Dhanuka Agritech Limited Buyback Offer 2022
Dhanuka Agritech Limited manufactures a wide range of agro-chemicals like herbicides, insecticides, fungicides, miticides, plant growth regulators in various forms – liquid, dust, powder, and granules.
The Company has a pan-India presence through its marketing offices in all major states in India, with a network of more than 7,000 distributors/ dealers selling to over 75,000 retailers across India and reaching out to more than 10 million farmers. The Company has technical tie-ups with 4 American, 5 Japanese & 2 European Companies.
Dhanuka’s target customers are primarily farmers. Growth drivers are the intensive marketing network penetrating even the interiors of India, increased farm income, enhanced awareness about the cost-benefit tradeoff of agro-chemicals, highly diverse product range with a solution for almost all problems in all crops, innovative marketing strategies, and international technical tie-ups. The Company keeps adding new products every year through its collaborations and is continuously on the lookout to bring the latest technology to Indian Farmers.
Buy Back Offer Deal:
|Buyback Type:||Tender Offer|
|Buyback Record Date:||Nov 18 2022|
|Buyback Offer Amount:||₹ 85 Cr|
|Date of Board Meeting approving the proposal:||Nov 01 2022|
|Date of Public Announcement:||Nov 01 2022|
|Buyback Offer Size:||2.15%|
|Buyback Number of Shares:||10,00,000|
|Price Type:||Tender Offer|
|Buyback Price:||₹ 850 Per Equity Share|
Details of Buyback:
Salient financial parameters:
|Particulars(in crores)||Mar 2018||Mar 2019||Mar 2020||Mar 2021||Mar 2022|
|Profit before tax||167||154||181||285||278|
|EPS in Rs||25.71||23.66||29.71||45.21||44.85|
|Dividend Payout %||21%||3%||40%||4%||31%|
How to Participate in buyback?
Profit from the buyback on the bases of acceptance Ratio:
|(i) Amount Invested in Buyback||1,72,020||1,72,020||1,72,020||1,72,020|
|(ii) No. of Shares buyback||76||118||183||235|
|(iii) BuyBack Profit||8,968||13,924||21,594||27,730|