WHAT IS CALL OPTION & PUT OPTION IN BONDS? stringlengths 12 375 | Bond Option is a contract between seller and buyer to be executed in the future at a predefined time and price (irrespective of current market price). A call option gives the buyer the right to buy the bonds but does not create an obligation on either party to execute the option. A put option provides the seller with the right to sell the bonds but does not create an obligation on either party to complete the option. Bonds with embedded call options are called callable bonds, and Bonds with embedded puttable options are called puttable options. stringlengths 3 10.9k |
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How will system recognize claimants of age 75 years & above? | The system shall calculate the age from Date of Birth from the data filled in IEPF-5 web-form which shall be authenticated from PAN Database. |
Is there some dedicated phone and email number for facilitation for this service? | Yes, for the facilitation of these claimants, a dedicated telephone number 011- 23441727 and email id seniorcitizen.iepfa@mca.gov.in has been established. |
Request to file Entitlment Letter along with IEPF-5 Claim Form | Investors/Claimants are requested to upload the Entitlement Letter received from RTA/Nodal Officer of the Client Company.Any claim not supported by Entitlement Letter shall be rejected by IEPF as per IEPF notification dated 20-07-2022 |
Special Window Facility for Senior-Citizens of age 75 Years & above | Investor Education and Protection Fund Authority as a part of Azadi Ka Amrit Mahotsav (AKAM) has launched a special window facility for senior citizens of age 75 years & above. 1.As a part of this facility, the claim filed by these claimants shall be auto-prioritized in MCA 21 system after receipt of the e-verification... |
What are the actions on the part of claimant that helps the Authority to refund the claims in minimum time? | It is advised that at the time of submission of information in IEPF 5 form, the claimant should ensure the correctness of information such as Aadhaar No., Demat No., Bank Account No., IFSC Code, etc. |
What facilitation shall be provided through the dedicated email id and telephone number? | It would be endeavored to answer all queries through telephone number and email id. However, it is requested to provide a detailed query and contact number of claimant in the email and the claimant shall be contacted through phone subsequently. |
What is Special Window Facility for Senior-Citizens of age 75 Years & above? | As a part of this facility, the claim filed by these claimant shall be autoprioritized in MCA 21 system after receipt of e-verification report from the companies. |
Which email id and phone number should be provided in the email? | Email Id and Phone number of claimant as filled in web-form IEPF-5 must be provided and the Authority shall not be able to provide any information to any third party. |
Will the authority be providing any facilitation in getting verification of claims from the company? | The Authority through a circular has requested the companies and their nodal officers to facilitate all such claimants in filing IEPF - 5 as well as file their everification report on priority in MCA 21. Companies have also been requested to provide dedicated facilitation to all such claimants. |
What is SRN ? | Service Request Number (SRN) is generated on successful submission of IEPF-5 e-form. Please note the SRN for future tracking of the form.For any further help the IEPF helpline can also be contacted. Public Relations Officers Phone No: 011-23441777. Helpdesk - 0124-4832500. |
How can I complete my KYC process? | To complete the KYC process online click hereOR Visit our office during business hours on any working day for an In-Person Verification (IPV) with our officer.Please visit us with your original documents and self-attested copies at any of our office locations OR send self-attested copies through courier/post to our Hea... |
How can I convert my Folio to a full KYC compliant? | We would like to draw your attention to Circular No. SEBI/HO/MIRSD/MIRSD-PoD-1/P/CIR/2023/37 dated March 16, 2023, issued by SEBI, on Common and Simplified Norms for processing Investor’s Service Request by RTAs.:SEBI vide this Circular has mandated the furnishing of PAN, Address with PIN code, Email address, Mobile No... |
-2023 KYC Registration of PAN / Mobile / Email(optional) | Please note, SEBI vide their Circulars have mandated:Furnishing of PAN, Address with PIN code, Email address(optional), Mobile No., Bank Account details, Specimen Signature & Nomination by holders of physical securities (collectively, called KYC requirement), and that “From January 1, 2022, RTAs shall not process any s... |
