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“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.
| Issue Period | Feb 24, 2021 - Aug 23, 2021 |
| Security Name | The Anup Engineering Limited |
| Issue Type | Open Market Through Stock Exchange |
| Issue Size (Amount) | ₹25.00 Crores |
| Buyback Price | ₹800 per share |
| Face Value | ₹10 per share |
| Listing At | BSE, NSE |
| 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 |
| 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 |
| 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 |
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.
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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
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
Lead Manager(s)
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 Date | Feb 24, 2021 |
| Buyback Closing Date | Aug 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 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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