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Dec 8, 2021 - Dec 21, 2021

AksharChem (India) Limited Buyback (AksharChem India Buyback) Detail

Incorporated in 1989, AksharChem India is engaged in the business of dyes and pigments manufacturing. The company products include Vinyl Sulphone, CPC Green, and precipitated Silica that gets used as an ingredient across various End industries like Textiles, Paint, Rubber, Tyre, Plastics, Leather, and Printing Ink.

AksharChem is one of India's top exporters of Vinyl Sulphone and the world's leading manufacturer of CPC Green with a total manufacturing capacity of 11,400 metric tonnes per annum. AksharChem is an ISO-certified company with an experienced senior leadership of over 30 years.

AksharChem India Buyback Detail

Issue PeriodDec 8, 2021 - Dec 21, 2021
Security NameAksharChem (India) Limited
Issue TypeTender Offer
Issue Size (Shares)0.02 Crores
Issue Size (Amount)₹10.00 Crores
Buyback Price₹590 per share
Face Value₹10 per share
Listing AtBSE, NSE

AksharChem India Buyback Issue Timetable

Offer Opens OnDec 8, 2021
Offer Closes OnDec 21, 2021
Record DateNov 12, 2021
Last Date for receipt of Tender FormsDec 21, 2021
Finalisation of Buyback AcceptanceDec 29, 2021
Last Date for settlment of bidsDec 30, 2021
Last Date for Extinguishment of SharesJan 6, 2022

Buyback Ratio

Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 13 Equity Shares out of every 563 fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders 17 Equity Shares out of every 838 fully paid-up Equity Shares held on the Record Date.

Company Financials

Summary of financial Information standalone)
Particulars For the year/period ended (Rs. in Millions)
  30-Sep-21 31-Mar-21 31-Mar-20 31-Mar-19
Total Income 1,789.62 2,476.11 2,611.97 3,282.32
Profit After Tax 79.97 125.00 157.22 225.89
Reserves & Surplus 2,756.18 2,705.19 2,571.09 2,489.99
Net Worth 2,883.21 2,787.22 2,653.12 2,572.02

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Oct-2021 613.5 406.25 509.17
Sep-2021 469 399.25 425.43
Aug-2021 490 386.1 435.56

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Oct-2021 613.7 404.3 508.7
Sep-2021 468 399.1 425.24
Aug-2021 490 385 436.17

Necessity of the Issue

The Buyback aims to :
i) Distribute surplus funds to shareholders and thereby enhance their overall return.
ii) Improve financial ratios like Earnings per share (EPS), Return on assets (ROA) and Return on Equity (ROE).

AksharChem India Buyback Documents

AksharChem India Buyback Rating

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Company Contact Information

AksharChem (India) Limited
“Akshar House”,
Chhatral - Kadi Road, Indrad,
Mahesana – 382715, Gujarat, India.

Phone: +91-2764233007-10
Email: cs@aksharchemindia.com
Website: https://www.aksharchemindia.com/

AksharChem India Buyback Registrar

  1. Link Intime India Private Ltd
       Link Intime India Private Ltd
       C 101, 247 Park, L.B.S.Marg,
       Vikhroli (West), Mumbai - 400083

    Phone: +91-22-4918 6270
    Email: aksharchem.buyback@linkintime.co.in
    Website: https://linkintime.co.in/

AksharChem India Buyback Manager

Lead Manager(s)

  1. Vivro Financial Services Private Limited

Registered Broker

  1. Pravin Ratilal Share and Stock Brokers Limited
    Email: info@prssb.com

Find AksharChem India Buyback Latest Update

AksharChem India Buyback FAQs

The AksharChem India Buyback opens on Dec 8, 2021, and closes on Dec 21, 2021.

The AksharChem India Buyback is a Tender Offer.

AksharChem India Buyback Schedule

Buyback Opening DateDec 8, 2021
Buyback Closing DateDec 21, 2021
Last Date for receipt of Tender FormsDec 21, 2021
Finalisation of Buyback AcceptanceDec 29, 2021
Last Date for settlment of bidsDec 30, 2021
Last Date for Extinguishment of SharesJan 6, 2022

The AksharChem India Buyback is being offered at Rs ₹590 per share per equity share.

Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 13 Equity Shares out of every 563 fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders 17 Equity Shares out of every 838 fully paid-up Equity Shares held on the Record Date.

You could sell AksharChem India Buyback on Nov 11, 2021 to remain eligible for buyback. The record date for AksharChem India Buyback buyback is Nov 12, 2021.

The record date for the AksharChem India Buyback is Nov 12, 2021.

The issue size of AksharChem India Buyback is of 0.02 Crores equity shares at ₹590 per share aggregating upto ₹10.00 Crores.

The Buyback aims to :
i) Distribute surplus funds to shareholders and thereby enhance their overall return.
ii) Improve financial ratios like Earnings per share (EPS), Return on assets (ROA) and Return on Equity (ROE).

All the eligible Shareholders of the Company holding either Physical Shares or Demat Shares as on the Record Date can participate in the buyback offer through their Stock Broker.

The eligible shareholder holding the shares in Demat form needs to inform their broker the details of the Equity shares they wish to tender in the Buyback Offer. The shareholder needs to transfer the tendered shares to a Special account of the clearing corporation. The broker, in turn, would place an order on the stock exchange for the buyback.

The eligible shareholder holding the shares in physical form needs to approach their broker with original share certificates and supporting documents. Upon completion of document verification, the broker places an order on the stock exchange and submits the original share certificate and TRS to the registrar.

The tender form and TRS are optional in the case of Demat shares but mandatory in the case of physical shares.

The AksharChem India 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.


