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Tender route aur open market route ka farq, aur acceptance ratio ka asli ganit
Published by The Retail Trader · JUL 31, 2026 · Market Basics
Buyback mein company apne hi shares wapas kharid kar cancel kar deti hai. Isse outstanding shares kam ho jaate hain, aur baaki har shareholder ka hissa thoda bada ho jaata hai. Ye idea seedha hai; uska execution nahi.
Tender route mein company ek fixed price par offer deti hai aur aap apne share offer mein daalte ho. Yahan aksar retail ke liye ek reserved hissa hota hai.
Open market route mein company market se hi normal trading ke through shares kharidti hai. Aapko kuch karna nahi hota, aur ye guarantee bhi nahi ki aapke share hi bikenge.
Tender buyback mein sabse zyada galatfehmi yahin hoti hai:
• Offer price par aapke saare share nahi liye jaate — sirf ek ratio ke hisaab se liye jaate hain.
• Jitne log tender karenge, ratio utna hi gir jaayega.
• Jo share accept nahi hote wo aapke paas rehte hain, aur unka bhaav buyback ke baad kahin bhi ja sakta hai.
• Isliye "buyback price zyada hai to profit pakka" wala hisaab poora hisaab nahi hai.
Buyback ko ek signal ki tarah padho, ek trade ki tarah nahi. Cash rich company ka buyback ek baat kehta hai; karz lekar kiya gaya buyback bilkul doosri baat kehta hai.
Ye article sirf educational hai — koi buy ya sell recommendation nahi, koi guaranteed return ka daawa nahi, aur koi advisory nahi. Rules, rates aur mechanics exchange, SEBI aur RBI time-time par badalte hain, isliye har number apne broker ya official source par khud verify karo.