Open Market Through Stock Exchange | ₹70.00 Crores | Listing at BSE, NSE | Thu, Apr 7, 2022 - Mon, May 9, 2022
Atul Ltd. Buyback is a tender offer for the repurchase of up to equity shares at a buyback price of ₹11000 per share with a face value of ₹10 per share, aggregating to ₹70.00 crores.
The buyback opens on Apr 7, 2022 and closes on May 9, 2022.
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
Thu, Apr 7, 2022
Offer Closing Date
Mon, May 9, 2022
Buyback Price
₹11000 per share
Record Date
[.]
| Particulars | For the year/period ended (Rs. in Crores) | ||
|---|---|---|---|
| 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | |
| Total Income | 3,834.45 | 4,171.10 | 4,072.67 |
| Profit After Tax | 660.02 | 670.91 | 436.02 |
| Net Worth | 3,826.52 | 3,154.90 | 2,705.71 |
Atul Ltd is an integrated chemical provider company in India. It manufactures about 1,350 products and formulations through its state-of-the-art facilities. The business serves around 4000 customers across 30 countries all over the world.
The company also has subsidiaries in the USA, UK, China, Brazil, and the UAE. It has established a joint venture with renowned multi-national companies like American Cyanamid Company (now a part of BASF AG and Pfizer Inc), Imperial Chemical Industries plc (now a part of Akzo Nobel and Astra Zeneca plc), and Ciba-Geigy Ltd (now a part of BASF AG and Huntsman Corporation).
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Feb-2022 | 9,852.10 | 8,627.90 | 9,361.13 |
| Jan-2022 | 10,859.00 | 8,966.80 | 9,709.73 |
| Dec-2021 | 9,121.75 | 8,302.30 | 8,787.72 |
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Feb-2022 | 9,899.95 | 8,622.05 | 9,359.34 |
| Jan-2022 | 10,856.80 | 8,964.05 | 9,714.97 |
| Dec-2021 | 9,124.70 | 8,313.45 | 8,784.29 |
The Buy-back aims to:
1. Return surplus funds to the equity shareholders of the Company.
2. Improve earnings per share by reducing the equity base, thereby leading 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 Limited Buyback opens on April 7, 2022, and closes on May 9, 2022.
The Atul Limited Buyback is a Open Market Through Stock Exchange.
Atul Limited Buyback Schedule
| Buyback Opening Date | April 7, 2022 |
| Buyback Closing Date | May 9, 2022 |
| Last date for acceptance of shares | Upon relevant pay-out by the Stock exchange |
The Atul Limited Buyback is being offered at Rs ₹11000 per share.
There is no ratio applicable in case of open market offer through stock exchange mechanism.
The Atul Limited Buyback has announced a buyback for an aggregate amount of not more than Rs. ₹70.00 Crores with pricing of Rs. ₹11000 per share.
The Buy-back aims to:
1. Return surplus funds to the equity shareholders of the Company.
2. Improve earnings per share by reducing the equity base, thereby leading 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 Limited 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.
