FDC Buyback 2022
(i) A young visionary, Anand Chandavarkar, in the backdrop of India’s independence struggle, dreamed of building a world-class company in 1936. His vision of freedom was to create, to build, and to industrialize, in order to make the nation self-reliant in healthcare. In 1940, this partnership firm was incorporated as a private limited company – Fairdeal Corporation (Private) Limited and in 1986 its name was changed to FDC Private Limited. Thereafter, FDC became a public limited company and was listed on the Bombay and National Stock Exchange of India in 1996.
(ii) Today, FDC carries forward the flaming spirit of its first dream, achieving accreditations from the US-FDA, UK-MHRA, MCC-RSA, and the UAE, to cite a few.
FDC is a forerunner in the manufacturing and marketing of Oral Rehydration Salts (ORS) and Ophthalmics.
FDC has also set-up globally approved, multi-location manufacturing facilities for Active Pharmaceuticals Ingredients (APIs) as well as Finished Dosage Forms. These facilities are located at Roha, Waluj and Sinnar in Maharashtra, Verna in Goa, and Baddi in Himachal Pradesh.
FDC markets more than 300 products in India and exports many of these to over 50 countries.
Buy Back Offer Deal:
| Buyback Type: | Tender Offer |
| Buyback Record Date: | Feb 19 2022 |
| Buyback Opening Date: | Apr 12 2022 |
| Buyback Closing Date: | Apr 27 2022 |
| Buyback Offer Amount: | ₹ 137.75 Crores |
| Date of Board Meeting approving the proposal: | Feb 09 2022 |
| Date of Public Announcement: | Feb 09 2022 |
| Buyback Offer Size: | 1.72% |
| Buyback Number of Shares: | 2900000 |
| Price Type: | Tender Offer |
| FV: | 1 |
| Buyback Price: | ₹ 475 Per Equity Share |
Details of Buyback:
Salient financial parameters:
| Particulars( in Crores) | Mar-15 | Mar-16 | Mar-17 | Mar-18 | Mar-19 | Mar-20 | Mar-21 |
| Sales | 888 | 994 | 1,013 | 1,074 | 1,089 | 1,309 | 1,331 |
| Expenses | 690 | 765 | 775 | 842 | 861 | 1,017 | 997 |
| Operating Profit | 199 | 229 | 238 | 232 | 228 | 291 | 334 |
| OPM % | 22% | 23% | 23% | 22% | 21% | 22% | 25% |
| Other Income | 46 | 39 | 50 | 45 | 43 | 114 | 95 |
| Interest | 2 | 1 | 1 | 1 | 1 | 3 | 3 |
| Depreciation | 39 | 34 | 35 | 35 | 33 | 38 | 38 |
| Profit before tax | 204 | 232 | 252 | 241 | 237 | 364 | 388 |
| Tax % | 27% | 27% | 25% | 28% | 28% | 22% | |
| Net Profit | 148 | 169 | 189 | 174 | 170 | 275 | 301 |
| EPS in Rs | 7.84 | 9.44 | 10.55 | 9.9 | 9.69 | 16.03 | 17.85 |
How to Participate in buyback?
Profit from the buyback on the bases of acceptance Ratio:
| Acceptance Ratio | 33% | 50% | 75% | 100% |
| Amount Invested in Buyback | 1,31,773 | 1,31,773 | 1,31,773 | 1,31,773 |
| No. of Shares buyback | 138 | 210 | 315 | 421 |
| BuyBack Profit | 22,356 | 34,020 | 51,030 | 68,202 |
| Profit | 16.9% | 25.8% | 38.7% | 51% |
Recommendation:
54 Comments
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61 Shares accepted out of 500
AR approx 12%
Not bad in current market situation!
All eyes on GAIL now..
29 Shares accepted out of 235
Fdc subscribe status
Today my dmat account debited for 12 shares against eligibility of 6. My holding was 100
Email received 39 out of 600. What will be accepted ratio ?