My Folio account is not activated although KYC is done what to do? | If your KYC request is rejected/ Folio is still In-Active due to objection raised in processing your KYC request you may visit in-person to our office with self-attested copies with date, of all KYC documents during Business Hours on any working days for spot verification of documents, so as to resolve your issue. |
Why do I need to complete Re-KYC for my Folio? | As per SEBI guidelines, RTA/Company may ask for Re-KYC only in case your folio/s are not completely KYC compliant, which means out of 6 criteria of KYC ( like PAN, email id, Phone no., signature, Bank details, Nomination), even if any one of these are not updated in our records, you need to re-submit the missing docume... |
Why is my folio is inactive although I have submitted my KYC documents? | To activate your folio as KYC compliant, we need to ensure that the documents submitted by you are in compliance with the KYC guidelines. In case they are not, we may have to reject them.There could be multiple reasons as to why there is a rejection of your KYC documents. Our KYC team will promptly communicate the reas... |
Is it mandatory to update KYC details? | Yes, as per SEBI regulation, it is mandatory to update KYC details |
What are the ways of completing the KYC compliance process? | Complete your KYC process in either of the 3 ways -1. In-Person Verification (IPV): by producing the originals to the authorized person of the RTA, who will retain copy(s) of the document(s) or2. By furnishing self-attested photocopy(s) of relevant document(s) or3. With eSign: a) In case your email... |
How to check status of PAN Linked to Aadhaar ? | To know the status of your Pan Linked to Aadhaar check on this link: https://www.incometax.gov.in/iec/foportal |
How to update my KYC ? | Please visit us with your original documents and self-attested copies at any of our office locations; OR send self-attested copies through courier/post to our Head Office at: -Focus AddressList of documents:1. Identity Proof (any one): - Aadhaar Card / PAN Card/ Driving License/ Voter ID/ Passport.2. Address Proof... |
Is it mandatory to link my PAN details with Aadhaar? | Yes, it is mandatory to link your PAN details with Aadhaar as per the CBDT notification. PAN shall be valid only if it is linked to Aadhaar by June 30,, 2023.Click here to know whether your PAN is linked to Aadhaar |
Is it necessary to keep my folio KYC compliant? | It is necessary to keep your folio KYC compliant at all times. Folios wherein any ONE of the cited details/documents, (i.e., PAN, Address with PIN code, Email address, Mobile Number, Bank Account details, Specimen Signature and Nomination) are not available on or after October 01, 2023, shall be frozen as per SEBI circ... |
What happens if I don't do my KYC? | Non-updation of KYC details- Folios wherein any One of the cited details/documents, (i.e. PAN, Address with PIN code, Mobile Number, Bank Account details, Specimen Signature, and Nomination) will not be entitled to any sort of service request, unless the said folio is KYC compliant. Sebi vide its circular dated Novembe... |
What is eSign ? | eSign is an integrated service which facilitates issuing a Digital Signature Certificate and performing signing of requested data by eSign user.You may approach any of the empanelled eSign service providers available on https://cca.gov.in/for the purpose of obtaining eSign. |
What is KYC? | We all know that 'KYC' is Know Your Client/Know Your Customer and is a verification process that allows an institution to confirm and verify the authenticity of the client/customer.SEBI through its Circular dated March 16, 2023 has mandated that capital market intermediaries such as RTA's need to facilitate, on or befo... |
What is pan linked to Aadhaar? | PAN shall be valid only if it is linked to Aadhaar by June 30, 2023. As per the CBDT notification a late fee of Rs 1000 will be levied in cases where the Aadhaar is linked to the PAN upto the financial year.For Exemptions / Clarifications on PAN, please refer to Objection Memo as specified in SEBI circular. Click here ... |
What is the email id to communicate with the RTA? | You are advised to mention the Folio No., Company Name and your Contact No. in all your communication sent to the RTA/Company.Email-R-TEmail-Public-IssuesEmail-Bonds |
What will happen if PAN is not linked with Aadhaar by June 30? | In case a person fails to link his or her PAN with Aadhaar, the PAN will become inoperative. In such a case, the person will not be able to furnish, intimate or quote his PAN and shall be liable to all the consequences under the Income-tax Act for such failure. Some of the major implications of non-compliance are:*The ... |
