FYERS allows clients to apply only for Tender Offer Buybacks. To participate, you must have eligible unpledged shares in your Demat account as per the record date announced by the company. If the shares are pledged, still under settlement, or were purchased after the record date, the Buyback option may not appear or the request may not go through.
FYERS supports applications only for Tender Offer Buybacks.
If the company’s Buyback is not available through the tender offer route, you will not be able to apply for it through FYERS.
The Apply Buyback option is available only during the active Buyback application period.
If the application window has not opened yet or has already closed, the option to apply will not be visible.
To be eligible for a Buyback, you must have held the eligible shares in your Demat account on or before the record date announced for that Buyback.
If you purchased the shares after the record date, you will not be eligible to participate.
Pledged shares are not eligible for Buyback participation.
If your shares are pledged, they will not be available for tendering in the Buyback.
T1 holdings are shares that are still under settlement and are not yet fully available in your Demat account.
Since Buyback eligibility is based on eligible shares held in your Demat account as of the record date, T1 holdings cannot be used for Buyback participation.
| Scenario | Solution |
|---|---|
| I can see the Buyback announcement, but I don’t see the Apply Buyback option on FYERS. | The Buyback may not be available as a Tender Offer Buyback on FYERS, or the application window may not be active yet. |
| I purchased the shares before the Buyback announcement. Why am I still not eligible? | Eligibility depends on whether the eligible shares were available in your Demat account before the record date, not just whether you purchased them before the announcement. |
| I bought the shares around the record date. Why are they not available for Buyback? | If the shares were still under settlement and reflected as T1 holdings, they would not be considered eligible for Buyback participation. |
| I have the shares in my holdings, but I still cannot tender them. | Check whether the shares are pledged or under settlement. Only eligible free shares available in your Demat account can be tendered. |
| I unpledged my shares after the Buyback window opened. Can I apply now? | You can apply only if the shares are available as eligible free holdings during the active Buyback application window. If they are still pledged or unavailable for tendering, you will not be able to use them for the Buyback. |