Differentiating Tender Offer and Open Market Buybacks on FYERS

Why can't I apply for all Buybacks on FYERS?

At FYERS, we enable our users to apply for Tender Offer Buybacks directly through the 'My Account' portal. To gain clarity on the application process, refer to this article. However, Open Market Buybacks cannot be applied for via FYERS.
  1. Tender Offer Buyback: This is a method where a listed firm proposes to repurchase its shares at a predetermined price from its shareholders. Applications for such buybacks can be conveniently placed using the 'My Account' portal. For information on active and upcoming buybacks, we recommend visiting the NSE Website.
For instance, a recent tender offer buyback was conducted by TCS. For an in-depth look at this, visit here.
  1. Open Market Buyback: This type of buyback occurs when a company procures its shares directly from sellers on the stock exchange. The duration of the buyback will be specified by the company, which can span several months. While the maximum buyback price is communicated by the company, not every seller might receive this maximum rate. Since open market buybacks transact in the secondary markets, they are not categorised under 'Buyback' in the 'My Account' portal on FYERS. As a result, such buybacks cannot be applied for via our platform. For insights into impending open market offers, you can consult the SEBI Website.
A live example of an open market buyback is the one initiated by Infosys. For a comprehensive understanding, kindly visit here.

    • Related Articles

    • Can I participate in NSE Buybacks via FYERS?

      Absolutely! At FYERS, we offer the facility to apply for buybacks on both NSE and BSE. To familiarise yourself with the process of applying for Buybacks, please refer to this article.
    • Can Minors Apply for IPOs on FYERS?

      No, IPO applications through minor accounts are not supported on FYERS. While a minor can hold a Demat account (with a guardian as the authorised signatory), IPO bidding is not enabled for such accounts. This restriction exists due to limitations in ...
    • How Can I Apply or Pre-Apply for IPOs in FYERS?

      Applying for an Initial Public Offering (IPO) in FYERS is completely online and can be done either during the live bidding period or in advance using the Pre-apply option. This feature is available for both Mainboard and SME IPOs (when supported by ...
    • How To Apply for IPOs Using Net Banking (ASBA) With Your FYERS Demat Account?

      If you don’t have a UPI ID or are applying for an IPO with a bid amount above ₹5 lakhs, you can apply through your bank’s net banking using the ASBA (Application Supported by Blocked Amount) method. What is ASBA? ASBA is an SEBI-approved process that ...
    • What Charges and Taxes Apply to Mutual Fund Investments in FYERS?

      Mutual fund investing on FYERS is cost-efficient and transparent. While there are no platform fees for purchasing mutual funds, certain regulatory charges and transaction-level costs do apply. Here’s a breakdown of stamp duty, DP charges, and how to ...