Amrutanjan Health Care Limited Buyback 2023
Amrutanjan Healthcare Limited is an Indian Pharmaceutical Company headquartered in Chennai, Tamil Nadu, India. It was founded by Kasinadhuni Nageswara Rao in Bombay in 1893.
The 118-year-old Amrutanjan brand has been repositioned with ‘Pure Healthy Essence’ as its corporate promise to consumers. This magnifies Amrutanjan’s inherent association with naturalness, science and trust.
Amrutanjan is now taking action to focus on the competency of each product and its application. The company’s current offerings have been segregated to 3 sub brands: Kick Out Pain for pain management, Relief for congestion management and Purity for hygiene products. From R&D to branding, retail activation to advertising communication, Amrutanjan is positioning itself as a specialist in the competitive scenario
Buy Back Offer Deal:
| Buyback Type: | Tender Offer |
| Buyback Record Date: | Jul 13 2023 |
| Buyback Opening Date: | Jul 19 2023 |
| Buyback Closing Date: | Jul 25 2023 |
| Buyback Offer Amount: | ₹ 28.8 Cr |
| Date of Board Meeting approving the proposal: | Jun 30 2023 |
| Date of Public Announcement: | Jun 30 2023 |
| Buyback Offer Size: | 1.10% |
| Buyback Number of Shares: | 3,20,000 |
| Price Type: | Tender Offer |
| FV: | 1 |
| Buyback Price: | ₹ 900 Per Equity Share |
Details of Buyback:
Salient financial parameters:
| Particulars (in Cr) | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
| Sales + | 253 | 261 | 333 | 406 | 380 |
| Expenses + | 222 | 231 | 258 | 326 | 335 |
| Operating Profit | 31 | 31 | 75 | 80 | 44 |
| OPM % | 12% | 12% | 22% | 20% | 12% |
| Other Income + | 7 | 8 | 11 | 15 | 15 |
| Interest | 0 | 0 | 1 | 1 | 0 |
| Depreciation | 3 | 4 | 4 | 4 | 5 |
| Profit before tax | 35 | 34 | 82 | 91 | 54 |
| Tax % | 29% | 27% | 25% | 26% | 26% |
| Net Profit + | 25 | 25 | 61 | 67 | 40 |
| EPS in Rs | 8.39 | 8.58 | 20.93 | 22.99 | 13.63 |
| Dividend Payout % | 26% | 24% | 20% | 20% | 26% |
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 | 1,66,056 | 1,66,056 | 1,66,056 | 1,66,056 |
| No. of Shares Buyback | 73 | 111 | 166 | 222 |
| Buyback Profit | 11,096 | 16,872 | 25,232 | 33,744 |
| Profit% | 6.68% | 10.16% | 15.19% | 20.30% |
25 Comments
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Acceptance ratio seems to be 20 %
2 out of 10
A R about 8.5%
Please recheck your share submitted and shares accepted numbers
When can we get the confirmation on acceptance. Can someone tell me
Expected ar
Retail & General category same entitlement ratio.
2 out of 91 shares.
53,562 shares reserved for retail category. ( Above 15% )
Roughly 16.73% of 3,20,000.
Not good as expected
I have kept myself away from it, but feel sorry for those who bought more than one share.
Single single acceptance not sure as
No of share holders around 80k.
Entitlement ratio is 2 out of 91 so roughly 2.2
Any suggestion on Amrutanjan Buyback by senior members?
BSE LIMITED has informed the Exchange about Board Meeting to be held on 06-Jul-2023 to consider Buyback.
Seems to be risky with very small AR expected. Considering the bull market, better options in Secondary market. Would let this pass…
NOT SO ENCOURAGING FOR RETAILERS BECAUSE
ACCORDING TO
MAR 23 SHARE HOLDING PATTERN ALREADY 67186 SHARE HOLDER IN <2L CATEGORY. AND ONLY 48000 SHARE ARE RESERVED AND AT LAST PRICE ARE INCREASE SUBSTANTIAL ALREADY
**COMMENTARY WAITED FROM VETERAN ON ABOVE MENTIONED THOUGHT THANKS
As mentioned 67186 shares holder is not only below 2 lac / retail holder but it is the total no of public holding combindely.
Anjay bro 67186 share holders are exactly who those held approximately 2 lacs or less than 2 lacs value share as on 31 March
48000 cant say fixed for small share holders.
SEBI (Buyback of
Securities) Regulations,
• As per Regulation 6 of the 2018, fifteen percent of the number of securities which the company proposes to buy back or number of securities entitled as per their shareholding, whichever is higher, shall be reserved for small share holders.
Yes mohsin bro
But I think most of time reserved quota i.e.15% of total number of share to be BUYBACK is greater than entitlement ment for reserved category.
More explain is waiting from you if not so
Yes. In 90% case
15% shares reserved for buyback Retails.
Lets see in this what holding pattern comes on record date
53,562 shares reserved for retail category. ( Above 15% )
Roughly 16.73% of 3,20,000.
Buyback @ Rs 900 per share via tender offer
Thank you Rohit Ji for the prompt update. 1.1% is too low.Will buy around ₹650 / if and when available.
Buyback premium is about 20% to CMP
Buy back size is too low. Likely to loose money if price falls after acceptance. A R may not be much. Avoiding.
Respecting SRK JI, I am waiting for the outcome of the Board meeting to consider purchase. Already share price has gone up substantially.