Accepted 7 out of 100 7%.
Aarti Drugs Buyback 2021
Aarti Drugs Limited is engaged in manufacturing of Pharmaceuticals products. The Company has established a strong presence in the Anti-diarrhea, Anti-inflammatory therapeutic groups. With its manufacturing facilities at Tarapur and Sarigam, the Company manufactures Vitamins, Anti-arthritis, Anti-fungal, Antibiotics, ACE inhibitors, besides its range in, anti-diabetic, anticholinergic, sedatives and anti-depressant drugs. The Company is a part of the Alchemie Group of Companies.
Buy Back Offer Deal:
|Buyback Type:||Tender Offer|
|Buyback Record Date:||Apr 01 2021|
|Buyback Opening Date:||Apr 27 2021|
|Buyback Closing Date:||May 10 2021|
|Buyback Offer Amount:||₹ 60 Crores|
|Date of Board Meeting approving the proposal:||Mar 19 2021|
|Date of Public Announcement:||Mar 19 2021|
|Buyback Offer Size:||9.82%|
|Buyback Number of Shares:||600000|
|Price Type:||Tender Offer|
|Buyback Price:||₹ 1000 Per Equity Share|
Details of Buyback:
The Board of Directors of the Company at its meeting held on 19.03.2021 has interalia approved a proposal to buy back up to 6,00,000 Equity Shares of the Company, being 9.28% of the total paid up equity share capital and free reserves of the Company, for an aggregate amount not exceeding Rs.60 Crores at Rs. 1000 under the Tender offer route using the stock exchange mechanism
Salient financial parameters:
|Particulars (in Cr)||Mar-15||Mar-16||Mar-17||Mar-18||Mar-19||Mar-20|
|Profit before tax||100||95||116||125||131||185|
|EPS in Rs||7.97||7.09||8.57||8.73||9.52||15.17|
How to Participate in buyback?
Profit from the buyback on the bases of acceptance Ratio:
|Amount Invested in Buyback||1,49,000||1,49,000||1,49,000||1,49,000|
|No. of Shares buyback||66||100||150||200|
Accepted 2 out of 10
1 out of 7
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I have received email and this quantity is mentioned as zero.
Entitlement for Buyback in terms of the number of Equity Shares-0
Am I eligible for buyback?
Where do you see AARTIDRUGS by end of June 30th, 2021. Will it surpass the Offer price of Rs. 1000 ?
How to apply buyback aarti drugs ltd in zerodha
Directly from the app
So far I hvnt recd any link / form etc for the buy back offered by the company or my broker Angel Broking.
How to aply now???
Please check your email. You must have receive the link. Or else contact Angel Broking, they will provide.
Entitlement 1 out of 100
Opens on 27th April and closes on 10th May
Just 1? Can you please confirm that. If 9.82% is the buyback offer, you should be entitled to 9.82% out of 100, that is an offer for at least 9-10 shares. It would be more, if there are less no. of small shareholders than the 15%, as 15% reserved for retaiil shareholders. Can someone explain if something is wrong in my calculations?
Yes, RamaD. BUYBACK size is just 0.64% not 9.82%.
As Retail Shareholders as on Record Date are 21.84%, (More than 15%)
so, Retail Entitlement is around 1.31 Lakh Shares (21.84%) out of 6 Lakh Buyback size. (Not 15% or 90,000 Shares i.e. Retail Quota)
Entitlement Ratio becomes 1.31 Lakh (Entitled)/932 Lakh (of Total issued/authorised/paid up Equity shares) or 1.405% (ER)
As per Past Acceptance %, AR likely to be 9-10%.
Apply Date kab se kab ki h
Whether the buy back of Aarti Drugs Ltd shares are in electronic form or physical form..?
I try to apply for Aarti drug on 1april, but it didn’t apply as u have to apply till it ex date 31march
Are there any formalities /steps I need to do on the record date on fools day if any thing more orso I amm interested in participating buyback- ARTI DRUGS
If i will buy today then it will be eligible for buy back or not .Icici direct showing 6.04.21 delivery date today.
what is probability of acceptance from retail segment?
if it is 10% than very less profitable because balance unaccepted shares may not fetch 745/ price.
How to know if one share wi be accepted by the company or not
Buy 1 share to get rs.200
Only 0.64% and that too promoter will participate .
There should be something remarkable about this company for the recent 500% rise in the price, which is not clear from the financials. That should hold the key to investing.
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