Go Back   ManagementParadise.com | Management & Business Education Learning Platform PUBLISH / UPLOAD PROJECT OR DOWNLOAD REFERENCE PROJECT > Financial Management

GREEN SHOE OPTION FOR TCS

Discuss GREEN SHOE OPTION FOR TCS within the Financial Management forums, part of the PUBLISH / UPLOAD PROJECT OR DOWNLOAD REFERENCE PROJECT category; Important Terms in Greenshoe option: Stabilizing Agent (J M Morgan Stanley) Greenshoe lender (Tata Sons, Sheba Properties, Kalimati Investment Company, ...

Reply

 

Thread Tools Display Modes
GREEN SHOE OPTION FOR TCS
Old
 (1 (permalink))
Abhijeet S
abhishreshthaa is a splendid one to beholdabhishreshthaa is a splendid one to beholdabhishreshthaa is a splendid one to beholdabhishreshthaa is a splendid one to beholdabhishreshthaa is a splendid one to beholdabhishreshthaa is a splendid one to beholdabhishreshthaa is a splendid one to behold
 
abhishreshthaa
Operations Manager at Management Paradise
Management Paradise Guru
 
Status: Offline
Posts: 7,045
Join Date: May 2010
GREEN SHOE OPTION FOR TCS - September 3rd, 2010

Important Terms in Greenshoe option:

Stabilizing Agent (J M Morgan Stanley)
Greenshoe lender (Tata Sons, Sheba Properties, Kalimati Investment Company, etc.)
Greenshoe transferor (Tata sons)
GSO Bank account
GSO Demat account


NUMBER OF GREENSHOE OPTIONS PROPOSE:




Tata Son. 3,690,080

Sheba Properties Limited. 1,394,750

Kalimati Investment Company Limited 981,062

Af-taab Investment Company Limited . 751,988

Shapoor Pallonji Mistry. 750,000

Cyrus Pallonji Mistry . 750,000

Total. 8,317,880




THE PROCEDURE:
  • Tata Consultancy Services’ (TCS) initial public offering comes with a greenshoe option of up to 0.83 cr. equity shares.*

  • A company shall appoint one of the lead book runners as the “stabilizing agent.”

  • Green Shoe Lenders will transfer the Equity Shares to the Stabilizing Agent upon exercise of the Green Shoe Option.

  • The Equity Shares borrowed from Green Shoe Lenders or purchased in the market for stabilizing purposes will be in demat form only.

  • The monies received from the applications for Equity Shares in the Offer against the over allotment shall be kept in the GSO Bank Account and shall be used only for the purpose of stabilization of the post listing price of the Equity Shares.


Greenshoe option will be allocation firstly
  • # For Employees: Employees reservation portion in an amt of up to
  • 10% of the number of equity shares over allotment .
  • # Qualified institutional buyers (60%)
  • Non-institutional biders (15%)
  • Retail Individual Bidders (25%)
  • Assuming full demand in each category.


  • After the allocation, the Stabilising Agent shall transfer the Over-Allotment Shares from the GSO Demat Account to the respective depository accounts of successful Bidders.


  • For the purpose of purchasing the Equity Shares, the Stabilizing Agent shall use the funds lying to the credit of GSO Bank Account.
  • In the event the Equity Shares lying to the credit of the GSO Demat Account at the end of the Stabilisation Period but before the transfer to the Green Shoe Lenders is less than the Over Allotment Shares, the Green Shoe Transferor shall within five days of the end of the Stabilisation Period transfer Equity Shares in dematerialized form in an amount equal to such shortfall to the credit of the GSO Demat Account.


  • The Equity Shares transferred by the Green Shoe Transferor shall be
    returned by the Stabilising Agent to the Green Shoe Lenders in final settlement of Equity Shares borrowed, being credited into the GSO
    Demat Account,


  • Upon the return of Equity Shares to the Green Shoe Lenders the Stabilizing Agent shall close the GSO Demat Account.


  • The Equity Shares returned to the Green Shoe Lenders under this clause shall be subject to remaining lock in-period,
Advertisements



Help Others > Network > Grow


Work with us part time/full time as forum moderator. Email us your resume on careers @ managementparadise.com PLS PRESS THANKS BUTTON IF U LIKED MY POST.


To view links or images in signatures your post count must be 0 or greater. You currently have 0 posts.
Friends: (0)
Reply With Quote
Reply

Bookmarks

Tags
green, option, shoe, tcs
Related to GREEN SHOE OPTION FOR TCS
 

Similar Threads

Thread Thread Starter Forum Replies Last Post
What's the right sports shoe for you... Pratik Bharti General Talks 4 July 5th, 2019 11:19 AM
Indian Shoe care Industry ichaudhary Management of Small Scale Industries ( MSSI ) 4 November 2nd, 2015 11:13 PM
GREEN SHOE OPTION Abhijeet S Financial Management 0 September 3rd, 2010 06:21 PM
Shoe sales and recession-Any relation? Deepak Narayanan HOT Debates - The Big Fight 8 January 15th, 2010 05:07 PM
SUPERVISOR - SHOE FABRICATION UNIT, 4-6 years exp, Chandigarh Maya Raichura JOB OFFERS , Recruitments , Placements !! 0 June 20th, 2009 01:20 AM
 


Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On
Trackbacks are On
Pingbacks are On
Refbacks are Off


ManagementParadise.com is not responsible for the views and opinion of the posters. The posters and only posters shall be liable for any copyright infringement.



Search Engine Optimization by vBSEO ©2011, Crawlability, Inc.