Aksharchem India Ltd Buyback 2021
The Journey of More than 25 Years were full of Strengthening our mind and Character, Times changed, Technology changed and People changed but one thing was always common in AksharChem was Determination and Resilience.
Therefore after 27 Years
• They are one of the fastest growing vinyl sulphone manufracturers in india.
• Today They are India’s Leading exporters of vinyl sulphone.
• Today They are one of the most trusted and reputed vinyl sulphone suppliers to the world’s leading chemical companies.
• Today, we are one of the most environment friendly chemical companies across the globe.
At Aksharchem, they chose to be environment friendly chemicals company. They have facility for Zero Liquid Discharge. Which they practice to provide best quality products to the world with keeping in mind of environment and therefore today we are doing turn over of Rs. 187.7 Cr. Compare to Rs. 2.68 Cr. In 1993-94.
AksharChem was promoted by Mrs. Paru M. Jaykrishna in 1989. It is headquartered in the chemical belt of Mehsana (Gujarat). It is engaged in the business of dyes and pigments manufacturing. The Company’s shares are listed in the BSE Limited (BSE), National Stock Exchange of India Limited (NSE) and Ahmedabad Stock Exchange Limited (ASE).
During this journey we have always focused on
• Strengthening product quality.
• Widening product portfolio.
• Spreading to new regions.
• Delighting customers.
Buy Back Offer Deal:
|Buyback Type:||Tender Offer|
|Buyback Record Date:||Nov 12 2021|
|Buyback Opening Date:||Dec 08 2021|
|Buyback Closing Date:||Dec 21 2021|
|Buyback Offer Amount:||₹ 9.9 Crores|
|Date of Board Meeting approving the proposal:||Oct 29 2021|
|Date of Public Announcement:||Oct 29 2021|
|Buyback Offer Size:||2.07%|
|Buyback Number of Shares:||1,69,491|
|Price Type:||Tender offer|
|Buyback Price:||₹ 590 Per Equity Share|
Details of Buyback:
Salient financial parameters:
|Particulars(in Cr)||Mar 2016||Mar 2017||Mar 2018||Mar 2019||Mar 2020||Mar 2021|
|Profit before tax||26||79||43||33||19||17|
|EPS in Rs||22.75||72.37||37.26||27.54||19.16||15.24|
How to Participate in buyback?
Profit from the buyback on the bases of acceptance Ratio:
|Amount Invested in Buyback||170690||170690||170690||170690|
|No. of Shares buyback||112||169||254||338|