Tender Offer | ₹85.00 Crores | Listed at BSE, NSE | Mon, Dec 26, 2022 - Fri, Jan 6, 2023
Dhanuka Agritech Ltd. Buyback is a tender offer for the repurchase of up to 0.10 crore equity shares at a buyback price of ₹850 per share with a face value of ₹2 per share, aggregating to ₹85.00 crores.
The record date for determining eligible shareholders is Nov 18, 2022. Shareholders holding equity shares as on the record date are eligible to participate in the buyback.
The buyback opens on Dec 26, 2022 and closes on Jan 6, 2023, with the last date for receipt of tender forms being Jan 9, 2023.
The finalisation of buyback acceptance is expected on Jan 16, 2023, followed by settlement of bids on Jan 17, 2023.
Sundae Capital Advisors Pvt.Ltd. is the Manager to the Buyback and Bigshare Services Pvt.Ltd. is the Registrar and Eureka Stock & Share Broking Services Limited is the Registered Broker to the Buyback.
Investors are advised to refer to the Dhanuka Agritech Ltd. Letter of Offer for detailed information, including eligibility criteria, entitlement ratio, acceptance methodology, and tax implications.
Offer Opening Date
Mon, Dec 26, 2022
Offer Closing Date
Fri, Jan 6, 2023
Buyback Price
₹850 per share
Record Date
November 18, 2022
| 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. |
| Period Ended | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus |
|---|---|---|---|---|
| 31-Mar-20 | 1145.16 | 141.35 | 707.58 | 698.07 |
| 31-Mar-21 | 1421.17 | 210.56 | 796.19 | 786.87 |
| 31-Mar-22 | 1511.36 | 208.89 | 960.42 | 951.1 |
| Amount in ₹ Crore | ||||
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.
| 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 |
| 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 |
The Buyback is being undertaken for the following reasons:
Dhanuka Agritech Ltd.
82, Abhinash Mansion,
First Floor, Joshi Road, Karol Bagh,
New Delhi-110005
New Delhi, New Delhi, 110005
Lead Manager(s)
Registered Broker
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 Date | December 26, 2022 |
| Buyback Closing Date | January 6, 2023 |
| Last Date for receipt of Tender Forms | January 9, 2023 |
| Finalisation of Buyback Acceptance | January 16, 2023 |
| Last Date for settlment of bids | January 17, 2023 |
| Last Date for Extinguishment of Shares | January 24, 2023 |
The Dhanuka Agritech Buyback is being offered at Rs ₹850 per 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 issue size of Dhanuka Agritech Buyback is 10,00,000 equity shares at ₹850 per share aggregating up to ₹85.00 Crores.
The Buyback is being undertaken for the following reasons:
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.
