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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
Email: investors.brl@bharatgroup.co.in
Website: https://www.bharatgroup.co.in/

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
    Email: bharatrasayan.buyback@linkintime.co.in
    Website: http://www.linkintime.co.in

Bharat Rasayan Buyback Manager

Lead Manager(s)

  1. Corporate Professionals Capital Private Ltd

Registered Broker

  1. SMC Global Securities Limited
    Email: smc@smcindiaonline.com

Find Bharat Rasayan Buyback Latest Update

Bharat Rasayan Buyback FAQs

The Bharat Rasayan Buyback opens on Mar 26, 2021, and closes on Apr 12, 2021.

The Bharat Rasayan Buyback is a Tender Offer.

Bharat Rasayan Buyback Schedule

Buyback Opening DateMar 26, 2021
Buyback Closing DateApr 12, 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

The Bharat Rasayan Buyback is being offered at Rs ₹11500 per share per equity share.

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.

The record date for the Bharat Rasayan Buyback is Mar 5, 2021.

The issue size of Bharat Rasayan Buyback is of 0.01 Crores equity shares at ₹11500 per share aggregating upto ₹107.49 Crores.

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.

All the eligible Shareholders of the Company holding either Physical Shares or Demat Shares as on the Record Date can participate in the buyback offer through their Stock Broker.

The eligible shareholder holding the shares in Demat form needs to inform their broker the details of the Equity shares they wish to tender in the Buyback Offer. The shareholder needs to transfer the tendered shares to a Special account of the clearing corporation. The broker, in turn, would place an order on the stock exchange for the buyback.

The eligible shareholder holding the shares in physical form needs to approach their broker with original share certificates and supporting documents. Upon completion of document verification, the broker places an order on the stock exchange and submits the original share certificate and TRS to the registrar.

The tender form and TRS are optional in the case of Demat shares but mandatory in the case of physical shares.

The Bharat Rasayan 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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