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 |
| FV: | 10 |
| Buyback Price: | ₹ 37 Per Equity Share |
Details of Buyback:
Pursuant to Regulation 29(1)(b) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform you that the Board of Directors will consider a proposal for buyback of equity shares of the Company, at its meeting to be held on January 6, 2021.
Salient financial parameters:
| Particulars (Cr) | Mar-15 | Mar-16 | Mar-17 | Mar-18 | Mar-19 | Mar-20 |
| Sales | 256 | 274 | 265 | 297 | 271 | 264 |
| Expenses | 235 | 255 | 244 | 281 | 251 | 247 |
| Operating Profit | 21 | 20 | 21 | 16 | 20 | 17 |
| OPM % | 8% | 7% | 8% | 5% | 7% | 6% |
| Other Income | 2 | 1 | 2 | 3 | 0 | 1 |
| Interest | 11 | 9 | 10 | 10 | 7 | 7 |
| Depreciation | 5 | 5 | 5 | 5 | 5 | 5 |
| Profit before tax | 6 | 7 | 8 | 4 | 8 | 6 |
| Tax % | 12% | 16% | 19% | 34% | 8% | 42% |
| Net Profit | 6 | 6 | 7 | 3 | 8 | 4 |
| 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?
1. Firstly, to be eligible for the buyback the investor should have shares of Archidply Industries Limited Buyback 2021 in demat or physical form as on the record date [19.01.2021 ].
2. Once you have shares in demat, you can participate in the buyback process which is opening from [Not announced] by selling your shares through your broker on NSE or BSE.
3. Then on [Not announced], the payment will be given to you for accepted shares and unaccepted shares will be returned to your demat account.
Profit from the buyback on the bases of acceptance Ratio:
At present there is no arbitrage present between market price and buyback price, as current market price is higher than buyback price.
Recommendation:
Please wait for the stock to fall around 30 per share to enter in the buyback. The record date is very near i.e. 19.01.2021. So, if price does not come to Rs.30 say before 14th or 15th of the month, then it is waste to put energy in this buyback.
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market wizard g m sirlps add bharat rasayan buy back page &your valuble guidenes thanking
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.