You can apply for Buy-back by following these steps:

1.Login to the Upstox app using your 6-digit Pin or biometrics.

2. Click on the Profile icon under the Account tab. 

3. Select ‘My account’ and then select ‘ Actions.’

4. Select 'Corporate Actions.'

 

5. Click on the required title Buyback.

 

6.Select the required stock for Buyback.

    

7. Enter the quantity and click on 'Apply.'

   

8.If POA is updated, then buyback will be confirmed.

    

OR

9. If applying via CDSL pin, click on 'Continue to CDSL' if TPIN is available.

   

11. If TPIN is not available, scroll down and select ‘Generate PIN on CDSL.'

    

12. Enter the TPIN and approve the transaction. The next important step is to click on the "Close this Tab" button.

   

 13. Click on 'Done.'

    

 14. You can check the order status under the ‘Orders placed ‘ tab.

   


Important Notes:

  • Buy-back orders are collected until 12:00 PM on the offer end date. Make sure that you hold enough quantity in your Demat account before the closure of the offer end date. 
  • Charges for the orders placed online are flat ₹20 + GST. These charges are non-refundable irrespective of orders accepted/rejected/failed.
  • Statutory charges are applicable during a Buyback transaction.
  • All the funds for your accepted shares will be directly credited to your bank account and in case of excess shares, they will be credited back to your Demat account by the registrar and transfer agents (RTA).
  • Ensure that you apply your shares during the offer window. Offers cannot be made after the window closes. The acceptance ratio will be calculated only when the offer window closes and it will be based on the number of shares applied along with the number of retail investors participating in the buy-back.
  • If you apply for more shares than your entitlement, then whether these additional shares will be accepted for buy-back or not will solely depend on the acceptance ratio decided by the company.
  • If your shares are pledged, you will have to unpledge the share before applying for Buyback.