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Zerodha (Trading & Demat Account)
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
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Granules India Limited is engaged in the business of manufacturing pharmaceutical products. The company manufactures high-quality API, FD, PFI and Speciality Products with a focus on customer centricity.
Granules India has six facilities located in Bonthapally, Jeedimetla and Gagillapur (Hyderabad), Visakhapatnam and Chantilly (Virginia).
The company business segments are Active Pharmaceutical Ingredient, Pharmaceutical Formulations Intermediates Catalog and Finished Dosages.
| Issue Period | September 27, 2022 - October 11, 2022 |
| Security Name | Granules India Limited |
| Issue Type | Tender Offer |
| Issue Size (Shares) | 6,250,000 |
| Issue Size (Amount) | ₹250.00 Crores |
| Buyback Price | ₹400 per share |
| Face Value | ₹1 per share |
| Listing At | BSE |
| Record Date | August 23, 2022 |
| Offer Opens On | September 27, 2022 |
| Last Date for receipt of Tender Forms | October 11, 2022 |
| Offer Closes On * | October 11, 2022 |
| Finalisation of Buyback Acceptance | October 19, 2022 |
| Last Date for settlment of bids | October 20, 2022 |
| Last Date for Extinguishment of Shares | October 25, 2022 |
| Category | Entitlement Ratio of Buyback |
|---|---|
| Reserved Category for Small Shareholders | 1 Equity Share out of every 20 Fully paid-up Equity Shares held on the Record Date. |
| General Category for all other Eligible Shareholders | 19 Equity Shares out of every 821 Fully paid-up Equity Shares held on the Record Date. |
| Period Ended | Total Revenue | Profit After Tax | Net Worth |
|---|---|---|---|
| 31-Mar-20 | 2635.2 | 335.4 | 1843.72 |
| 31-Mar-21 | 3264.42 | 549.46 | 2173.27 |
| 31-Mar-22 | 3264.42 | 549.46 | 2173.27 |
| Amount in ₹ Crore | |||
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Jul-2022 | 313.25 | 269.05 | 295.66 |
| Jun-2022 | 281.90 | 227.00 | 261.12 |
| May-2022 | 285.00 | 232.15 | 260.33 |
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Jul-2022 | 313.30 | 268.90 | 295.71 |
| Jun-2022 | 282.00 | 226.95 | 261.08 |
| May-2022 | 285.00 | 232.10 | 260.37 |
The buyback is being undertaken for the following reasons:
1. The Buyback will help the Company to distribute surplus cash to its members holding Equity Shares thereby enhancing the overall return for them.
2. The Buyback is generally expected to improve return on equity through the distribution of cash and improve earnings per share by the reduction in the equity base of the Company, thereby leading to a long-term increase in shareholders' value.
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Granules India Limited
2nd Floor, 3rd Block,
My Home Hub, Madhapur,
Hyderabad- 500 081 (TG)
Phone: +91 40 69043500
Email: investorrelations@granulesindia.com
Website: https://granulesindia.com/
Kfin Technologies Limited
KFintech, Tower-B, Plot No 31 & 32,
Financial District, Nanakramguda, Gachibowli,
Hyderabad, Telangana India - 500 032.
Phone: 04067162222, 04079611000
Email: gil.buyback@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
Lead Manager(s)
Registered Broker
The Granules India Buyback opens on September 27, 2022, and closes on October 11, 2022.
The Granules India Buyback last day to buy is not available as of now.
The Granules India Buyback is a Tender Offer.
Granules India Buyback Schedule
| Buyback Opening Date | September 27, 2022 |
| Buyback Closing Date | October 11, 2022 |
| Last Date for receipt of Tender Forms | October 11, 2022 |
| Finalisation of Buyback Acceptance | October 19, 2022 |
| Last Date for settlment of bids | October 20, 2022 |
| Last Date for Extinguishment of Shares | October 25, 2022 |
The Granules India Buyback is being offered at Rs ₹400 per share per equity share.
| Category | Entitlement Ratio of Buyback |
|---|---|
| Reserved Category for Small Shareholders | 1 Equity Share out of every 20 Fully paid-up Equity Shares held on the Record Date. |
| General Category for all other Eligible Shareholders | 19 Equity Shares out of every 821 Fully paid-up Equity Shares held on the Record Date. |
The record date for the Granules India Buyback is August 23, 2022.
The issue size of Granules India Buyback is of 6,250,000 equity shares at ₹400 per share aggregating upto ₹250.00 Crores.
The buyback is being undertaken for the following reasons:
1. The Buyback will help the Company to distribute surplus cash to its members holding Equity Shares thereby enhancing the overall return for them.
2. The Buyback is generally expected to improve return on equity through the distribution of cash and improve earnings per share by the reduction in the equity base of the Company, 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 Granules India 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.
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