How can I participate in / apply for a buyback offer?

In the case of a BuyBack offer, eligible shareholders will receive an offer letter via email/post from the issuer/Registrar & Transfer Agent (RTA).

To participate, you must have trading and demat accounts with Geojit.

The application process differs based on whether your account has an active PoA/DDPI authorization.

1. PoA/DDPI Authorized Accounts:

You can apply for Buyback through the following ways:

Through MyGeojit

Step 1. Login to MyGeojit > Products > Corporate Action

Step 2. Select Buyback, and you will be taken to the page.

Step 3. Select Place BID next to the Buyback you wish to apply for from the list of open issues

Step 4. First Holder Name, First Holder PAN, Eligible Quantity, Pledged Quantity, Available Quantity will be auto-filled.

Step 5. Fill in your other bid details:

Select Demat Account if you have more than one demat account
Select your Investor Type
Enter Buyback Quantity
Read the Terms and Conditions and Tick the check box
Click on Submit

You can view the BuyBack Status by just clicking on the "BuyBack Status" tab

Alternate method to apply for buyback :

Contact your Geojit branch

Send an email to customercare@geojit.com with your offer details. Ensure to include your Trade Code, DP ID, DP Client ID and Bid Quantity.

2. Non-PoA/DDP Authorized Accounts, Other DP Accounts (including B2B accounts):

If you have not submitted the POA/DDPI authorization for your demat account, or if your demat account is with another broker/bank (and your trading account is with Geojit), you will be required to submit a Delivery Instruction Slip (DIS) at the branch.
Please contact your Geojit branch for further assistance.

* Buybacks are treated as normal transactions. Hence, offline brokerage and other charges are applicable.

* The bid quantity cannot exceed the holding quantity in your demat account as on the record date. 

* Pledged shares cannot be submitted as part of a tender offer. Pledged shares must be unpledged before making a buyback application.

* Shares will be blocked in your demat account till the settlement of the buyback process.

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