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Jun 22, 2022 - Jul 5, 2022

Asahi Songwon Colors Limited Buyback (Asahi Songwon Colors Buyback) Detail

Asahi Songwon Colors Ltd. is engaged in the business of manufacturing pigments and colours. Asahi Songwon Colors Ltd. exports products to leading MNCs around the world on account of the quality of its products. The company's manufacturing facilities are located at Padra (Vadodara), manufacturing CPC Blue Crude and Beta Blue pigment and has an installed capacity of 11400 tonnes per annum.

Asahi Songwon Colors Buyback Detail

Issue PeriodJun 22, 2022 - Jul 5, 2022
Security NameAsahi Songwon Colors Limited
Issue TypeTender Offer
Issue Size (Shares)0.02 Crores
Issue Size (Amount)₹9.60 Crores
Buyback Price₹400 per share
Face Value₹10 per share
Listing AtBSE, NSE

Asahi Songwon Colors Buyback Issue Timetable

Offer Opens OnJun 22, 2022
Offer Closes OnJul 5, 2022
Record DateJun 3, 2022
Last Date for receipt of Tender FormsJul 5, 2022
Finalisation of Buyback AcceptanceJul 12, 2022
Last Date for settlment of bidsJul 13, 2022
Last Date for Extinguishment of SharesJul 20, 2022

Buyback Ratio

Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 4 Equity Share out of every 119 Fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders 17 Equity Shares out of every 913 Fully paid-up Equity Shares held on the Record Date.

Company Financials

Summary of financial Information (Consolidated)
Particulars For the year/period ended (Rs. in Lakhs)
  31-Mar-22 31-Mar-21 31-Mar-20
Total Income 41,626.44 28,339.04 28,442.40
Profit After Tax 1,465.07 3,194.62 2,282.63
Net Worth 24,237.49 22,722.48 20,945.02
Reserves and Surplus 23,034.76 21,519.75 19,717.79

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
May-2022 346.45 277.05 308.18
Apr-2022 309.35 257.25 276.02
Mar-2022 309.55 226 268.69

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
May-2022 325 275.55 295.72
Apr-2022 348 278 307.95
Mar-2022 309 255 275.91

Necessity of the Issue

The buyback is being undertaken for the following reasons:

1. The Buyback would help in improving its return on equity, by reducing the equity base, thereby leading to a long term increase in shareholders' value.

2. The Buyback will help the company to distribute surplus cash to its shareholders holding Equity shares broadly to the proportion of their shareholding, thereby, enhancing the overall return to shareholders.

Asahi Songwon Colors Buyback Documents

Asahi Songwon Colors Buyback Rating

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Company Contact Information

Asahi Songwon Colors Limited
“Asahi House” 13, Aaryans Corporate Park,
Near Shilaj Railway Crossing,
Thaltej - Shilaj road, Thaltej, Ahmedabad, 380059

Phone: 079 6832 5000
Email: admin@asahisongwon.com
Website: https://www.asahisongwon.com/index.html

Asahi Songwon Colors 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: asahisongwon.buyback2022@linkintime.co.in
    Website: https://linkintime.co.in/

Asahi Songwon Colors Buyback Manager

Lead Manager(s)

  1. Systematix Corporate Services Limited

Registered Broker

  1. Systematix Shares and Stocks (India) Limited
    Email: compliance@systematixgroup.in

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