Anup Engineering Buyback FAQ's

Anup Engineering Buyback Detail
Buyback Record Date
Buyback Open Date Feb 24, 2021
Buyback Closing Date Aug 23, 2021
Issue Size (Amount) ₹25.00 Crores
Buyback Price ₹800 per Share

Anup Engineering Buyback Date & Price FAQs

The Anup Engineering Buyback price is set at Rs 800 Per Share. The Anup Engineering Buyback opens on Feb 24, 2021 and closes on Aug 23, 2021.

There is no concept of Tender form in case of an open market offer through the Stock exchange. Any equity shareholder holding the Equity shares of Anup Engineering Buyback can participate in the buyback offer through their stockbroker.

The Public Announcement for Anup Engineering Buyback can be download here.

Any equity shareholder holding the shares in Demat form can participate in the buyback offer through their stockbroker. The physical shareholder can participate only once the shares get converted into a Dematerialized form.

The shareholder needs to inform their broker on the details of the Equity shares they wish to sell. The broker will place a sell order whenever the company places a buy order for the buyback. The trade would get executed at the offer price or lesser only when the price offered by the shareholder matches with the buy order placed by the company.

Necessity of the Issue:

The Buy-back is being undertaken by the Company to:
i) Return surplus funds to the equity shareholders of the company;
ii) Improve return on equity through distribution of surplus fund; and
iii) Improve earnings per share by reduction in the equity base, thereby leading to long-term increase in shareholder’s value.

The Anup Engineering Buyback offers an opportunity for the shareholders to exit their positions at a premium price. In case you stay invested you would have an increased percentage of shareholding in the company and improved earnings per share. Thus, one should understand the company fundamentals along with one’s need, goals, and risk appetite to decide if one wants to stay invested or participate in the buyback offer.