Open Market Through Stock Exchange | ₹186.00 Crores | Listing at BSE, NSE | Thu, Apr 13, 2023 - Thu, Jul 6, 2023
Emami Ltd. Buyback is a tender offer for the repurchase of up to equity shares at a buyback price of ₹450 per share with a face value of ₹1 per share, aggregating to ₹186.00 crores.
The buyback opens on Apr 13, 2023 and closes on Jul 6, 2023.
IIFL Capital Services Ltd. is the Manager to the Buyback and Maheshwari Datamatics Pvt.Ltd. is the Registrar and IIFL Securities Limited is the Registered Broker to the Buyback.
Investors are advised to refer to the Emami Ltd. Letter of Offer for detailed information, including eligibility criteria, entitlement ratio, acceptance methodology, and tax implications.
Offer Opening Date
Thu, Apr 13, 2023
Offer Closing Date
Thu, Jul 6, 2023
Buyback Price
₹450 per share
Record Date
[.]
| Period Ended | Total Revenue | Profit After Tax | Net Worth |
|---|---|---|---|
| 31-Mar-20 | 2,711.95 | 302.30 | 1,823.75 |
| 31-Mar-21 | 2,950.80 | 454.71 | 1,762.65 |
| 31-Mar-22 | 3,287.28 | 836.67 | 2,076.59 |
| Amount in ₹ Crore | |||
Emami Limited, the flagship company of Emami Group, is one of the leading and fastest-growing personal and healthcare businesses in India. The Company has over 300+ products based on Ayurvedic formulations and has a range of product portfolio of household brand names such as BoroPlus, Navratna, Fair and Handsome, Zandu Balm, Mentho Plus Balm, Fast Relief, and Kesh King.
Emami employs more than 3205 people, reaches out to 49 lakh plus retail outlets through a network of over 2800+ distributors, and has invested in 7 plants, 4 regional offices, 1 overseas unit, 8 overseas subsidiaries, 26 distribution centers, and 2 Associates across India.
The Company also has a global presence with its operations spread across 60+ countries including SAARC, MENAP, SEA, Africa, Eastern Europe, and the CIS countries.
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Feb-2023 | 443.00 | 374.90 | 399.73 |
| Jan-2023 | 449.20 | 414.45 | 430.35 |
| Dec-2022 | 480.05 | 408.20 | 445.89 |
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Feb-2023 | 443.20 | 374.80 | 400.08 |
| Jan-2023 | 440.80 | 414.00 | 429.56 |
| Dec-2022 | 481.00 | 410.00 | 441.93 |
The Buyback aims to:
i) Return surplus cash to its Shareholders.
ii) Reduce the outstanding number of equity shares and consequently increase earnings per share and book value per share.
iii) Improve key return ratios like return on equity capital.
Emami Ltd.
Emami Tower, 687
Anandapur E M Bypass,
Kolkatta -700 107, West Bengal
Anand, Gujarat
Lead Manager(s)
Registered Broker
The Emami Limited Buyback 2023 opens on April 13, 2023, and closes on July 6, 2023.
The Emami Limited Buyback 2023 is a Open Market Through Stock Exchange.
Emami Limited Buyback 2023 Schedule
| Buyback Opening Date | April 13, 2023 |
| Buyback Closing Date | July 6, 2023 |
| Last date for acceptance of shares | Upon relevant pay-out by the Stock exchange |
The Emami Limited Buyback 2023 is being offered at Rs ₹450 per share.
There is no ratio applicable in case of open market offer through stock exchange mechanism.
The Emami Limited Buyback 2023 has announced a buyback for an aggregate amount of not more than Rs. ₹186.00 Crores with pricing of Rs. ₹450 per share.
The Buyback aims to:
i) Return surplus cash to its Shareholders.
ii) Reduce the outstanding number of equity shares and consequently increase earnings per share and book value per share.
iii) Improve key return ratios like return on equity capital.
Any equity shareholder holding the shares in Demat form can participate in the buyback offer through their stockbroker. The physical shareholder can participate only once the shares get converted into a Dematerialized form.
The shareholder needs to inform their broker on the details of the Equity shares they wish to sell. The broker will place a sell order whenever the company places a buy order for the buyback. The trade would get executed at the offer price or lesser only when the price offered by the shareholder matches with the buy order placed by the company.
The Emami Limited Buyback 2023 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.