Who is not required to link PAN with Aadhaar? | There are a few categories of individuals for whom this linkage is not compulsory.*Any person of age eighty years and above.*Non-resident as per the Income-tax Act.A person who is not a citizen of India. |
Who needs to Link PAN with Aadhaar? | As per the circular issued by the Central Board of Direct Taxes (CBDT) in March 2022, the Income-tax Act has mandated to link PAN with Aadhar and it has to be done on or before June 30, 2023, failing which the PAN shall become inoperative. |
Why has Sebi made it mandatory for investors to link PAN with Aadhaar? | Since PAN is the key identification number and part of KYC requirements for all transactions in the securities market, all SEBI-registered entities and Market Infrastructure Institutions (MIIs) are required to ensure valid KYC for all participants.All existing investors are required to ensure the linking of their PAN w... |
When can I expect an intimation for completion of my KYC ? | Status Intimation shall be shared via Email & SMS within 7-10 working days after receipt of documents.Incase, of non-receipt of intimation, you may feel free to reach out to us at OR write to us at: -Focus Address |
What is the time line to Update KYC? | In case of In-Person Verification(IPV), it takes about 2 working days. If KYC has been done through physical documentation it takes 7-10 working days. |
Which are the acceptable documents for KYC? | For KYC the acceptable documents are as follows:Identity Proof (any one): - Aadhaar Card, PAN Card, Driving License, Voter ID, Passport.Address Proof (any one): Passport, Driving License, Voter ID, Aadhaar Card, Utility Bill (not more than 3 months old), Bank Statement, Bank Account updated Passbook.Signature Proof (an... |
Can I complete KYC without Aadhaar? | Aadhaar is not mandatory for KYC. You can provide Passport, Voter ID card or Driving License also. |
KYC completion - documents to submit | We have a seamless KYC and re-KYC process for your convenience.For KYC and Re-KYC, the accepted documents are as follows:Identity Proof (any one): - Aadhaar Card, PAN Card, Driving License, Voter ID, Passport.Address Proof (any one): Passport, Driving License, Voter ID, Aadhaar Card, Utility Bill (not more than 3 month... |
What are KYC forms? | KYC is Know Your Customer documents that are to be submitted to make your Folio KYC Compliant. Based on the SEBI guidelines, the RTA/Company may ask for KYC/Re-KYC, in case your Folios is/are not fully KYC Compliant, to keep our records updated.You need to submit/ complete your KYC/Re-KYC at our office location, click ... |
What are the Documents Required for KYC? | List of acceptable documents:1. Identity Proof (any one): - Aadhaar Card / PAN Card/ Driving License/ Voter ID/ Passport.2. Address Proof (any one):- Passport/ Driving License/ Voter ID/ Aadhaar Card/ Utility Bill (not more than 3 months old)/ Bank statement not more than 3 months old/ Updated bank passbook with ... |
Who are the service providers of the eSign facility? | Few of the service providers for eSign:Service Provider: Mudhra LimitedWeb site: www.e-mudhra.comE-Mail: eservices@emudhra.comService Provider: NSDL e-Governance Infrastructure LtdWeb site : https://www.egov-nsdl.co.in/E-Mail: esign@nsdl.co.inService Provider: CDSL Ventures LtdWeb site: https://www.cvlindia.comE-mail: ... |
Service Request Form | Choose any service request forms |
Form ISR 1 Register PAN/Update KYC | ISR-1 form is meant to help you to register/update the following1. Register -PAN Details2. Change / Register -Bank Details3. Change / Register -Signature as verified by Banks4. Change in Address5. Change / Register -Mobile Number6. Change / Register Email-id.Choose any one option |
View/Download ISR 1 | ISR-1 form is meant to help you to register/update the following1. Register -PAN Details2. Change / Register -Bank Details3. Change / Register -Signature as verified by Banks4. Change in Address5. Change / Register -Mobile Number6. Change / Register Email-id.Please select the type of form requi... |
What is Form ISR-1? Can i update my bank details? | ISR-1 form is meant to help you to register/update the following:1. Register -PAN Details2. Change / Register -Bank Details3. Change/Register -Signature as verified by Banks4. Change in Address5. Change / Register -Mobile Number6. Change / Register Email-id. |
Form ISR 2 Change / Updation of Bank Details | Signature plays a very important role in the process of KYC. As part of KYC, registering your signature with the RTA/Company is compulsory. In the event your signature has changed/ not registered, kindly fill up Form ISR-2.This form is meant to confirm your signature(s) by the Banker.Form ISR-2 can be used to register ... |
