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December 26, 2022 - January 6, 2023

Dhanuka Agritech Limited Buyback (Dhanuka Agritech Buyback) Detail

is one of India's leading agro-chemical Company. The company is listed with the Bombay Stock Exchange and the National Stock Exchange of India.

The company have a PAN-India presence through its marketing offices in all major states across India. Dhanuka Agritech Limited has 3 manufacturing units with 39 warehouses and a network of over 8 branch offices across the Indian geography caters to 6500 Distributors & around 75,000 Dealers.

Dhanuka's workforce with more than 1000 techno-commercial staff, supported by a strong R&D division and a robust distribution network helps Dhanuka to reach out to approximately 10 million Indian farmers with its products and services.

Dhanuka Agritech Buyback Detail

Issue PeriodDecember 26, 2022 - January 6, 2023
Security NameDhanuka Agritech Limited
Issue TypeTender Offer
Issue Size (Shares)1,000,000
Issue Size (Amount)₹85.00 Crores
Buyback Price₹850 per share
Face Value₹2 per share
Listing AtBSE, NSE

Dhanuka Agritech Buyback Issue Timetable

Last Date to buy sharesNovember 16, 2022
Record DateNovember 18, 2022
Offer Opens OnDecember 26, 2022
Last Date for receipt of Tender FormsJanuary 9, 2023
Offer Closes On *January 6, 2023
Finalisation of Buyback AcceptanceJanuary 16, 2023
Last Date for settlment of bidsJanuary 17, 2023
Last Date for Extinguishment of SharesJanuary 24, 2023

Buyback Ratio

Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 4 Equity Share out of every 33 Fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders 3 Equity Shares out of every 160 Fully paid-up Equity Shares held on the Record Date.

Company Financials

Dhanuka Agritech Limited Financial Information (Restated)
Period EndedTotal RevenueProfit After TaxNet WorthReserves and Surplus
31-Mar-201145.16141.35707.58698.07
31-Mar-211421.17210.56796.19786.87
31-Mar-221511.36208.89960.42951.1
Amount in ₹ Crore

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Oct-2022 748.00 645.55 703.00
Sep-2022 748.90 630.65 708.70
Aug-2022 725.95 680.80 700.89

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Oct-2022 742.00 645.60 705.47
Sep-2022 750.00 631.20 704.47
Aug-2022 726.00 680.00 703.80

Necessity of the Issue

The Buyback is being undertaken for the following reasons:

  1. The Buyback will help the Company to return surplus cash to its shareholders holding Equity Shares broadly in proportion to their shareholding, thereby, enhancing the overall return to shareholders.
  2. The Buyback may help in improving return on equity, by the reduction in the equity base, thereby leading to a long-term increase in shareholders' value.

Dhanuka Agritech Buyback Documents

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Company Contact Information

Dhanuka Agritech Limited
82, Abhinash Mansion,
First Floor, Joshi Road, Karol Bagh,
New Delhi-110005

Phone: +91-11-23534551
Email: Investors@dhanuka.com
Website: http://investors@dhanuka.com

Dhanuka Agritech Buyback Registrar

  1. Bigshare Services Pvt Ltd
       1st Floor, Bharat Tin Works Building,
       Opp. Vasant Oasis,Makwana Road,
       Marol, Andheri(E), Mumbai - 400 059

    Phone: +91-22-6263 8200
    Email: buybackoffer@bigshareonline.com
    Website: https://ipo.bigshareonline.com/ipo_status.html

Dhanuka Agritech Buyback Manager

Lead Manager(s)

  1. Sundae Capital Advisors

Registered Broker

  1. Eureka Stock & Share Broking Services Limited
    Email:

Find Dhanuka Agritech Buyback Latest Update

Dhanuka Agritech Buyback FAQs

The Dhanuka Agritech Buyback opens on December 26, 2022, and closes on January 6, 2023.

Last date to be eligible to participate in buyback is November 16, 2022.

The Dhanuka Agritech Buyback is a Tender Offer.

Dhanuka Agritech Buyback Schedule

Buyback Opening DateDecember 26, 2022
Buyback Closing DateJanuary 6, 2023
Last Date for receipt of Tender FormsJanuary 9, 2023
Finalisation of Buyback AcceptanceJanuary 16, 2023
Last Date for settlment of bidsJanuary 17, 2023
Last Date for Extinguishment of SharesJanuary 24, 2023

The Dhanuka Agritech Buyback is being offered at Rs ₹850 per share per equity share.

Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 4 Equity Share out of every 33 Fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders 3 Equity Shares out of every 160 Fully paid-up Equity Shares held on the Record Date.

The record date for the Dhanuka Agritech Buyback is November 18, 2022.

The issue size of Dhanuka Agritech Buyback is of 1,000,000 equity shares at ₹850 per share aggregating upto ₹85.00 Crores.

The Buyback is being undertaken for the following reasons:

  1. The Buyback will help the Company to return surplus cash to its shareholders holding Equity Shares broadly in proportion to their shareholding, thereby, enhancing the overall return to shareholders.
  2. The Buyback may help in improving return on equity, by the reduction in the equity base, thereby leading to a long-term increase in shareholders' value.

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 Dhanuka Agritech 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.


2 Comments

2. KAMMA SIVA RAMA KRISHNA     Link|November 3, 2022 9:26:44 AM
AR was low in the previous buyback of 2020. But now, We may consider this buyback with small amount as things will not be the same forever. I am hopefully looking forward. All the best to all of you.
2.7. KAMMA SIVARAMAKRISHNA     Link|January 12, 2023 8:28:27 PM
RPM,
Received the payment. I have sold almost all the unaccepted shares today.
2.8. ValueSeeker     Link|January 13, 2023 12:51:48 AM
My balance unaccepted shares weren't visible in my demat account today, i.e. on 12th Jan. Can anybody guide me, by when are they expected to be visible in normal course?
1. FK     Link|November 8, 2022 11:23:11 AM
What the AR in previous buybacks?

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