Mar 26, 2021 - Apr 12, 2021

Bharat Rasayan Limited Buyback (Bharat Rasayan Buyback) Detail

Incorporated in 1989 as a Public Limited Company, Bharat Rasayan Limited (BRL) an ISO 9001:2008 and ISO 14001:2004 certified Company.

It belongs to the Agrochemicals Industry in India. It manufactures Technical Grade Pesticides and Intermediates conforming to International Standards.

The company has two production units. Unit 1 is located in Mokhra village of Rohtak district in Haryana, with a manufacturing capacity of 4260 MT per annum. It facilitates the bulk packaging of formulations. Unit 2 is located at Chemical Approved Economic Zone at Dahej in Gujarat. It manufactures Technical grade pesticides, intermediates, and bulk formulations. Commissioning of the Gujarat plant has enhanced the company's total annual capacity to over 33,000 MT.

Both units have in-house R&D laboratories to ensure consistent quality and act as pilot plants for new products and formulations. The Ministry of Science & Technology has recognized these testing facilities at BRL.

The company became a major stakeholder in the Tata-owned Siris Crop Sciences Ltd. and even acquired it in due course.

Bharat Rasayan Buyback Detail

Issue PeriodMar 26, 2021 - Apr 12, 2021
Security NameBharat Rasayan Limited
Issue TypeTender Offer
Issue Size (Shares)0.01 Crores
Issue Size (Amount)₹107.49 Crores
Buyback Price₹11500 per share
Face Value₹10 per share
Listing AtNSE

Bharat Rasayan Buyback Issue Timetable

Offer Opens OnMar 26, 2021
Offer Closes OnApr 12, 2021
Record DateMar 5, 2021
Last Date for receipt of Tender FormsApr 14, 2021
Finalisation of Buyback AcceptanceApr 20, 2021
Last Date for settlment of bidsApr 22, 2021
Last Date for Extinguishment of SharesApr 29, 2021

Buyback Ratio

Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 12 Equity Shares out of every 79 fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders 19 Equity Shares out of every 994 fully paid-up Equity Shares held on the Record Date.

Company Financials

Summary of financial Information (standalone)
Particulars For the year/period ended (Rs. in Millions)
31-Mar-20 31-Mar-19 31-Mar-18
Total Income 12,318.70 9,946.87 8,130.16
Profit After Tax 1,576.42 1,115.24 983.14
Net Worth 5,641.19 4,088.07 2,982.46

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Jan-2021 10758 9386 10207.92
Dec-2020 10190 8700 9651.52
Nov-2020 9900 8500 9115.15

Necessity of the Issue

The Buy-back is being undertaken by the Company to:
i) To return surplus funds to the Equity Shareholders; and
ii) To help improve financial ratios like earnings per share and return on equity, by reducing the equity base of the Company.

Bharat Rasayan Buyback Documents

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Company Contact Information

Bharat Rasayan Limited
1501, Vikram Tower,
Rajendra Place,
New Delhi – 110008

Phone: +011-43661111

Bharat Rasayan 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

Bharat Rasayan Buyback Manager

Lead Manager(s)

  1. Corporate Professionals Capital Private Ltd

Registered Broker

  1. SMC Global Securities Limited

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