How to Apply for Buyback in Angel One?
By participating in the buyback, investors can sell their shares at a premium over the market price. The below steps will help you apply for a buyback with Angel One.
Steps to Apply for Buyback with Angel One
To apply for a buyback with Angel One, you can refer to the below steps.
| Steps | Description |
| 1 | Check buyback eligibility before applying |
| 2 | Log in to your Angel One account |
| 3 | Find the buyback offer you choose to apply for |
| 4 | Enter the required tender details |
| 5 | Submit your request |
| 6 | Keep monitoring the status of your request |
How Do I Apply for Buyback with Angel One?
The process and the steps are listed below:
Step 1: Holding shares of the company as of the record date is an important eligibility criterion to go through before applying for the buyback.
Step 2: After logging in to your Angel One account, go on to the portfolio area.
Step 3: Search for the buyback offer under the Corporate Actions section located in the portfolio.
Step 4: Once you have evaluated the buyback ratios, you can tender some shares by entering both the shares you would like to tender and the details on the tender.
Step 5: It is possible to submit the buyback request, but first the user must authenticate (for example, an OTP on the email or SMS).
Step 6: Once the request has been submitted, the request for the approval or rejection of a specific transaction can be checked in either the Order History or Corporate Action sections.
Types of Share Buyback
The different ways to buyback shares in India are listed below.
- Tender Offer
In this method, the company buys back its shares from the shareholders proportionately within a predetermined time.
- Open Market
The company purchases back its shares from the market directly through an open market offer. This procedure is carried out through the company’s brokers. It entails the buyback of a significant number of shares.
- Tender offer with fixed price
In this buyback strategy, the company issues a tender with a fixed price for purchasing the shares. It is usually higher than the existing market price. The tender offer is valid for a limited time. It is generally open for a few days only.
- Dutch Auction Tender offer
Here, the company offers a range of prices for shareholders to choose from. The stock’s minimum price exceeds the existing market value.
Conclusion
Overall, applying for a buyback with Angel One is a straightforward process that involves checking your eligibility, filling out the tender form accurately, and keeping track of the buyback progress. Following these steps properly, you can confidently participate in buyback offers and maximise this opportunity as an investor.