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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 Period
Security NameDhanuka Agritech Limited
Issue TypeTender Offer
Issue Size (Shares)1,000,000.00
Issue Size (Amount)₹85.00 Crores
Buyback Price₹850 per share
Face Value₹2 per share
Listing AtBSE, NSE

Dhanuka Agritech Buyback Issue Timetable

Offer Opens On
Offer Closes On
Last Date to buy sharesNov 16, 2022
Record DateNov 18, 2022
Last Date for receipt of Tender Forms
Finalisation of Buyback Acceptance
Last Date for settlment of bids
Last Date for Extinguishment of Shares

Buyback Ratio

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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 748 645.55 703
Sep-2022 748.9 630.65 708.7
Aug-2022 725.95 680.8 700.89

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Oct-2022 742 645.6 705.47
Sep-2022 750 631.2 704.47
Aug-2022 726 680 703.8

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: http://www.bigshareonline.com

Dhanuka Agritech Buyback Manager

Lead Manager(s)

  1. Sundae Capital Advisors

Find Dhanuka Agritech Buyback Latest Update

Dhanuka Agritech Buyback FAQs

The Dhanuka Agritech Buyback open and close dates are not available as of now.

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

The Dhanuka Agritech Buyback is a Tender Offer.

Sorry the Dhanuka Agritech Buyback timelines are not available at this time.

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

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You could sell Dhanuka Agritech Buyback on Nov 17, 2022 to remain eligible for buyback. The record date for Dhanuka Agritech Buyback buyback is Nov 18, 2022.

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

The issue size of Dhanuka Agritech Buyback is of 1,000,000.00 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   I Like It. |Report Abuse|  Link|Nov 3, 2022 10:26:44 AMReply
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.
2.2. KAMMA SIVA RAMA KRISHNA   I Like It. |Report Abuse|  Link|Nov 10, 2022 7:06:49 PM
Sir,
Yes, AR is likely to be around not less than 70% because of the size of the buyback. Around Rs.65/- or even Rs.66/- may be a reasonable price. Thank you n all the best.
2.3. Nilaykumar   I Like It. |Report Abuse|  Link|Nov 10, 2022 11:15:48 PM
Thank you and same to you sir🙏
1. FK   I Like It. |Report Abuse|  Link|Nov 8, 2022 12:23:11 PMReply
What the AR in previous buybacks?