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Sep 27, 2022 - Oct 11, 2022

Granules India Limited Buyback (Granules India Buyback) Detail

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.

Granules India Buyback Detail

Issue PeriodSep 27, 2022 - Oct 11, 2022
Security NameGranules India Limited
Issue TypeTender Offer
Issue Size (Shares)0.63 Crores
Issue Size (Amount)₹250.00 Crores
Buyback Price₹400 per share
Face Value₹1 per share
Listing AtBSE

Granules India Buyback Issue Timetable

Offer Opens OnSep 27, 2022
Offer Closes OnOct 11, 2022
Record DateAug 23, 2022
Last Date for receipt of Tender FormsOct 11, 2022
Finalisation of Buyback AcceptanceOct 19, 2022
Last Date for settlment of bidsOct 20, 2022
Last Date for Extinguishment of SharesOct 25, 2022

Buyback Ratio

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.

Company Financials

Granules India Limited Financial Information (Restated)
Period EndedTotal RevenueProfit After TaxNet Worth
31-Mar-202635.2335.41843.72
31-Mar-213264.42549.462173.27
31-Mar-223264.42549.462173.27
Amount in ₹ Crore

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Jul-2022 313.25 269.05 295.66
Jun-2022 281.9 227 261.12
May-2022 285 232.15 260.33

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Jul-2022 313.3 268.9 295.71
Jun-2022 282 226.95 261.08
May-2022 285 232.1 260.37

Necessity of the Issue

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.

Granules India Buyback Documents

Granules India Buyback Rating

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Company Contact Information

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/

Granules India Buyback Registrar

  1. 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://karisma.kfintech.com/

Granules India Buyback Manager

Lead Manager(s)

  1. Motilal Oswal Investment Advisors Pvt Ltd

Registered Broker

  1. Motilal Oswal Financial Services Limited
    Email: ksharma@motilaloswal.com

Find Granules India Buyback Latest Update

Granules India Buyback FAQs

The Granules India Buyback opens on Sep 27, 2022, and closes on Oct 11, 2022.

The Granules India Buyback is a Tender Offer.

Granules India Buyback Schedule

Buyback Opening DateSep 27, 2022
Buyback Closing DateOct 11, 2022
Last Date for receipt of Tender FormsOct 11, 2022
Finalisation of Buyback AcceptanceOct 19, 2022
Last Date for settlment of bidsOct 20, 2022
Last Date for Extinguishment of SharesOct 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.

You could sell Granules India Buyback on Aug 22, 2022 to remain eligible for buyback. The record date for Granules India Buyback buyback is Aug 23, 2022.

The record date for the Granules India Buyback is Aug 23, 2022.

The issue size of Granules India Buyback is of 0.63 Crores 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.


10 Comments

10. Gopallal laxminarayan Bangur   I Like It. | Report Abuse |   Link | Sep 27, 2022 10:59:56 PM Reply
In last buy back in 2020 the acceptance ratio was 100 percent .As there were 285000 against reservation of 1250000 share for retail share holders .

9. Niranjan   I Like It. | Report Abuse |   Link | Sep 19, 2022 1:16:13 PM Reply
I have 650 shares on record date i.e 23 August 2022. As per Information (1 share will get for every 20 shares held) i can sell 32 shares in buy back. Can i sell remaining 618 shares and offer 32 shares in buy back fully
9.2. ANJAY AMBASTA   I Like It. | Report Abuse |   Link | Sep 24, 2022 9:55:11 PM
IF IT IS SO THEN VERY GOOD. I WANT MORE CLARIFICATION ON THIS AS YOUR ENTITLEMENT OF 32 SHARES IS FOR 550 SHARES HELD ON RECORD. IF YOU NOW APPLY ONLY 32 SHARES WILL ACCEPTANCE WILL NOT BE REDUCED PROPOSTIONATELY IF AR AND ER IS SAME.
9.3. Pranav   I Like It. | Report Abuse |   Link | Sep 27, 2022 1:41:38 PM
If you apply for 32, all 32 will be accepted since this is as per your entitlement. If you offer more than 32 then your accepted shared will be 32+ and this will be decided basis what others tender.
8. Hiren savani   I Like It. | Report Abuse |   Link | Sep 15, 2022 1:21:29 PM Reply
Accepted date .????
8.1. KESHAV GEHLOT   I Like It. | Report Abuse |   Link | Sep 27, 2022 10:04:08 AM
OCT 19 2022
7. Aditya   I Like It. | Report Abuse |   Link | Sep 27, 2022 9:39:41 AM Reply
Hello all members, can someone please guide on how I can pledge my Granules shares that I have for Buyback.. I don't have any idea on how to offer my current shares for buyback.. I have 140 shares as on record date so I can offer 7 for buyback.. I have got an email as well but not sure of the next steps now.
6. Kajal Kanti Das   I Like It. | Report Abuse |   Link | Sep 22, 2022 3:57:47 PM Reply
Since I hold the shares of Granules in demat form in NSE, how can I participate in the buyback online since the company is doing the buyback under BSE? Pl. be kind to explain sir.
5. KAMMA SIVA RAMA KRISHNA   I Like It. | Report Abuse |   Link | Sep 21, 2022 3:41:32 PM Reply
SP Apparels Ltd on Wednesday announced that its board has approved share buyback of 6 lakh shares at ₹585 apiece. The Buyback is proposed to be undertaken from the equity shareholders of the company as on the record date i.e. October 07, 2022 on a proportionate basis, through the Tender Offer route.
4. Raj   I Like It. | Report Abuse |   Link | Sep 18, 2022 10:07:04 PM Reply
I had 550 shares on record date but have not received Entitlement email. Is there any way to check my entitlement ratio ?
3. REDHAT   I Like It. | Report Abuse |   Link | Sep 18, 2022 10:33:52 PM Reply
I had 550 granules shares on record date but I have not received any entitlement email. Is there any way that I can check my entitlement ratio ?
3.1. KAMMA SIVA RAMA KRISHNA   I Like It. | Report Abuse |   Link | Sep 21, 2022 9:41:34 AM
Sir,
Please also check the spasm folder in the mail box as in many cases I have noticed that the mail was found in the spasm.
2. Gagan   I Like It. | Report Abuse |   Link | Sep 16, 2022 2:47:49 PM Reply
Please tell about open date
2.1. ANJAY AMBASTA   I Like It. | Report Abuse |   Link | Sep 17, 2022 9:32:04 AM
27 SEP TO 11 OCT
1. vinodsokli   I Like It. | Report Abuse |   Link | Aug 31, 2022 1:42:59 PM Reply
expected ER & AR ??????