Buyback tender-quota calculator
Bottom lineIf you hold ≤ ₹2 lakh of a stock on the record date, a tender buyback reserves 15% of the offer for your category — a structural advantage no institution can crowd into. This page does that acceptance-ratio arithmetic for a personal-scale holding. Arithmetic, not advice.
Tender-offer buybacks reserve 15% for the small-shareholder category (holdings ≤ ₹2,00,000 by market value on the record date — SEBI Buyback Regulations). That cap is the moat: the acceptance ratio in the small category is structurally higher precisely because no large pocket can crowd in. This page is the arithmetic of that trade — nothing more.
⚖️ What this is not: the acceptance ratio below is your assumption — realized ratios are company-published after each offer and are not in our data, so we refuse to fabricate a prior (the sensitivity table exists instead). Eligibility is measured on the record date — a rally can push a ₹2L position over the category line, so size with a buffer. Simple annualization, stated as such. Arithmetic, not advice.
⚠ Above ₹2,00,000 you are OUT of the small-shareholder category — the general-category acceptance ratio is typically far lower.
Buybacks on the corporate-actions tape
From the nightly primary-source feed (30 most recent; the archive holds 344 back to 2012). Click a parsed price to load it into the calculator; details text is shown raw — parse quality varies.
Mechanism: SEBI Buyback Regulations reserve 15% of a tender offer for small shareholders; entitlement is pro-rata within the category and companies publish the final acceptance ratio with the offer results. The residual leg (unaccepted shares) carries the market risk — the breakeven exit price above is the honest way to see it. Personal-scale by construction (charter §2.4): this is a capacity-moat anomaly, not a fund strategy. E-10; a drift/event STUDY on buyback announcements would need its own pre-registration.