12 Comments

12. KAMMA SIVA RAMA KRISHNA  
32 shares are accepted out of 191 shares held on the Record Date and tendered for the buyback. AR is 16.75%. Thank you.
12.14. sasikumar  
I was having 20 shares in Zerodha and they credited 16 shares. Whether they accepted 4 shares or later they will credit back those shares. 4 shares missing and i didnt get money as well
12.15. KAMMA SIVA RAMA KRISHNA  
Sasikumar ji,
You contact your broker through mail/ phone/ in person in this regard to correctly know the position. Resultant amount of the buyback is already credited to the accounts concerned. Thank you.
11. ARJUN'S EYE  
In this buyback difference between ER and AR will be minor or same.
Sir,
I believe that the AR will be at least one and half times, if not double, the ER. Thank you.
11.2. ARJUN'S EYE  
My prediction was also wrong...
10. KAMMA SIVA RAMA KRISHNA  
AR in case of Akshar Chem India is 4/191. A very disappointing one.
10.3. KAMMA SIVA RAMA KRISHNA  
Sir,
The size of the buyback is 1.7 lakh shares only. I believe that around 3 shares are likely to be accepted. Thank you.
AR is 16.75%. 32/191. My estimation fortunately proved wrong. I am happy for that. Thank you.
9. Barbarik  
AR?
9.1. KAMMA SIVA RAMA KRISHNA  
AR is 16.75%.
8. DSR  
@KSRK ji what is your strategy on all buybacks.. MPS, Nucleus, MOIL, StarCement.. losses are increasing day by day.. getting little frustrated...sometimes it feel like book loss in all..and may be invest somewhere safe like ETFs..:)

Would love to hear what are your thoughts.. any confidence that these will give chance to exit in profit.
8.3. SARITA S  
KSRK Sir,
Your kind logical words give me a lot of confidence. Holding all like you.
Thank you.
8.4. KAMMA SIVA RAMA KRISHNA  
Sarita ji,
Extremely sorry for the delay in responding. I strongly believe that one should have patience to wait for the right opportunity to exit. Sometimes loss is inevitable. We should try to minimise. In rare cases, we may have to respond quickly to dispose. I have incurred losses due to hasty decisions. Now I have developed some patience and accepting the things/ people as they are. Thank you n all the best.
7. lokes  
today is the last date to buy this share with buyback eligibility but it has given good upmove already in last 2 days so not sure how much beneficial buyback will be because size of buyback is very small here and it depends on chemical sector performance also for share performance going forward..

From 12th it may go down after buyback record date, since people may not sell tomorrow whoever bought for buyback else they can loose buyback eligibility if selling tomorrow as sometimes brokers removes shares within 1 day then on 12th record date we wont be having shares.

And Recently chemical shares were in downtrend from around 1 month.
7.1. lokes  
it has fallen from 490 to 450 as i said after record date.
6. IPO Mitr  
It will remain catch22 situation. If it takes too much of investors time to interact and find very few useful info, they will not come here and unless they come here there will not be much useful info. Anyways..,.chittorgarh admin will decide based on what they believe will work for their website. I rest my case.
5. IPO Mitr  
Chittorgarh Admin:

These buyback placeholders have very few messages and navigationally it is very time consuming to go thru each and every placeholder to find useful info. Also it is very cumbersome for an admin to keep on creating separate placeholder for each and every buyback.

Suggest to create a time based ( Buyback closure date) placeholder with a start and end date and within that link first person posting can create a separate thread for each IPO. This way navigationally it will save a lot of time for the users. Later on when Buyback discussions become popular than we can revert back to the current system. Right now it is too much of work to navigate when there are very few messages/discussions in separate buyback folders.
5.3. IPO Mitr  
lokes, probably you did not read my suggestion properly.

I am not saying doing away with separate Buyback placeholder completely. But doing away with separate placeholder for each company within Buyback.

If we want the buyback discussions to take place in buyback area of the website then we will need to reduce time for people and make navigation faster. I believe this is the reason why people still keep on commenting in IPO folder because they do not want to spend more time.

Just a thought which can lead to more discussions on buyback in buyback area of the website.............
5.4. lokes  
@ipo mitr: i have read and already replied accordingly that having different buyback pages is good to have for each buyback. Each one is different so like ipo's it has to be different pages , and like in all other websites.
People used to comment in ipo folder just because to get more attention from more people, nothing much and because previously these buyback pages were not at all active and now already some discussions started happening here.
So now people need to come here and paste messages at respective place intead of again going back to old things and if many will participate here in discussions, then these will also be helpful to all users and even for chittorgarh site.
Admn.,

Please open the buyback pages for MPS Ltd. and MOIL Ltd. at the earliest.
4.1. lokes  
@ADMIN @TEAM Chittorgarh: Please open these buyback pages also. And going forward please open new buyback pages soon after announcement.
it will help in active discussions and also it will increase more people participation or site visits by looking at these discussions who are interested in buybacks.
Though the company is a good one, the size of the buyback is not that much attractive. If available @ Rs.440/- one who can take a little bit risk, may try his luck in a small quantity. Thank you.
3.8. rahulagg  
Thank you KAMMA SIVA RAMA KRISHNA sir and lokes sir
Today in the first phase I have purchased altogether 550 shares for our two accounts on an average price of Rs. 176.50. If pocket position improves for some or other reasons, then I will purchase some shares in the second phase. Thank you.
2. sandeep nahar  
Sir any idea of moil , should we buy at current price for buyback
Sir,
Before posting your query, please check whether the information is already available in the page. This is not to point out you but a suggestion.
1. Unknwon  
This buyback is not that attractive but if the price goes below 440, then will take the punt.