FDC Limited Buyback 2023
FDC carries forward the flaming spirit of it’s first dream, achieving accreditations from the US-FDA, UK-MHRA, MCC-RSA, and the UAE, to cite a few. FDC is a forerunner in the manufacture of ORS and Ophthalmics, by setting up, globally approved, multi-location manufacturing facilities for Active Pharmaceuticals Ingredients (APIs) and Finished Dosage Forms. These facilities are located at Roha, Waluj and Sinnar in Maharashtra, Verna in Goa and Baddi in Himachal Pradesh. FDC has over 300 products and exports the same to over 50 countries, worldwide.
FDC strives to explore, innovate and integrate solutions with modern technology, empowering talent and expanding healthcare horizons for a better quality of life to millions globally.
Buy Back Offer Deal:
| Buyback Type: | Tender Offer |
| Buyback Record Date: | Aug 25 2023 |
| Buyback Opening Date: | Aug 31 2023 |
| Buyback Closing Date: | Sep 06 2023 |
| Buyback Offer Amount: | ₹ 155 Cr. |
| Date of Board Meeting approving the proposal: | Aug 09 2023 |
| Date of Public Announcement: | Aug 09 2023 |
| Buyback Offer Size: | 1.87% |
| Buyback Number of Shares: | 31,00,000 |
| Price Type: | Tender Offer |
| FV: | 1 |
| Buyback Price: | ₹ 500 Per Equity Share |
Details of Buyback:
Salient financial parameters:
| Particulars (in Cr) | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
| Sales + | 1,089 | 1,341 | 1,331 | 1,525 | 1,784 |
| Expenses + | 860 | 1,038 | 997 | 1,271 | 1,533 |
| Operating Profit | 229 | 304 | 334 | 254 | 251 |
| OPM % | 21% | 23% | 25% | 17% | 14% |
| Other Income + | 42 | 57 | 95 | 76 | 50 |
| Interest | 1 | 3 | 3 | 3 | 4 |
| Depreciation | 33 | 37 | 38 | 37 | 39 |
| Profit before tax | 237 | 320 | 388 | 289 | 258 |
| Tax % | 28% | 25% | 22% | 25% | 25% |
| Net Profit + | 170 | 240 | 301 | 216 | 194 |
| EPS in Rs | 9.74 | 14.03 | 17.85 | 12.82 | 11.7 |
| Dividend Payout % | 0% | 6% | 0% | 0% | 0% |
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 | 1,67,200 | 1,67,200 | 1,67,200 | 1,67,200 |
| No. of Shares Buyback | 132 | 200 | 300 | 400 |
| Buyback Profit | 10,824 | 16,400 | 24,600 | 32,800 |
| Profit% | 6.50% | 9.80% | 14.70% | 19.60% |
26 Comments
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31/748 as it was General Category. Due to some technical difficulties, I was unable to sell the excess stock. This has led to the loss. Some times it happens. We have to face the huge loss.
94 out of 500
48 out of 253 tendered. Based on today ‘s closing price, overall gain of about 1100/ only. Anything is better than loss/nothing.
AR WILL BE CLOSE TO 18% FOR FDC
I Also Think AR for FDC will be in the range of 18 to 25%.
45/500 ER
For FDc 2023
Buyback opens on 31/8/2023 and closes on 06/9/2023. Last date of settlement of bids is 13/9/2023.
What is the ER for FDC?
1. KRBL – 17.22%
2. Piramal Enterprise – 14:28%
FDC retail ER : 9.16%
Expected ER would be around 8-10% last time Actual ER was 6.51%.
Expected AR would be around 25-35%. Last time it was 13.81%.
Due to others buybacks i.e. PEL, KRBL and Indiamart. AR of FDC should be more than expectation
I too expect comparatively better AR for FDC. The next may be KRBL
ALL 3 BUYBACK WILL GIVE EXCELLENT RETURNS. WRT FDC, RESULTS WERE OUTSTANDING, WAS QUITE SURPISED WITH STEEP FALL IN SHAREPRICE. GOOD OF ALL OF US, IT HAS GIVEN GOOD ENTRY PRICE FOR BUYBACK… I ALSO THINK ER WILL BE AROUND TO 8 TO 11%
Hello members Kindly respond Which is the best fr share buyback among the 3
Krbl fdc piramal Best fundamentals I tried to analyse them
And liked krbl but fdc is in pharma sector which has caught fancy What do you think Kama ji, Sumit ji, nd other members
My order of preference is KRBL,PIRAMAL, FDC. I am afraid that the FDC may not yield good benefits as expected earlier.
Expected AR
And how are the fundamentals
FDC Limited Tender Route Buyback Approved – Results also Good
Buyback Price : 500
Today’s Closing Price : 389
Buyback Size ₹ : 155 Crore
Buyback Size in Shares : 31,00,000 Shares
Retail Quota : 4,65,000 Shares
Record Date for Buyback : Friday, 25 August.
Thank you Ankit ji for your input on quarterly results. It also means and matters a lot.
Mode: Tender Offer
Price: Rs.500/-
Record Date: August 25th
Size: 31,00,000 shares ( 1.87% of the total paid up shares )
Thank you SRK Ji for the update. Excellent work, well done.
Placed buy order @380/ . Could not succeed. Will try tomorrow again.
Sinclairs to consider buyback on 10th August…
SBC EXPORTS BUYBACK Board meeting on 11 th August 2023..Sayaji hotels taken demerger back so best to wait till BM outcome of SBC export.
FDC has a pattern it rushes to 400 on announcement of Buyback and then falls to 250 after Buyback Closure. Let us see what happens this time.
Normally they do small Buybacks so they have ben quick to close Buyback.
Financial parameters seems good.Awaiting outcome of the Board meeting. Any one researching on previous buybacks may kindly share the details please.
Previous Buyback details ( Through Tender Route)
Buyback Size:- 2900000 Reserve category (435000)
Buyback Price:-475 Per Share
AR for reserve Category:- 12%Apx
Thanks Gaurav ji and Ankit Ji for the valuable inputs. Will wait and decide.