We at Jainam Share Consultants Pvt. Ltd. Recommend New retail investors to “Not to Participate" Balrampur Chini Mills Ltd. at Rs.134.65 and also recommend retail investors who already holds position in the company to “Participate” in Buyback. In the case of acceptance ratio from 20% to 100%, there will be high probability of positive returns from 3.23% to 29.97%. Due to the high public shareholding in company, there will participation of several existing and new investors in this buyback opportunity, we expect the acceptance ratio to be very low. During last buyback done by the company the acceptance ratio was around 9%.