What is Form ISR-2 ?. Can I change my signature using this form? | Signature plays a very important role in the process of KYC. As part of KYC, registering your signature with the RTA/Company is compulsory. In the event your signature has changed/ not registered, kindly fill up Form ISR-2.This form is meant to confirm your signature(s) by the Banker.Form ISR-2 can be used to register ... |
Form ISR 3 Opt-Out of Nomination | ISR-3 form is meant to help you to:a) Opt-out of existing nomination orb) Opt for No Nomination by Holders of Physical Securities in Listed Companies.Without nomination your Folio will be treated as Non-KYC Complaint. Use of ISR-3 will be applied for the entire securities against the said folio. |
What is Form ISR-3? | ISR-3 form is meant to help you to:a) Opt-out of existing nomination orb) Opt for No Nomination by Holders of Physical Securities in Listed Companies.Without nomination your Folio will be treated as Non-KYC Compliant. Use of ISR-3 will be applied for the entire securities against the said folio. |
What is Form ISR-4? | ISR-4 form is meant to help investors in soliciting the following requests from the RTA/ Company1. Issue of Duplicate Certificate(s).2. Claim for Unclaimed Suspense Account.3. Replacement/Renewal /Exchange of Securities Certificate.4. Endorsement.5. Sub-Division/ Splitting of securities certificate.6. ... |
What type of Service request will be issued in dematerialised form only? | SEBI vide its Circular SEBI/HO/MIRSD/MIRSD_RTAMB/P/CIR/2022/8 datedJanuary 25, 2022 ("the Circular") has stated that listed Companies shall henceforth issue thesecurities in dematerialized form only while processing the following service requests :Issue of Duplicate Certificate(s).Claim for Unclaimed Suspense Account.R... |
-2023 Registration of Nomination | Short Definition: Nomination enables the issuer company to identify the legal representative of the deceased shareholder and thereby facilitates the smooth transmission of his / her securities. The investor has to submit nomination Form SH-13 to the RTA in hard copy or electronic mode with e-signature for making a nomi... |
What is Form SH-13? | SH-13 form is meant to help you make a nomination if you are an individual applying/ holding securities on your own behalf, singly or jointly. The nomination will be registered only when it is complete in all respects including the signature of1. All registered holder(s) (as per specimen lodged with the Company) /RTA ... |
What is Form SH-14? | SH-14 form is meant to help you make a new nomination if you are an individual applying/holding security on their own behalf singly or jointly.The new nomination will be registered only when it is complete in all respects including the signature of(a) all registered holders (as per specimen lodged with the Company / RT... |
By when will the shareholder receive the amount related to the Buyback payments? | The shareholder will receive it within 7 to 10 working days from the close of the tendering period |
Can a company buyback its shares without passing shareholders’ resolution? | Yes. A company may buyback its shares without shareholders’ resolution, to the extent of 10% of its paid up equity capital and reserves, based on both standalone and consolidated financial statements of the company. However, if a company intends to buyback its shares to the extent of more than 10% of its paid up capita... |
Can an investor revise or withdraw the application after applying in Buyback? | Yes, the investor can revise or withdraw the application till the time order status is “In-Process”. Once the order is accepted investors have to click on ‘cancel’ to withdraw their Application. |
Can cash component of the escrow account in the buyback offer process be maintained in an interest bearing account? | Yes, the cash component of the escrow account may be maintained in an interest bearing account. However, the merchant banker shall ensure that the funds are available at the time of making payment to shareholders. |
Can shareholding in multiple demat accounts with the same PAN as on record date be clubbed together? | In accordance with Regulation 9(ix) of the Buyback Regulations, in order to ensure that the same shareholders with multiple demat accounts/folios do not receive a higher entitlement under the Small Shareholder category, the Company will club together the Equity Shares held by such shareholders with a common PAN for det... |
