Atul Limited Buyback (Atul Buyback) Detail

Feb 10, 2021 - Aug 9, 2021

Incorporated in 1947, Atul Limited is a diverse Indian chemical company. The company serves customers in 90 countries with over 900 products, 400 formulations and owns 140 retail brands. It was the first private sector company inaugurated by India's first Prime Minister. The Company is engaged in the manufacture of a variety of products that meet the needs of its customers belonging to varied industries like Adhesives, Aerospace, Agriculture, Animal Feed, Automobile, Chemical, Composite, Construction, Cosmetic, Defence, Dyestuff, Electrical and Electronics, Flavour, Food, Footwear, Fragrance, Glass, Home Care, Horticulture, Hospitality, Paint and Coatings, Paper, Personal Care, Pharmaceutical, Plastic, Polymer, Rubber, Soap and Detergent, Sport and Leisure, Textile, Tyre, and Wind Energy.

Atul Limited has its manufacturing facilities located at Ankleshwar, Atul and Panoli, Gujarat, and Tarapur, Maharashtra, India. The first manufacturing site of the Company is amongst the greenest chemical complexes in the world. It is also one of the largest integrated chemical companies in India that responsibly manage complex chemical processes. Atul Limited is an ISO certified company with state-of-the-art facilities and procedures to ensure the safety and treatment of gaseous, liquid, and solid pollutants.

Atul Limited is an integrated chemical company serving about 4,000 customers belonging to 30 industries across the world. The Company has its subsidiary companies in the USA, UK, China, Brazil, and UAE to serve its overseas customers.

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Atul Buyback Detail

Issue PeriodFeb 10, 2021 - Aug 9, 2021
Security NameAtul Limited
Issue TypeOpen Market Through Stock Exchange
Issue Size (Amount)₹50.00 Crores
Buyback Price₹7250 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 Crores)
31-Mar-20 31-Mar-19 31-Mar-19
Total Income 3,983.27 3,947.17 3,186.02
Profit After Tax 640.17 428.64 270.41
Net Worth 3,070.38 2,649.56 2,197.54

Stock Market Data (for preceding 3 months)

BSE

Month High Price Low Price Average Price
Jan-2021 6791.9 6219.8 6517.29
Dec-2020 6700 5951.1 6222.52
Nov-2020 6660 5868 6269.6

NSE

Month High Price Low Price Average Price
Month High Price Low Price Average Price
Jan-2021 6800 6222 6516.51
Dec-2020 6700 5951 6223.06
Nov-2020 6600 5860 6270.86

Necessity of the Issue

The Buy-back is undertaken by the Company:
i) To return surplus funds to the equity shareholders.
ii) To improve earnings per share by reducing the equity base and lead to a long-term increase in the value of shareholders.

Atul Buyback Documents

Atul Buyback Rating

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Company Contact Information

Atul Limited
Atul House, G I Patel Marg,
Ahmedabad 380 014


Phone: (+91 79) 26461294
Email: shareholders@atul.co.in
Website: https://www.atul.co.in/

Atul 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

Atul Buyback Manager

Lead Manager(s)

  1. Vivro Financial Services Private Limited

Registered Broker

  1. Edelweiss Broking Limited
    Email: nikunj.patel@edelweiss.in

Atul Buyback FAQs

  1. When is Atul Buyback offer coming?

    The Atul Buyback opens on Feb 10, 2021, and closes on Aug 9, 2021.

  2. Which type of buyback is Atul Buyback offer?

    The Atul Buyback is a Open Market Through Stock Exchange.

  3. What is the schedule of activities for Atul Buyback?

    Atul Buyback Schedule

    Buyback Opening DateFeb 10, 2021
    Buyback Closing DateAug 9, 2021
    Last date for acceptance of sharesUpon relevant pay-out by the Stock exchange
  4. What is the offer price for Atul Buyback offer?

    The Atul Buyback is being offered at Rs ₹7250 per share per equity share.

  5. In what ratio is the Atul Buyback offered?

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

  6. What is the record date for Atul Buyback offer?

    There is no concept of record date in case of open market through stock exchange mechanism.

  7. What is the issue size of Atul Buyback?

    The Atul Buyback has announced a buyback for an aggregate amount of not more than Rs. ₹50.00 Crores with pricing of Rs.₹7250 per share.

  8. What is the necessity for Atul Buyback?

    The Buy-back is undertaken by the Company:
    i) To return surplus funds to the equity shareholders.
    ii) To improve earnings per share by reducing the equity base and lead to a long-term increase in the value of shareholders.


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