Latest Buyback IPO / Shares - Upcoming Buyback IPO 2024 | Religare Broking

Buyback Shares

Delve into the world of Buyback IPO or Shares with us! Uncover the bidding process, features, and strategies to maximise profits in this alternative to traditional IPOs.

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Buyback IPO

Company Name Record Date Open Date Close Date BuyBack Price Issue Size (Amount) Listing At
Cheviot Company IPO Jun 14, 2024 - - ₹ 1800 ₹ 31.50 Cr BSE, NSE
Garware Technical Fibres IPO Mar 26, 2024 Apr 1, 2024 Apr 5, 2024 ₹ 3800 ₹ 199.50 Cr BSE, NSE
Orbit Exports IPO Feb 13, 2024 Feb 20, 2024 Feb 26, 2024 ₹ 250 ₹ 15.00 Cr BSE, NSE

The initial public offering (IPO) is a well-known method for companies to raise funds from the public and become publicly traded on the stock market. However, a lesser-known alternative to the traditional IPO is the buyback, a reverse merger. This method allows private companies to become publicly traded by acquiring an already existing company.

What is Buyback Share?

Buyback refers to a strategic move employed by a company to repurchase its shares from the open market. This process effectively reduces the number of outstanding shares available to the public. The motivation behind such a corporate action can vary, from boosting the stock price to increasing shareholder value.

By repurchasing shares, a company can demonstrate confidence in its financial health and signal to investors that it believes the stock is undervalued.

Types of Buyback Share

Companies can utilise different types of buybacks to repurchase their shares. One common type is open market purchases, where the company buys its shares directly from the market at prevailing market prices.

This allows for flexibility in the timing and quantity of shares purchased. Another type is tender offers, where the company makes a public offer to shareholders to buy back their shares at a specified price within a specified time frame.

Tender offers allow shareholders to sell their shares back to the company if they choose to do so. Both options aim to reduce the number of outstanding shares and can have various implications for the company and its shareholders.

How to Bid for Buyback Share?

To apply for a share buyback online, ensure you understand the tendering process. Check your Demat account for the buyback option, noting the fixed price and offer validity. Verify eligibility based on the record date, ensuring shares are held before this date.

Complete the tender form provided by the company, specifying the number of shares for buyback. Upon submission, shares are transferred to the company's R&T agent, with acknowledgement from your brokerage.

Any excess tenders beyond the acceptance ratio are credited back to your Demat account. The acceptance ratio, determined by total tenders, estimates the likelihood of your shares being repurchased. Ultimately, applying for a buyback involves submitting the tender form, considering factors like the record date and fixed price.

Features of Buyback Share

One of the key features of such a corporate action is that it allows companies to repurchase their shares from existing shareholders. This process can have several reasons and implications for the company and its shareholders. Here are some important features to consider:

Reasons for Companies to Buyback Shares

Financial Implications

Effects on Shareholders

Also Checkout Other IPO Events

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SME IPO updates

Make a smart move - Invest in SME Initial Public Offering

Get latest updates on small & medium enterprise IPO events, track you application status & stay updated with upcoming, new & closed IPOs with us.

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Latest SME IPO - June 2024

Listed GMP IPO
Company Name Open Date Close Date Allotment Date Listing At Issue Size (In Cr.) Lot Size IPO Type
Magenta Lifecare IPO Jun 5, 2024 Jun 7, 2024 10 Jun 24 12 Jun 24 ₹ 7.00 Cr 4,000 SME
Sattrix IPO Jun 5, 2024 Jun 7, 2024 10 Jun 24 12 Jun 24 ₹ 21.78 Cr 1,000 SME
3C IT IPO Jun 4, 2024 Jun 7, 2024 10 Jun 24 12 Jun 24 ₹ 11.44 Cr 2,000 SME

Closed SME IPO

SME IPO 2024
Company Name Open Date Close Date Allotment Date Listing At Issue Size (In Cr.) Lot Size IPO Type
Magenta Lifecare IPO Jun 5, 2024 Jun 7, 2024 10 Jun 24 12 Jun 24 ₹ 7.00 Cr 4,000 SME
Sattrix IPO Jun 5, 2024 Jun 7, 2024 10 Jun 24 12 Jun 24 ₹ 21.78 Cr 1,000 SME
3C IT IPO Jun 4, 2024 Jun 7, 2024 10 Jun 24 12 Jun 24 ₹ 11.44 Cr 2,000 SME

Upcoming SME IPO

SME IPO 2024
Company Name Open Date Close Date Allotment Date Listing At Issue Size (In Cr.) Lot Size IPO Type
Magenta Lifecare IPO Jun 5, 2024 Jun 7, 2024 10 Jun 24 12 Jun 24 ₹ 7.00 Cr 4,000 SME
Sattrix IPO Jun 5, 2024 Jun 7, 2024 10 Jun 24 12 Jun 24 ₹ 21.78 Cr 1,000 SME
3C IT IPO Jun 4, 2024 Jun 7, 2024 10 Jun 24 12 Jun 24 ₹ 11.44 Cr 2,000 SME

Also Checkout Other IPO Events

What is an SME IPO?

SME IPOs, also known as Small and Medium Enterprise IPOs, function similarly to traditional Initial Public Offerings (IPOs) but are specifically issued by small and medium-sized businesses. These companies turn to IPOs when their financial needs surpass what private investors can provide.

Once the IPO process concludes, the shares of the SME are listed and traded on the stock exchange, allowing public investors to purchase these shares and become stakeholders in the company. This provides an opportunity for both the SME and the investors to benefit from the growth and success of the business.

Features of SME IPO

  1. Growth Potential: SMEs often have significant growth potential, and investing in their IPOs allows investors to participate in the early stages of their growth trajectory. These companies may operate in niche markets or emerging industries with high growth prospects.
  2. Diversification: These IPOs provide investors with opportunities to diversify their investment portfolios beyond large-cap stocks or traditional investment options. Diversification can help mitigate risk by spreading investments across different sectors and company sizes.
  3. Potential for Higher Returns: Due to their growth prospects, SMEs may offer higher returns compared to more established companies. Early investors in successful IPOs can benefit from capital appreciation as the company grows and expands its market presence.
  4. Access to Emerging Markets: SME IPOs often represent companies that are at the forefront of innovation or operating in emerging markets. Investing in these IPOs allows investors to gain exposure to sectors and industries that may not be well-represented in larger stock exchanges.
  5. Support for Economic Development: Investing in SME IPOs can contribute to economic development by providing capital to small and medium-sized businesses, which are important drivers of job creation and innovation in many economies.

How to Apply for an SME IPO?

To apply for an SME IPO, you will need to follow a step-by-step approach that ensures a smooth and successful application process:

  1. Conduct thorough research on the SME and its financials to comprehensively understand its business model, growth prospects, and market potential.
  2. Open a demat account. This is necessary as shares allotted through the IPO will be credited to your demat account.
  3. Look for the IPO section and choose the one you wish to invest in.
  4. Enter the required details like the number of lots and bid price and submit your application.

Small and medium-sized enterprises (SMEs) drive economic growth and innovation. With their limited financial resources and relatively small market share, these businesses often face challenges when it comes to raising capital. However, with the rise of initial public offerings (IPOs), SMEs have found a new avenue to access much-needed funds and expand their operations. Let’s explore what these current SME IPOs are.

Eligibility criteria

SME IPO Listing Process

Here's a clear breakdown of what SMEs must do to transition from private to public entities.

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