Can the letter of offer be dispatched through electronic means? | Letter of offer can be dispatched through electronic means in accordance with the provisions in the Companies Act, 2013. However, on receipt of a request from any shareholder to receive a copy of the letter of offer in physical format, the same shall be provided. Besides this, for all those shareholders who do not have... |
Can the shares under lock-in / pledged for margin be bought back by the Company? | No, lock-in/ pledged and non-transferable shares cannot be bought back. |
Do you think, I should participate in this offer? Is this offer good? | We are not in a position to guide you in this matter and request you to obtain independent financial and legal advice with respect to your participation in the Buyback. |
How does one participate in the buyback in case one does not receive the tender/offer form? | In case the equity shares are in dematerialised form: Eligible sellers can make an application by providing the application in writing on plain paper, signed by the eligible seller, stating name and address of eligible seller, number of equity shares held as on the record date, client ID number, DP name/ID, beneficiary... |
How does one tender one’s shares for buyback in the tender offer method? | In case the equity shares are held in dematerialized form: Eligible sellers may tender the equity shares through their respective stock broker by indicating the details of equity shares to be tendered under the buyback offer, during the normal trading hours of secondary market. In case the equity shares are held in phy... |
How do I check my buyback entitlement in terms of number of equity shares? | For checking buyback entitlement, please follow the below steps:1. Click on https://web.linkintime.co.in/Offer/Default.aspx2. Select the name of the Company – ‘ Name of the Company under buyback offer’3. Select the option ‘Demat or Physical or PAN’4. Based on the option selected above, enter ‘DPID CLID’ or ‘Folio Numbe... |
I am a Non Resident, am I required to submit any approval from RBI for participating in this Buy back offer? | Please note that the buyback from the Eligible Shareholders who are residents outside India including foreign corporate bodies (including erstwhile overseas corporate bodies), foreign portfolio investors, non-resident Indians, members of foreign nationality, if any, shall be subject to the Foreign Exchange Management A... |
If I have multiple demat accounts as on Record Date, can I transfer my shares to one demat account and tender my combined entitlement/shareholding from that demat account? | Eligible Shareholders will have to tender their Equity Shares from the same demat account in which they were holding such Equity Shares as on the Record Date, and in case of multiple demat accounts, Eligible Shareholders are required to tender the applications separately from each demat account. In case of any changes ... |
If my minor son/daughter has a demat account and if we want to participate in the offer, can I use my (as a parent) trading account to bid for his/her shares? | Since a minor cannot open a trading account, you can tender your minor son/daughter’s shares from your trading account if you are the legal guardian, if he is an Eligible Shareholder as on Record Date. You also need to write to the Registrar to the Buyback via letter/email stating the participation of your son/daughter... |
I have a trading account with ABC Depository Participant(DP). How do I initiate the transaction online and indicate what part of my shareholding is to be tendered? | All shareholders holding shares on the Record Date will receive the details of their total holding and the entitlement along with the letter of offer. If you have an online trading account with ABC DP, you may tender the shares through the online portal by entering the number of shares. You may either tender your total... |
I hold shares in physical form. How can I participate in the buyback? | If you hold shares in physical form on the Record Date, you would be communicated your entitlement along with the letter of offer. You may participate in the Buyback by approaching a BSE or NSE registered broker and open a trading account in case you don’t have one. Participation in the buyback would need to be through... |
In case of withdrawal, when shall I get back my shares back in my demat account? | On cancelling the application under Buyback, investors shall receive the shares offered under Buyback after its settlement date as defined by the exchange. |
I read this Buyback is via “Tender offer”. What is that? What do you mean by “Tender offer”? | As per Regulation 2(1)(q) of the Securities and Exchange Board of India (Buy-Back of Securities) Regulations, 2018 ‘tender offer’ means an offer by a company to buyback its own shares or other specified securities through a letter of offer from the holders of the shares or other specified securities of the company. In ... |
