | 100.51 | -33.90 | -28.25 |
| PAT Growth (%) | 542.72 | -83.39 | – | – | -128.86 |
| EBIT Margin (%) | 6.54 | 1.87 | 8.80 | -2.41 | -1.88 |
| Net Profit Margin (%) | 4.47 | 1.18 | 4.92 | -1.59 | -1.17 |
| Basic EPS (₹) | 0.57 | 0.09 | 0.54 | -0.18 | -0.15 |
All figures in Rs Cr, unless mentioned otherwise
Source: https://economictimes.indiatimes.com/
National Aluminium Company Ltd. – Contact Details
| Company Contact Details |
| National Aluminium Company Limited (A Government of India Enterprise) REGD. & CORPORATE OFFICE NALCO Bhawan,Plot No.P/1,Nayapalli,Bhubaneswar–751013,India CIN # L27203OR1981GOI000920 Tel.:0674-2301988-999,Fax:0674-2300677, Email:company_secretary@nalcoindia.co.in, Website:www.nalcoindia.com |
***Related Queries***
Nalco 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 Nalco INDIA buyback?
How can I apply in Nalco INDIA Buyback offer?
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NALCO Buyback 2021 FAQs:
NALCO buyback 2021 record date has fixed 8th February, 2021.
NALCO buyback 2021 announcement date is January 27, 2021.
NALCO is announced the buyback at a price range of Rs 57.50 per share which is at a premium of 23%.
As per the NALCO record date (08.02.2021) you need to have NALCO India shares in your demat account. You can participate in buyback after having the stock in your account.
You can earn a premium of 23% 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 NALCO buyback:
On Record date (08.02.2021) you must have share of NALCO 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 NALCO India Ltd.: (Coming Soon)
Buyback closing date for NALCO India Ltd.: (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).