Now that the investors have got all kinds of GYAN about valuation and the likely exit price, it is time to do some ground check. The price of 150 or 200 or 300 investors will be able to get only if the promoters are able to cross the threshold of 90% i.e. they get a minimum of 134.78 Crs. shares in the offer. Every investor must ensure that he participates in the offer at whatever price he feels he deserves, be it 100 or 1000, but participate he must. What are the hurdles? Just ensure that:
1. All your shares are free- if they
had been pledged, get them unpledged immediately.
2. Check with your broker; the cut-off
time. Some brokers do not accept the tendering requests on the last date. Some
others have a cut-off time of 10.30 am on the last date.
3. The success of the offer depends
upon LIC. If you want to be aware of LIC’s bidding, check for the bid size of
23.66 crs.
4. The bidding details can be viewed on
the link given below:
https://www.bseindia.com/markets/publicIssues/BSEBidDetails_ACQ.aspx?flag=ec&Scripcode=5255
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