Email recd for BUYBACK. ER 6.4%
How do you know AR?
Filatex India share Buyback particulars:
Record Date: 8/4/2022
Buyback Price : Rs. 140/-
Mode of the buyback: Tender Offer
CMP: Around Rs. 127/-
Buyback Size: Rs. 59.5 Crores
Is any news about buyback of hinduja global in coming days?
Thanks SRK ji.
Seems to be agood profit making company at first instant . Also all the vitals seems to be good including retail %age etc…
Have bought 1000 at125.40 in one account only.
Would do more research to understand, why the market price is low considering its EPS. PES of 8.33 is also good..
I am missing some thing…
Kindly suggest your research or any info. Thanks
Thanks Sumitji, SRKji
What could be the possible retail ER that we can expect here…..Also, could see a gap of only 10% between the market price and buyback price. Any thoughts if it is good to enter.
Please share your views
HInduja would take 1-2 month atleast as would be done after Audit report is done…
Thanks SRK ji.
Seems to be agood profit making company at first instant . Also all the vitals seems to be good including retail %age etc…
Have bought 1000@125.40 in one account only.
Would do more research to understand, why the market price is low considering its EPS. PES of 8.33 is also good..
I am missing some thing…
Kindly suggest your research or any info. Thanks
“The meeting of Board of Directors of the Company will be held on Thursday, 31st March, 2022, to inter-alia consider Buy Back of the fully paid-up equity shares of the Company,” GAIL said in a filing.
Thanks for informing, should be bought at current price… Seeing the much escalated prive?
Sumit ji,
Unbelievable AR in TCS. 13/50 n 3/123. Very much disappointing. Let us be more watchful in the forthcoming Buybacks. Do you mind to share yours?
Yes, it is bad, I was expecting more in general, but there is huge gap between current and Rs 4500..
Anyway, as this is a good share,, i Would keep it..
Hello i am holding shares of ESCORTS but how to buy back please guide
How to participate in ESCORTS
Its not Buyback, but open offer. It is so cumbersome that I decided to sell in open market at very very small profit.
Anyway, rear letter of offer from Escorts and transfer shares to the Account specified using DIS Slip. Submit it to your broker and take receiving. Send the broker acknowledged copy of DIS Slip along with the application form to KFIntech (Registrar) by courier..
last date is monday and i don’t think it would be possible, but you can try.
Sorry for your loss
FDC Buyback opens on March 25th and closes on April 07 2022.
Sorry. It id Gulf oil byuback from 25th March to 7th April 22 .
Hello Sirs,
Could someone please advise regarding the escorts open offer?
Escorts open offer expected acceptance 51-80 pc. & price after close 1500-1600.
Thank you so much
Hello i am holding shares of ESCORTS but how to buy back please guide
How to participate in ESCORTS
Hello i am holding shares of ESCORTS but how to buy back please guide
Any New Buyback in pipe line?
upl buyback: board meering on 2nd march
Pennar industries today announced a buyback
Pennar industries has opted for a open market buyback. Max price Rs. 50. size – 40 crore
For Gulf oil – Page created, but not visible in buyback list:
Dear SRK ji
Important point: Promoters having 71% equity would apply for only 11 L Shares i.e. 2.18% shares only. So condition similar to Nucleus, where small share holder may have small acceptance of 10-25% and other than small share holders would have 20-40%.
Still, I feel like missing bus, as rate have appreciated from 485 to 512 and considering current market it may be possible that ultimately the return shares give more loss than gain in Buyback…
I may buy more than 2L but at less than 500 only///
Lets see, if it would be with me till 17th Feb, last day to buy for buyback
Sumit ji,
I am really indebted n grateful to you for your valuable guidance from time to time. I am learning a lot from your experience n expertise. Thank you once again for your kindhearted response to help me to learn more.
Sir, Thanks for nice words.
