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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.
| Issue Period | Feb 10, 2021 - Aug 9, 2021 |
| Security Name | Atul Limited |
| Issue Type | Open Market Through Stock Exchange |
| Issue Size (Amount) | ₹50.00 Crores |
| Buyback Price | ₹7250 per share |
| Face Value | ₹10 per share |
| Listing At | BSE, NSE |
| 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 |
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Jan-2021 | 6,791.90 | 6,219.80 | 6,517.29 |
| Dec-2020 | 6,700.00 | 5,951.10 | 6,222.52 |
| Nov-2020 | 6,660.00 | 5,868.00 | 6,269.60 |
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Jan-2021 | 6,800.00 | 6,222.00 | 6,516.51 |
| Dec-2020 | 6,700.00 | 5,951.00 | 6,223.06 |
| Nov-2020 | 6,600.00 | 5,860.00 | 6,270.86 |
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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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/
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: https://linkintime.co.in/
Lead Manager(s)
Registered Broker
The Atul Buyback opens on Feb 10, 2021, and closes on Aug 9, 2021.
The Atul Buyback is a Open Market Through Stock Exchange.
Atul Buyback Schedule
| Buyback Opening Date | Feb 10, 2021 |
| Buyback Closing Date | Aug 9, 2021 |
| Last date for acceptance of shares | Upon relevant pay-out by the Stock exchange |
The Atul Buyback is being offered at Rs ₹7250 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 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.
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.
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 Atul 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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