Tender Offer | ₹8.14 Crores | Listed at BSE, NSE | Wed, Feb 10, 2021 - Wed, Feb 24, 2021
Archidply Industries Ltd. Buyback is a tender offer for the repurchase of up to 0.22 crore equity shares at a buyback price of ₹37 per share with a face value of ₹10 per share, aggregating to ₹8.14 crores.
The record date for determining eligible shareholders is Jan 19, 2021. Shareholders holding equity shares as on the record date are eligible to participate in the buyback.
The buyback opens on Feb 10, 2021 and closes on Feb 24, 2021, with the last date for receipt of tender forms being Feb 26, 2021.
The finalisation of buyback acceptance is expected on Mar 4, 2021, followed by settlement of bids on Mar 5, 2021.
Novus Capital Advisors Private Limited is the Manager to the Buyback and Skyline Financial Services Pvt.Ltd. is the Registrar and K K Securities Limited is the Registered Broker to the Buyback.
Investors are advised to refer to the Archidply Industries Ltd. Letter of Offer for detailed information, including eligibility criteria, entitlement ratio, acceptance methodology, and tax implications.
Offer Opening Date
Wed, Feb 10, 2021
Offer Closing Date
Wed, Feb 24, 2021
Buyback Price
₹37 per share
Record Date
January 19, 2021
| Category | Entitlement Ratio of Buyback |
|---|---|
| Reserved Category for Small Shareholders | 31 Equity Shares out of every 311 Equity Shares held on the Record Date. |
| General Category for all other Eligible Shareholders | 30 Equity Shares out of every 301 Equity Shares held on the Record Date. |
| Particulars | For the year/period ended (Rs. in Millions) | ||
|---|---|---|---|
| 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | |
| Total Income | 2,684.81 | 3,319.90 | 3,116.62 |
| Profit After Tax | 37.78 | 44.63 | 25.09 |
| Net Worth | 887.83 | 1,363.74 | 1,319.20 |
Incorporated in 1995, Archidply Industries Limited is one of the leading Plywood companies in India. Archidply Industries is the flagship company of the Archidply group that has been associated with plywood manufacturing for more than 40 years under the brand Archidply. The company is a state-of-the-art manufacturer of wood panel products, plywood, laminates, and decorative surfacing products. Archidply Industries is the first company to give India its first-ever toxin check technology plywood.
Archidply has manufacturing facilities in Rudrapur, Mysore, and Assam with Installed capacity to manufacture products worth 75 million USD. The company has 1500 Employees, 20 Sales Offices, 7 Warehouses & a 2000 Dealer network covering 27 states of India.
Archidply Industries caters to a wide range of customers based in India and overseas with its excellent product portfolio of Plywood sheets, Doors, and Densified Film faced plywood.
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Dec-2020 | 35.05 | 26.60 | 29.30 |
| Nov-2020 | 29.50 | 24.50 | 24.64 |
| Oct-2020 | 26.90 | 21.00 | 24.87 |
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Dec-2020 | 35.05 | 26.60 | 29.49 |
| Nov-2020 | 29.50 | 25.05 | 26.86 |
| Oct-2020 | 26.90 | 23.05 | 24.95 |
The Buyback is being undertaken by the Company to:
i) Return surplus funds to its equity shareholders.
ii) Achieve optimal capital structure, and
iii) To help improve financial ratios like earnings per share and return on equity.
Archidply Industries Ltd.
Plot No. 7, Sector-9,
Integrated Industrial Estate, Sidcul, Pant Nagar,
Rudrapur, Udham Singh Nagar, Uttrakhand- 263153
Udham Singh Nagar, Uttarakhand, 263153
Skyline Financial Services Pvt.Ltd.
Lead Manager(s)
Registered Broker
The Archidply Industries Buyback opens on February 10, 2021, and closes on February 24, 2021.
The Archidply Industries Buyback last day to buy is not available as of now.
The Archidply Industries Buyback is a Tender Offer.
Archidply Industries Buyback Schedule
| Buyback Opening Date | February 10, 2021 |
| Buyback Closing Date | February 24, 2021 |
| Last Date for receipt of Tender Forms | February 26, 2021 |
| Finalisation of Buyback Acceptance | March 4, 2021 |
| Last Date for settlment of bids | March 5, 2021 |
| Last Date for Extinguishment of Shares | March 13, 2021 |
The Archidply Industries Buyback is being offered at Rs ₹37 per share.
| Category | Entitlement Ratio of Buyback |
|---|---|
| Reserved Category for Small Shareholders | 31 Equity Shares out of every 311 Equity Shares held on the Record Date. |
| General Category for all other Eligible Shareholders | 30 Equity Shares out of every 301 Equity Shares held on the Record Date. |
The issue size of Archidply Industries Buyback is 22,00,000 equity shares at ₹37 per share aggregating up to ₹8.14 Crores.
The Buyback is being undertaken by the Company to:
i) Return surplus funds to its equity shareholders.
ii) Achieve optimal capital structure, and
iii) To help improve financial ratios like earnings per share and return on equity.
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 Archidply Industries 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.
