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Archidply Industries Limited Buyback 2021
Archidply Industries Ltd., a great name in wood panel industries, is not a dome built in three or four years! But, it is a feat of hard work, positive attitude, dedication, self-learning, and sacrificing all the leisure by the directors to build an industry that contributes to the overall development of the nation. The history of Archidply stretches straight back to the year 1976 when Assam Timber Products was first founded.
Buy Back Offer Deal:
|Buyback Type:||Tender Offer|
|Buyback Record Date:||Jan 19 2021|
|Buyback Offer Amount:||₹ 8.14 crores|
|Date of Board Meeting approving the proposal:||Jan 06 2021|
|Date of Public Announcement:||Jan 06 2021|
|Buyback Offer Size:||9.97%|
|Buyback Number of Shares:||22,00,000|
|Price Type:||Tender Offer|
|Buyback Price:||₹ 37 Per Equity Share|
Details of Buyback:
Salient financial parameters:
|Profit before tax||6||7||8||4||8||6|
|EPS in Rs||2.52||2.72||3.03||1.14||3.49||1.71|
|Dividend Payout %||0%||0%||0%||0%||0%||0%|
How to Participate in buyback?
Profit from the buyback on the bases of acceptance Ratio:
Feels good that I had hold purchasing!!!!
23% retail and ~ 10% offer i.e 1.5 % for 23% spe very rough ER would be 6%.
Rate has already increased much..
A strict no for me till the price falls to Rs 28 t…
Is it good to buy at current rate blindly, wihtout knowing offer and type of buyback?
Todays rate 35 plus and buyback price is 37.does not seems good.
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