Pennar Industries Buyback FAQ's

Pennar Industries Buyback Detail
Buyback Record Date
Buyback Open Date Mar 23, 2022
Buyback Closing Date Sep 22, 2022
Issue Size (Amount) ₹40.00 Crores
Buyback Price ₹50 per Share

Pennar Industries Buyback Date & Price FAQs

The Pennar Industries Buyback price is set at Rs 50 Per Share. The Pennar Industries Buyback opens on Mar 23, 2022 and closes on Sep 22, 2022.

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 Pennar Industries Buyback can participate in the buyback offer through their stockbroker.

The Public Announcement for Pennar Industries 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 buyback aims to utilize the net proceeds towards the following objectives:

  • To increase the earnings per share (EPS) over a period of time.
  • To effectively utilize available cash, and
  • To improve key return ratios like return on net worth, return on assets, etc.

The Pennar Industries 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.