AR is around 21.5% . 46 out of 217 accepted .
Granules India Limited Buyback 2022
(i) It is a Pharma company. They have a strong presence in the ‘first line of defense’ products, including Paracetamol, Ibuprofen, Guaifenesin, and Metformin. They export nearly 60% of its revenue to the US and Europe.
(ii) The key customers include some of the leading generic, as well as, branded pharmaceutical companies.
(iii) They have emerged into a knowledge-driven, R&D focused, multi-product organization, with inherent strength in the efficient manufacturing of high-volume pharmaceutical products.
Buy Back Offer Deal:
|Buyback Type:||Tender Offer|
|Buyback Record Date:||Aug 23 2022|
|Buyback Opening Date:||Sep 27 2022|
|Buyback Closing Date:||Oct 11 2022|
|Buyback Offer Amount:||₹ 250 Cr.|
|Date of Board Meeting approving the proposal:||Aug 09 2022|
|Date of Public Announcement:||Aug 09 2022|
|Buyback Number of Shares:||62,50,000|
|Price Type:||Tender offer|
|Buyback Price:||₹ 400 Per Equity Share|
Details of Buyback:
Salient financial parameters:
|Particulars (in crores)||2018||2019||2020||2021||2022|
|Profit before tax||196||326||451||704||558|
|EPS in Rs||5.22||9.3||13.19||22.18||16.64|
|Dividend Payout %||19%||11%||8%||7%||9%|
How to Participate in buyback?
Profit from the buyback on the bases of acceptance Ratio:
|Amount Invested in Buyback||1,58,000||1,58,000||1,58,000||1,58,000|
|No. of Shares buyback||165||250||375||500|
Not a bad AR in the present circumstances. All the best to all of you.
I may please be enlightened regarding the Bidding particulars of the buyback of the shares of Granules India on closing. Thank you in anticipation of a kind response.
If possible, category wise
Hi Experts, I had 550 shares of granules on record date 23/08/22 but I have not received any entitlement email. Is there any other way to check my entitlement ?
Please also check the spasm folder in the mail box as in many cases I have noticed that the mail was found in the spasm.
*GRANULES INDIA LTD. BUYBACK OFFER UPDATES*
✓CMP – *Rs 316.05/-*
✓BB PRICE – *Rs.400/-* per share
✓BB RECORD DT – *23/08/2022*
✓*Retail Entitlement *5.00%* ( _as expected_ )
✓ *TENDER PERIOD OPENS ON 27/09/2022* and *CLOSES ON 11/10/2022*
✓ *Settlement date 20/10/2022*
*As per calculation retail acceptance will be around *15%*.
Thanks Umesh Ji!
Need advice on below query:
Like for holding 610 shares I got email for my ER 30 shares
Does it makes sense to keep 610 and tender all at the time of buyback… or can I tender 100 only… ?
Will it make any difference in my AR , if i tender 100 instead of original 610 shares as on record date?
Anyhow 30 is fixed AR as of now.. right
Thanks in advance
Mannu ji we dont know how many people will apply in buyback when it will open. But as of now the expected AR would be around 15%. So, if you give all the 610 shares, chances of acceptance of ~90 shares.
any update regarding ER?
Care rating touched 509 against buyback price of Rs 515/- Sold all at Rs 508.8/- with 13% profit…
Congratulations, Sir. 13% is not a small one to ignore. All the best.
I really fear Granules been Pharma company in which I am badly stuck in many companies. Would buy, if market falls and it is available in the range of 300- 305… Else would let it go…
Sumit Jain ji,
Nowadays, your valuable suggestions/ views/ comments are not available. I hope and wish that everything is fine. Please make it convenient to enlighten me regarding your kind views regarding the Buybacks of Granules India, Quick heal and Birla soft. Thank you in anticipation of your kind response at the earliest.
Thanks SRK ji for your kind words…
Recent some Buyback have not been that good and I was also more into other secondary and offer like Ambuja Cement… Which have proved good…
Birlla soft , i have already invested, hopefully IT would improve. Granules seems to be good, would study more .. Quick heal is too low %age..
Advantage with offer like Ambuja was that there is no limit like retail etc… So with back cushion, it can be played well… It proved to be highly profitable…
I am indebted to you for your kindness in sharing your precious views. I wholeheartedly thank you very much for your prompt response. Please keep posting your valuable views to enlighten me. Your vast experience and multi dimensional knowledge will definitely help the readers. I once again express my gratitude for your kind help through your valuable suggestions from time to time.
What is the expected AR for this BB? my calculation comes around 10% only.
Yes 250cr buyback.
Looks AR around 8-12%
BUYBACK @ 400
Record date – 23 Aug 22
Plz tell about expected Er and AR
And the size of the buyback is upto 62,50,000 shares. All the best to all of you.
Sir plz tell about expected ar and er
Lets wait for the 9th Aug meeting output for the Buyback details
Is it right time to enter, or wait till any announcement wrt price of buyback?
Wait .so many time companies goes with open offer .in last 3 months this happened so many times .so wait
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