Open Market Through Stock Exchange | ₹162.00 Crores | Listing at BSE, NSE | Wed, Feb 9, 2022 - Mon, Aug 8, 2022
Emami Ltd. Buyback is a tender offer for the repurchase of up to equity shares at a buyback price of ₹550 per share with a face value of ₹1 per share, aggregating to ₹162.00 crores.
The buyback opens on Feb 9, 2022 and closes on Aug 8, 2022.
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
Wed, Feb 9, 2022
Offer Closing Date
Mon, Aug 8, 2022
Buyback Price
₹550 per share
Record Date
[.]
| Particulars | For the year/period ended (Rs. in Millions) | ||
|---|---|---|---|
| 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | |
| Total Income | 29,508.00 | 27,119.50 | 27,295.30 |
| Profit After Tax | 4,547.10 | 3,023.00 | 3,025.30 |
| Net Worth | 17,626.50 | 18,237.50 | 20,760.60 |
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.
The Company has recently entered into the Home Hygiene Category with the launch of its EMASOL Range of Products.
Emami employs more than 3100 people, reaches out to 45 lakh plus retail outlets through a network of over 2800+ distributors, and has invested in 7 plants, 4 regional offices, 1 overseas unit, 7 overseas subsidiaries, 26 distribution centres, and 2 Associates across India. The Company also has a global presence with its operations spread across 60+ countries.
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Jan-2022 | 535.00 | 466.05 | 499.89 |
| Dec-2021 | 555.00 | 504.00 | 536.24 |
| Nov-2021 | 578.65 | 502.80 | 537.45 |
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Jan-2022 | 534.80 | 466.00 | 497.73 |
| Dec-2021 | 555.00 | 504.05 | 528.04 |
| Nov-2021 | 578.50 | 503.00 | 537.48 |
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 Ltd Buyback opens on February 9, 2022, and closes on August 8, 2022.
The Emami Ltd Buyback is a Open Market Through Stock Exchange.
Emami Ltd Buyback Schedule
| Buyback Opening Date | February 9, 2022 |
| Buyback Closing Date | August 8, 2022 |
| Last date for acceptance of shares | Upon relevant pay-out by the Stock exchange |
The Emami Ltd Buyback is being offered at Rs ₹550 per share.
There is no ratio applicable in case of open market offer through stock exchange mechanism.
The Emami Ltd Buyback has announced a buyback for an aggregate amount of not more than Rs. ₹162.00 Crores with pricing of Rs. ₹550 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 Ltd 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.
