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Apr 12, 2021 - Oct 11, 2021

Insecticides (India) Limited Buyback (Insecticides India Buyback) Detail

Insecticides (India) Limited was incorporated in December 1996. The Company manufactures Agro-Chemicals, Pesticides, and Technical Products for agriculture purposes. Their products include insecticides, fungicides, herbicides, and biological products to improve the soil quality. Insecticides (India) Limited’s state-of-the-art formulation and technical synthesis plants have steered Indian farmers to improve their products’ quality with new age science and products. The Company caters to both domestic and international markets.

Insecticides India Buyback Detail

Issue PeriodApr 12, 2021 - Oct 11, 2021
Security NameInsecticides (India) Limited
Issue TypeOpen Market Through Stock Exchange
Issue Size (Amount)₹60.00 Crores
Buyback Price₹575 per share
Face Value₹10 per share
Listing AtBSE, NSE

Company Financials

Summary of financial Information (Consolidated)
Particulars For the year/period ended (Rs. in Lakhs)
31-Mar-20 31-Mar-19 31-Mar-18
Total Income 136,578.51 119,425.31 110,963.53
Profit After Tax 8,604.06 12,240.67 8,397.36
Net Worth 73,225.47 66,143.27 54,387.14

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Mar-2021 508 405 457.06
Feb-2021 536.8 440 474.25
Jan-2021 522.35 421.5 481.37

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Mar-2021 509.5 405.1 456.75
Feb-2021 537.85 450.15 474.36
Jan-2021 523 449.6 481.26

Necessity of the Issue

The Buy-back is being undertaken by the Company to:
i) Return surplus funds to the shareholders;
ii) Improve return on equity; and
iii) Improve earnings per share by reducing the equity base.

Insecticides India Buyback Documents

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Company Contact Information

Insecticides (India) Limited
401-402, Lusa Tower,
Azadpur Commercial Complex,
Delhi -110033

Phone: +91-11-27679700
Email: investor@insecticidesindia.com
Website: https://www.insecticidesindia.com/

Insecticides India Buyback Registrar

  1. Alankit Assignments Ltd
       Alankit House 2E/21,
       Jhandewalan Extension,
       New Delhi - 110055

    Phone: (011) 4254 1234
    Email: rameshk1@alankit.com
    Website: https://www.alankit.com/

Insecticides India Buyback Manager

Lead Manager(s)

  1. JM Financial Consultants Private Limited

Registered Broker

  1. JM Financial Services Limited
    Email: Sanjay.bhatia@jmfl.com

Find Insecticides India Buyback Latest Update

Insecticides India Buyback FAQs

The Insecticides India Buyback opens on Apr 12, 2021, and closes on Oct 11, 2021.

The Insecticides India Buyback is a Open Market Through Stock Exchange.

Insecticides India Buyback Schedule

Buyback Opening DateApr 12, 2021
Buyback Closing DateOct 11, 2021
Last date for acceptance of sharesUpon relevant pay-out by the Stock exchange

The Insecticides India Buyback is being offered at Rs ₹575 per share per equity share.

There is no ratio applicable in case of open market offer through stock exchange mechanism.

There is no concept of record date in case of open market through stock exchange mechanism.

The Insecticides India Buyback has announced a buyback for an aggregate amount of not more than Rs. ₹60.00 Crores with pricing of Rs.₹575 per share.

The Buy-back is being undertaken by the Company to:
i) Return surplus funds to the shareholders;
ii) Improve return on equity; and
iii) Improve earnings per share by reducing the equity base.

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 Insecticides 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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