Request to kindly do a further research and with our collective wisdom.. We can achieve more…
Have you bought it? what do you feel of current rate of 512? IS it Ok to buy now?
Sir,
I have already purchased 200 shares @ around Rs.495/-. I have placed buy order for 100 shares @Rs. 501/-. I am waiting for the rate and depending upon the situation, I don’t mind to revise the price upto Rs.506/-. Thank you.
Thanks for the insights Sumit Ji.
Please check my analysis.
Retail quota Total Retail share capital (less than 2 Lac holding) Min ER =Retail quota/total retail shareholders (if all participate)
212.500 5.532.461 4%
Non Retail shares (total buyback-retail quota) Total Non Retail share capital ER – Non Retail (if all participate)
1.204.167 9.774.588 12%
It is not same as Nucleus. for Nucleus it was 44% and not 12%
Arbitrage is 15%
Yes Sir, its not as good as Nucleus as their promoter participation was far less and total share nos was higher.
But point is it is “Probably” better to apply in General category than in small share holder, as confirmed to us in nucleus…
I would prefer to apply as general in this, if I am able to get at less than 500..
And i can also compare to Mayur. Promoters stocks who are willing to participate is 1.254.869
Similar analysis gave me ER of 1% for retail, and around 10% for general (of all are willing to participate).
In practice it will be more.
And current arbitrage is 35%
So from General category POV, should one not go for Mayur, instead of Gulf?
Sir, For me to touch any company, I need security, after Buyback and there is probably more security in Gulf than Mayur ..
EPS , margins and other parameters dont let me do anything with companies like Mayur..
Sorry, but thats what I have learnt in 30 years..
Please excuse
Sumit ji,
I have purchased 200 shares of Mayur @ around Rs. 475/-. May I sell at the CMP and go for gulf. Please guide me as I am unable to take any decision in this regard. Thank you.
SRK ji,
Its difficult, as it depends on individual risk profile. I can only suggest to check the details of both company and take a learned decision. Gulf price has increased much.. so is becoming risky… I have yet not got into both of them…
Pl excuse
Sumit ji,
There is nothing to ask for an excuse. I wholeheartedly admire your nature and hence I may be taking too much liberty. After going through the particulars relating to Gulf, I have revised my purchase price to Rs. 511/- and got executed for 35 shares. Let me wait see the ultimate final outcome. Thank you.
I would respectfully disagree. And perhaps a discussion for some other forum. Mayur is on transformation path from a supplier to footwear to supplier to automotive sector since many years. And they are executing on it. And now they are starting to supply to European auto manufacturers also. Its also shows in their OPMs (mid teens at start of last decade and early 20s now).
Yes Sir, I agree.
I am not much aware and only seen such low %age and not so good history…
I have been proved wrong atleast 10 times than correct…
Today being the last day to purchase for buyback, how much quantity we can keep for Retail Quota?
200000/309 (CMP) = 647
or
200000/450 (BB price) = 421
Thanks seniors n guide
Sir, you may buy upto 500 shares. Buyback price is not the criteria but the price on record date which may not touch more than Rs.400/- range. All the best.
thanks,
FDC didnt touched Rs 320 even in last one month… so till 400 price with 500 shares we’re safe.. right sir
235 shares only were purchased for tendering for the buyback. Thank you.
Sumit ji,
May I please have your valuable views on the Buyback of GULF OIL LUBRICANTS INDIA LIMITED? Thank you, Sir. Will be hopefully n eagerly waiting for your kind response.
Please check in Gulf page, which is not visible in list but can be found by searching as Gulf..
Gulf Oil Lubricants India Limited Buyback Particulars:
Buyback size: upto 14,16,667 shares
Buyback price : Rs. 600/-
Mode : Through Tender Offer
Record date : February 21, 2022
Happy investing to all of you. Thank you.
Ratio retail
Results are very bad and %age (1.27%) is very low… I would look at it now, if rate falls to 270-280
Sir,
Thank you very much for your kind views which are taken note of.