Tender Offer | ₹28.80 Crores | Listing at BSE, NSE | Wed, Jul 19, 2023 - Tue, Jul 25, 2023
Amrutanjan Health Care Ltd. Buyback is a tender offer for the repurchase of up to 0.03 crore equity shares at a buyback price of ₹900 per share with a face value of ₹1 per share, aggregating to ₹28.80 crores.
The record date for determining eligible shareholders is Jul 13, 2023. Shareholders holding equity shares as on the record date are eligible to participate in the buyback.
The buyback opens on Jul 19, 2023 and closes on Jul 25, 2023.
Saffron Capital Advisors Pvt.Ltd. is the Manager to the Buyback and Cameo Corporate Services Ltd. is the Registrar and Choice Equity Broking Pvt Ltd is the Registered Broker to the Buyback.
Investors are advised to refer to the Amrutanjan Health Care Ltd. Letter of Offer for detailed information, including eligibility criteria, entitlement ratio, acceptance methodology, and tax implications.
Offer Opening Date
Wed, Jul 19, 2023
Offer Closing Date
Tue, Jul 25, 2023
Buyback Price
₹900 per share
Record Date
July 13, 2023
| Category | Entitlement Ratio of Buyback | Shares Offered |
|---|---|---|
| Reserved Category for Small Shareholders | 2 Equity Shares out of every 91 Fully paid-up Equity Shares held on the Record Date. | 53,652.00 |
| General Category for all other Eligible Shareholders | 2 Equity Shares out of every 91 Fully paid-up Equity Shares held on the Record Date. | 266,348.00 |
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-19 | 187.61 | 260.36 | 24.51 |
| 31-Mar-20 | 205.35 | 269.80 | 25.08 |
| 31-Mar-21 | 274.27 | 344.16 | 61.19 |
| 31-Mar-22 | 349.87 | 421.22 | 67.19 |
| 31-Mar-23 | 362.09 | 394.18 | 39.83 |
| Amount in ₹ Crore | |||
Incorporated in 1936, Amrutanjan Health Care Limited is among the pioneers of pain and congestion management since 1893. The company's expertise lie in combining science with naturalness and is committed to offering solutions to get rid of various physical pains.
The products of Amrutanjan Health Care are broadly marketed under the following segments:
The company's products root in the usage of Ayurveda, Naturalness, and herbs. Amrutanjan Health Care Limited is presently being led under the leadership of Mr. Sambhu Prasad Sivalenka, as the Chairman and Managing Director.
Some of the products of Amrutanjan include New Maha Strong Pain Balm, Roll-on, Stick-on Patch, Relief Cough Syrup, Relief Swas Mint, Comfy Snug Fit, Amrutanjan Stop Pain Dental Gel, Decorn Corn Caps, Fruitnik, Fruitnik Electro+, and so on. These are some of the products offered in the product basket of Amrutanjan Health Care Limited.
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Jun-2023 | 737.50 | 588.65 | 622.82 |
| May-2023 | 608.05 | 582.55 | 599.85 |
| Apr-2023 | 623.85 | 593.90 | 607.21 |
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Jun-2023 | 738.25 | 586.95 | 622.18 |
| May-2023 | 608.25 | 583.60 | 599.70 |
| Apr-2023 | 624.00 | 593.15 | 607.00 |
The proposed Buy-back will help the Company achieve the following objectives:
Amrutanjan Health Care Ltd.
103, (Old No. 42-45),
Luz Church Road
Mylapore, Chennai - 600 004
Chennai, Tamil Nadu, 600004
Lead Manager(s)
Registered Broker
The Amrutanjan Health Care Buyback 2023 opens on July 19, 2023, and closes on July 25, 2023.
Last date to be eligible to participate in buyback is July 12, 2023.
The Amrutanjan Health Care Buyback 2023 is a Tender Offer.
Amrutanjan Health Care Buyback 2023 Schedule
| Buyback Opening Date | July 19, 2023 |
| Buyback Closing Date | July 25, 2023 |
| Last Date for receipt of Tender Forms | |
| Finalisation of Buyback Acceptance | |
| Last Date for settlment of bids | |
| Last Date for Extinguishment of Shares |
The Amrutanjan Health Care Buyback 2023 is being offered at Rs ₹900 per share.
| Category | Entitlement Ratio of Buyback | Shares Offered |
|---|---|---|
| Reserved Category for Small Shareholders | 2 Equity Shares out of every 91 Fully paid-up Equity Shares held on the Record Date. | 53,652.00 |
| General Category for all other Eligible Shareholders | 2 Equity Shares out of every 91 Fully paid-up Equity Shares held on the Record Date. | 266,348.00 |
The issue size of Amrutanjan Health Care Buyback 2023 is 3,20,000 equity shares at ₹900 per share aggregating up to ₹28.80 Crores.
The proposed Buy-back will help the Company achieve the following objectives:
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 Amrutanjan Health Care Buyback 2023 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.
