Bharat Group is the brainchild of a visionary Sat Narain Gupta, one of the pioneers of agrochemicals industry in India. Active in this arena since 1977, he initially floated Bharat Pesticides Manufacturing Company. In this venture, he found two like-minded partners in, Mahabir Prasad Gupta and Rajender Prasad Gupta. Today, their joint efforts have borne rich fruits as Bharat Group has created a niche in diverse segments of pest control within the country and abroad too.
Currently, BRL is the flagship enterprise of the conglomerate alongside the two sister concerns, Bharat Insecticides Limited (BIL) and BR Agrotech Limited (BRAL). The products portfolio consists of a wide spectrum of high quality eco-friendly pesticides, fungicides, herbicides, acaricides etc. to cater to every arena in the agricultural sector of crops (food and commercial), horticulture and floriculture, in applications for public health, house-keeping and veterinary treatment besides loss prevention in warehouses, depots and granaries. Apart from these, the group has also forayed into the packaging industry on an encouraging note.
Buy Back Offer Deal:
| Buyback Type: |
Tender Offer |
| Buyback Record Date: |
Mar 05 2021 |
| Buyback Opening Date: |
Mar 26 2021 |
| Buyback Closing Date: |
Apr 12 2021 |
| Buyback Offer Amount: |
₹ 108 Cr |
| Date of Board Meeting approving the proposal: |
Jan 12 2021 |
| Date of Public Announcement: |
Jan 12 2021 |
| Buyback Offer Size: |
2.20% |
| Buyback Number of Shares: |
93472 |
| Price Type: |
Tender Offer |
| FV: |
10 |
| Buyback Price: |
₹ 11500 Per Equity Share |
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Those who missed the single share acceptance can give it on screen today @11250₹
As per official communication received from management….
The one share is accepted on the basis of first come first serve basis..
Looks very interesting….happening first time in buyback….Not mentioned in Letter of offer….
I don’t think that is legally correct. Where do I see this communication?
Having said that, I am not unhappy. Today is is another 1400 more than the buyback price.
1 share accepted against 6.
Where are seeing these updates?? Neither money deposited in bank nor shares reflecting in DP.
Yes my out ooof 15 shares 2 are accepted an 13 are deposited
Out of 15 shares 2 accepted and 13 are returned
Thank you. But no update in Angel and Sharekhan Demat yet, neither money transferred to bank
Which broker declared result in so advance ?? and which bank deposited money in bank so fast?
No single share accepted. Share credited back by CDSL.
Yes same here…0/1
100% for signal share holder acception ratio
what about acceptance for more than 1 shares ?
In my 91 a / c all r accepted n bill ban ke Bhi aa gaya
you mean 100% acceptance ?
All 1 share accepted congratulations
No communication yet.. % acceptance ???
As per NSE website, Bharat Rasayan buyback oversubscription is just 1.85%. Also, QIB/NII/MF/FII/DII participation has been dismal (not even consuming 10% of the non-retail quota). So, does it mean that retail acceptance should be good? To me it looks like around 40% acceptance for Retail Investors. Any comment ???
Sir I am eligible for buy back, I didn’t get otp, so what to do
UMESHJI KYA LAGTA HAI KI 1 SHARE BUYBACK ME LE LEGE, WHAT IS THE CHANCE LIKE HEG? THNX IN ADVANCE
Umesh ji, I have 6 shares mail recd as zero entitlement any possibility of acceptance if I offer.
There is no harm in tendering shares in the buyback.
Buy back details available at http://www.nseindia.com
BHARATRAS
Issue Period 26-Mar-2021 to 12-Apr-2021(excluding 29-Mar-2021 and 02-Apr-2021)
Issue Size Up to 93,472 equity shares
Acquirer Bharat Rasayan Limited
Offer Type BuyBack
Issue Type Fixed price
Offer Price Rs.11,500/- per equity share
Tick Size Re.1
Face Value Rs. 10/-
Market Lot 1 Equity Share
Market Timings 9.15 a.m. to 3.30 p.m.
Please note Buyback opening date is 26th March and closing date is 12th April.
I had 6 shares in account and mail recd. as ER is zero.
Letter of offer sent by email ER is 15% 12 out of 79
Can I buy today for being eligible for buyback?
yes
ABOVE 10555 IT MAY GO UP TO 15000 AND 18000 AS PER CHART ONLY BUT ONLY ABOVE CLOSING PRICE
Bharat Rasayn Buyback – Record Date has been fixed as 5th March 2021.
Buyback Price : 11,500
Today’s Close : 9,748
Buyback Size : 93,472 shares (107.49 crore ₹)
Shares reserved for Retail : 14,021 shares
I think 9500 could be right price to enter buyback as offer size is small.
What is the right price to buy this for buyback?
Can anyone confirm if we should buy 1 share and tender in buyback
Will it be accepted definitely
Will 1 share be accepted or not
Hi Umesh sir,
The ER of 7% seems to be incorrect based on the calculation mentioned in GAIL buy-back page. Could you please confirm or am I missing something ?
What should be the appropriate price to enter for purpose of this buyback?
In TCS, offer for buy back was not extended to share holders having single share
Acceptance was 100% in tcs
eak share lenge to buy back me tender kar sakte hai kya any one reply
Should we enter for buyback purpose
Or price is too high
Also confirm if we can buy 1 share and then tender it
Is there a surety that it will be accepted
The rule is: All fractional entitlements are ignored. So, if you hold 1 share, your entitlement will be always NIL.
However, before additional shares are accepted from anybody, those having 1 share is given priority. Therefore, there is almost 100% chance of 1 share being accepted, though there is no guarantee.
can we take one share to buy back participate….?
Wait for the market to fall. Then these buyback will become good investments.
How Sir??
It will be a big investment..
Please elaborate..
Should be bought at this price level or not for buyback or investment purpose which you are saying??
Regards!
Buyback @ 11500/-
Promoters will also participate.
Buyback size 2.2%.
Should we enter
Because after the announcement
Share usually skyrockets
Should we buy single share…
If is open offer buyback then it also probability of accepted Singal share in Bharat rasayan
Bharat Rasayan buyback – This would be second time when acceptance ratio for single share won’t be 100%
First time it was in HEG buyback
May I know why you say so?
Heg has taken 1 share from all
I think buyback will be at a discount to cmp, as promoters need to bring down their holding to below 75%
On what basis you say this?? It is the company which is doing buyback, not the promoters. don’t spread rumors please.
Thanks Umesh ji, for Updating!!
I would wait for declaration b4 taking any step..
BR Promoters have already owned 74.79% share holding and more then 75% could not be as per sebi rules. So they could 0.21% buy back equity only. Is my thinking correct sir?
Buyback is not done by promoter but by company. Promotor can rather also submit and sell. With Buyback the total no. of shares are reduced and %age of promoter is dependent on shares tendered by him. If he is able to sell more %age then his %age would reduce, rather
Thank you sir for your clarification.
regards
Very good company fundamentally.
What may be buyback price?11k+