Is it compulsory to participate in this Buyback? | Participation in the Buyback is voluntary. Eligible Shareholders may choose to participate in part or in full or choose not to participate in the Buyback. |
Is it compulsory to tender shares through a broker? How do I participate in the buyback if I don’t have a trading account? | The Shareholders who desire to tender their Equity Shares in the electronic form or physical form under the Buyback would have to open a trading account with any BSE or NSE registered broker and tender their shares through the broker by indicating the details of Equity Shares they intend to tender under the Buyback. Th... |
My address is changed now and I want my offer document to be posted to my new address and not the old address? | In case you hold Equity Shares in dematerialised form, you may send a request in writing to the Company or Registrar at the address or e-mail id mentioned at the cover page of the Letter of Offer stating name, address, number of Equity Shares held on Record Date, client ID number, DP name / ID, beneficiary account numb... |
What are the expenses/costs to be borne by shareholders? | Equity Shareholders who intend to participate in the Buyback should consult their respective broker for payment to them of any cost, applicable taxes, charges and expenses (including brokerage) that may be levied by the broker upon the selling Eligible Shareholder for tendering Equity Shares in the Buyback (secondary m... |
What are the options available to Company to Buy Back its own shares? | The company can buy back its shares in any of the following manners:i. From the existing shareholders on a proportionate basis through the tender offer;ii. From open market through:a. Book building processb. Stock exchange;iii. From odd lot holders |
What are the tax implications on Buyback? | Buyback will be subjected to tax in the hands of the company. The consideration received by the shareholders will not be subject to tax. However, if there are any tax implications in any jurisdictions outside India, the same may be applicable. |
What do you mean by “Tender offer”? | 'Tender offer' means an offer by a company to Buyback its own shares or other specified securities through a letter of offer from the holders of the shares or other specified securities of the company as on Record Date on a proportionate basis To facilitate the process, as permitted by SEBI, for the purpose of tenderi... |
What happens during the buyback ? | Based on the option available whether call or put, a notice of buyback will be given to the investors and a record date is fixed. All the investors who were available on the record date in case of call option or those investors who opted for buyback in case of put option will be taken into consideration and their bonds... |
What happens if I am holding shares in Physical form? Can I still participate in the Buyback offer? | Yes. Shareholders holding securities in physical form are allowed to tender shares in open offer, buy-back through tender offer route, and exit offer. |
What is the Buyback Offer size? | The Buyback Offer size in terms of Equity Shares to be bought back, will be X-Quantum of Equity Shares and in terms amount will be approximately Rs.(Y-Quantum) in terms of Amount, which represents ( a certain percent ) of the total issued and paid-up equity share capital of the Company, as on a date ascertained by the ... |
What is the eligibility for buyback? | To be eligible for a buyback offer, the shares should be in the Demat account on the record date. It takes 2 trading days (i.e trading date +2) for shares to be deposited into the demat account and so ideally one should be buying at least 2 days prior to the record date to be eligible for the buyback. |
What is the manner in which the Company decides the acceptances from each shareholder? | Acceptances will be on proportionate basis. The Company would determine the entitlement ratio of each eligible shareholder basis their holding as on the Record Date.The acceptances would be :(i) first with respect to their individual entitlement,(ii) as regards the additional shares tendered, it would be with respect t... |
What is the mode of Buyback implementation? | This Buyback offer will be implemented through “Tender Offer” route through the stock exchange mechanism, in terms of the Securities and Exchange Board of India (Buy-Back of Securities) Regulations, 2018, as amended from time to time. |
What is the Record Date? | Record Date for the Buyback is the cut-of date as decided by the Company, for determining the Buyback Entitlement and the eligibility of the shareholders to participate in this Buyback. |
