Open Market Through Stock Exchange | ₹25.00 Crores | Listing at BSE, NSE | Wed, Feb 24, 2021 - Mon, Aug 23, 2021
The Anup Engineering Ltd. Buyback is a tender offer for the repurchase of up to equity shares at a buyback price of ₹800 per share with a face value of ₹10 per share, aggregating to ₹25.00 crores.
The buyback opens on Feb 24, 2021 and closes on Aug 23, 2021.
Vivro Financial Services Pvt.Ltd. is the Manager to the Buyback and MUFG Intime India Pvt.Ltd. is the Registrar to the Buyback.
Investors are advised to refer to the The Anup Engineering Ltd. Letter of Offer for detailed information, including eligibility criteria, entitlement ratio, acceptance methodology, and tax implications.
Offer Opening Date
Wed, Feb 24, 2021
Offer Closing Date
Mon, Aug 23, 2021
Buyback Price
₹800 per share
Record Date
[.]
| Particulars | For the year/period ended (Rs. in Millions) | ||
|---|---|---|---|
| 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | |
| Total Income | 2,495.28 | 2,475.73 | 0 |
| Profit After Tax | 429.68 | 419.85 | (0.10) |
| Net Worth | 3,229.14 | 2,816.52 | 0.39 |
“The Anup Engineering Limited” (Erstwhile subsidiary company of Arvind Limited) was incorporated in 1962. In 2017, Arvind Limited decided to demerge its subsidiary “The Anup Engineering Limited” as a separate entity and amalgamate it into Anveshan Heavy Engineering Limited. Subsequently, its name changed to “The Anup Engineering Limited” in 2019.
The Company is engaged in the business of manufacturing and fabrication of process equipment required for Oil & Gas, Petrochemical, Chemicals, Pharmaceuticals, Fertilizers, Drugs, Power, Water, Aerospace and other allied industries.
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Jan-2021 | 800.00 | 689.65 | 726.67 |
| Dec-2020 | 839.00 | 594.85 | 705.05 |
| Nov-2020 | 625.00 | 536.00 | 585.18 |
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Jan-2021 | 824.00 | 688.65 | 726.51 |
| Dec-2020 | 839.20 | 596.00 | 704.37 |
| Nov-2020 | 626.90 | 537.00 | 585.15 |
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 Ltd.
The Anup Engineering Limited
Behind 66 Elec. Sub-Station,
Odhav Road, Ahmedabad - 382415
Ahmedabad, Gujarat, 382415
The Anup Engineering Buyback opens on February 24, 2021, and closes on August 23, 2021.
The Anup Engineering Buyback is a Open Market Through Stock Exchange.
Anup Engineering Buyback Schedule
| Buyback Opening Date | February 24, 2021 |
| Buyback Closing Date | August 23, 2021 |
| Last date for acceptance of shares | Upon relevant pay-out by the Stock exchange |
The Anup Engineering Buyback is being offered at Rs ₹800 per share.
There is no ratio applicable in case of open market offer through stock exchange mechanism.
The Anup Engineering Buyback has announced a buyback for an aggregate amount of not more than Rs. ₹25.00 Crores with pricing of Rs. ₹800 per share.
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.
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.
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.
