A buyback is an offer from a company to buy back its own shares from shareholders, usually at a fixed price. On Rupeezy you take part by tendering your shares: go to Dock → Bids → Tender, open the active buyback offer, and place a bid for the quantity you want to tender — during the buyback's bidding window.
Where do I find buybacks?
In Dock → Bids → Tender. Active buyback (tender) offers appear there with their price and bidding dates. New to Dock? See how to open Dock.
Am I eligible to tender?
To tender your shares in a buyback:
- You must hold the shares in your demat as of the buyback's record date.
- The shares must be fully paid-up by the end of the bidding window.
- MTF (Margin Trading Facility) shares are not eligible — they're funded rather than fully paid, so they can't be tendered.
How do I tender my shares?
Open the offer and place a bid:
- Choose the quantity of shares to tender — at least the minimum bid quantity, up to the maximum, and in multiples of the lot size.
- The price is fixed at the buyback price — you don't set it; you're offering your shares at that price.
- The shares are tendered from your demat holdings.
Submit to place the bid. You can place one application per buyback.
Can I change or cancel my bid?
Yes — you can cancel your bid before the bidding window closes and before it's sent to the exchange. After the cutoff, it can't be changed.
When can I apply?
Only during the buyback's bidding window, which has a start and end date. On the last day, bids and cancellations close around midday (about 1 PM) — earlier than the exchange's own cut-off. This earlier cut-off gives us time to pay your shares in to the exchange before it closes. After that, you can't place or change a bid.
Do my shares need to be available?
Yes. For your bid to be sent to the exchange, your tendered shares are paid in (an early pay-in to the exchange) after the bidding closes:
- When the shares are paid in, they leave your demat holdings — this is expected and part of the process.
- If the shares aren't available to pay in, the bid fails (nothing is tendered).
- If only part of the quantity is available, the bid is reduced to the quantity that could be paid in.
So make sure the shares you want to tender are in your demat and free before the cut-off.
What if the shares I want to tender are pledged?
Pledged shares can't be tendered directly — you need to unpledge them first:
- Submit an unpledge request in the app (see how to pledge or unpledge shares).
- Unpledging frees the shares, but it also removes the margin those shares were giving you. Before you unpledge, make sure you'll still have enough margin to cover any open positions.
- If unpledging would leave you short on margin, add funds to your account or pledge another stock to make up the difference.
You can do all of this even on the last day, before the cut-off — as long as the shares are unpledged and free by then, your buyback bid will still go through.
What happens after I tender?
You can track your application's status under your Tender applications in Dock. Here's how the shares settle:
- All the shares you tendered are paid in to the exchange — so they all leave your demat first.
- If the buyback is oversubscribed, not all of them are accepted. The accepted shares are bought at the buyback price — the money is credited to the primary bank account linked to your demat (not your trading ledger) — and any unaccepted shares are sent back to your demat.
So it's normal to see the full tendered quantity leave your holdings, and then the unaccepted portion return once the buyback is settled.
Good to know
- A buyback is one of several corporate actions: cash dividends go to your bank, bonus and split shares are credited to your demat, and a buyback lets you sell shares back to the company.
- Buybacks use the same bidding system as IPOs.