What will be the impact of tax on buyback? | The Company will pay buyback tax as provided under the Income Tax Act, 1961. As the Company will pay the buyback tax, any proceeds would be exempt from taxation under the Income Tax Act, 1961 for the shareholders. However, non-resident shareholders may be subject to additional tax in their country of jurisdiction. Deta... |
What will happen to the shares repurchased/bought back? | As required by the SEBI Buyback Regulations, the shares of the company bought back would be compulsorily extinguished. |
When will the shareholder receive intimation about acceptance of his/her shares? | The shareholder would receive the intimation once their shares are accepted and settlement is completed post the completion of the tendering period. |
When will the shareholder receive intimation about acceptance of his shares? | The company is required to send intimation to the tenderers within 7 to 10 working days from the closure of the offer. |
When will the shareholder receive the consideration in the tender offer method? | The company is required to remit the consideration within 7 to 10 working days from the closure of the buyback offer. |
Where can I inspect the documents related to Buyback? | Copies of certain documents may be available for inspection electronically during the tendering period on the website of the Company or your may write to the Company, with letter marked to the Company Secretary - "Buy-Back offer- YYYY" |
Where can one get details of companies proposing to buyback their shares? | Listed companies are required to intimate the stock exchange of general meetings and resolutions passed thereof. Hence, information on companies proposing to buyback shares may be obtained from the stock exchanges. When the public announcement or offer document is filed with SEBI, the same is uploaded on the SEBI websi... |
Why am I not being considered as an Eligible Shareholder for the buyback entitlement even though the shares were purchased prior to the record date? | Lets us understand that a Company has announced X-Date, as the Record date and the Stock Exchanges have announced X-1 Date,as the ex-date for buyback. Hence, any purchase of shares on or after ex-buyback date (or date as announce by exchange) will not be considered as Eligible shareholders as their name will not appear... |
Why have I not received an email regarding Buyback tender offer even though my email ID is registered? | Please check your mailbox/ spam folder. The email was sent from the email ID- of the Company offering buyback and/or form the RTA to the buyback offer. |
Unblocking of funds through ASBA? | The latest SEBI Circular ,mandates SCSBs to ensure that the unblock process for non-allotted/partially allotted applications is completed by the closing hours of one Working Day subsequent to the finalisation of the Basis of Allotment. In case the funds are still blocked in the applicants accounts, they can approach th... |
What is ASBA? | ASBA is the acronym for Applications Supported by Blocked Amounts. Investor is required to approach his banker to block the amount from his account for the application. This amount remains blocked in investor’s bank account and investor earns interest on the blocked amount. Investor’s banker then prepares bid based on ... |
Bidding & Price Discovery | Select your question on Bid / Price Discovery |
How many IPO Applications Can be Made from One Bank Account Using ASBA? | According to SEBI, an investor can make a maximum of five applications from one bank account per issue using ASBA. |
What is bid-lot? | A Bid-lot is the pre-determined number of shares which have to be applied for by an investor. It is different for each issue. There is a minimum lot size which is pre-decided by the company and mentioned in the application form. Eg: Minimum bid lot in IPO of XYZ co. - 10 Bid-lot Multiples of 10 Price Band - 100-120. It... |
What is Book building ? | Book Building is basically a process used in Initial Public Offer (IPO) for efficient price discovery. It is a mechanism where, during the period for which the IPO is open, bids are collected from investors at various prices, which are above or equal to the floor price. The offer price is determined as per the various ... |
What is cut-off price & How is it decided? | A retail investor can bid at any price within the price band or can bid at cut-off. Cut-off means the investor is ready to pay whatever price is decided by the company at the end of the book building process. While making the application at Cut off, the investor is required to pay the amount at the highest price band..... |
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