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Feb 24, 2021 - Aug 23, 2021

The Anup Engineering Limited Buyback (Anup Engineering Buyback) Detail

“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.

Anup Engineering Buyback Detail

Issue PeriodFeb 24, 2021 - Aug 23, 2021
Security NameThe Anup Engineering Limited
Issue TypeOpen Market Through Stock Exchange
Issue Size (Amount)₹25.00 Crores
Buyback Price₹800 per share
Face Value₹10 per share
Listing AtBSE, NSE

Company Financials

Summary of financial Information (standalone)
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

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Jan-2021 800 689.65 726.67
Dec-2020 839 594.85 705.05
Nov-2020 625 536 585.18

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Jan-2021 824 688.65 726.51
Dec-2020 839.2 596 704.37
Nov-2020 626.9 537 585.15

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.

Anup Engineering Buyback Documents

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Company Contact Information

The Anup Engineering Limited
The Anup Engineering Limited
Behind 66 Elec. Sub-Station,
Odhav Road, Ahmedabad - 382415

Phone: +91-79-22872823
Email: investorconnect@anupengg.com
Website: http://www.anupengg.com

Anup Engineering 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: nilesh.dalwadi@linkintime.co.in
    Website: http://www.linkintime.co.in

Anup Engineering Buyback Manager

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Anup Engineering Buyback FAQs

The Anup Engineering Buyback opens on Feb 24, 2021, and closes on Aug 23, 2021.

The Anup Engineering Buyback is a Open Market Through Stock Exchange.

Anup Engineering Buyback Schedule

Buyback Opening DateFeb 24, 2021
Buyback Closing DateAug 23, 2021
Last date for acceptance of sharesUpon relevant pay-out by the Stock exchange

The Anup Engineering Buyback is being offered at Rs ₹800 per share per equity share.

There is no ratio applicable in case of open market offer through stock exchange mechanism.

There is no concept of record date in case of open market 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.


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