Open Market Through Stock Exchange | ₹50.00 Crores | Listing at BSE, NSE | Wed, Feb 10, 2021 - Mon, Aug 9, 2021
Atul Ltd. Buyback is a tender offer for the repurchase of up to equity shares at a buyback price of ₹7250 per share with a face value of ₹10 per share, aggregating to ₹50.00 crores.
The buyback opens on Feb 10, 2021 and closes on Aug 9, 2021.
Vivro Financial Services Pvt.Ltd. is the Manager to the Buyback and MUFG Intime India Pvt.Ltd. is the Registrar and Edelweiss Broking Limited is the Registered Broker to the Buyback.
Investors are advised to refer to the Atul 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
Mon, Aug 9, 2021
Buyback Price
₹7250 per share
Record Date
[.]
| 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 |
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.
| 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.
Atul Ltd.
Atul House, G I Patel Marg,
Ahmedabad 380 014
Ahmedabad, Gujarat, 380014
Lead Manager(s)
Registered Broker
The Atul Buyback opens on February 10, 2021, and closes on August 9, 2021.
The Atul Buyback is a Open Market Through Stock Exchange.
Atul Buyback Schedule
| Buyback Opening Date | February 10, 2021 |
| Buyback Closing Date | August 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.
There is no ratio applicable in case of open market offer 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.
