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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.
| Issue Period | Jun 22, 2022 - Jul 5, 2022 |
| Security Name | Asahi Songwon Colors Limited |
| Issue Type | Tender Offer |
| Issue Size (Shares) | 0.02 Crores |
| Issue Size (Amount) | ₹9.60 Crores |
| Buyback Price | ₹400 per share |
| Face Value | ₹10 per share |
| Listing At | BSE, NSE |
| Offer Opens On | Jun 22, 2022 |
| Offer Closes On | Jul 5, 2022 |
| Record Date | Jun 3, 2022 |
| Last Date for receipt of Tender Forms | Jul 5, 2022 |
| Finalisation of Buyback Acceptance | Jul 12, 2022 |
| Last Date for settlment of bids | Jul 13, 2022 |
| Last Date for Extinguishment of Shares | Jul 20, 2022 |
| 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. |
| 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 |
| 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 |
| 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 |
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.
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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
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/
Lead Manager(s)
Registered Broker
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