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Nov 3, 2022 - May 3, 2023

International Conveyors Limited Buyback (International Conveyors Buyback) Detail

Incorporated in 1978, International Conveyors Limited is engaged in the manufacturing and marketing of solid woven fabric reinforced PVC impregnated and PVC covered fire retardant, anti static conveyor belting. ICL is the second largest manufacturer of PVC solid woven belting in the World and exports over 90% by value of its production.

The company has experience in research and development and manufacture and marketing of conveyor belting for underground mining operations, ICL has emerged as a global leader in Conveyor Belting Products and Services.

The company manufactures the most extensive range of products comprising Type-3 to Type-6 that are the most suitable for meeting Indian requirements and Type-3 to Type-12 that are popular in markets abroad.

International Conveyors Buyback Detail

Issue PeriodNov 3, 2022 - May 3, 2023
Security NameInternational Conveyors Limited
Issue TypeOpen Market Through Stock Exchange
Issue Size (Amount)₹29.70 Crores
Buyback Price₹75 per share
Face Value₹1 per share
Listing AtBSE, NSE

Company Financials

International Conveyors Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxTotal Borrowing
31-Mar-21227.92178.2416.6245.51
31-Mar-22305.13218.7116.1819.31
Amount in ₹ Crore

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Sep-2022 65.5 54.95 60.19
Aug-2022 61.7 57.15 58.68
Jul-2022 61.2 56.2 58.2

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Sep-2022 65.6 55.35 60.22
Aug-2022 61.7 57.3 58.72
Jul-2022 61.5 56.25 58.22

Necessity of the Issue

The Buyback is being undertaken for the following reasons:

The Board of Directors of the Company is of the view that the Buyback will help the Company effectively utilize its available surplus funds, which is in excess of the amount needed to be retained by the Company for the future growth.

International Conveyors Buyback Documents

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Company Contact Information

International Conveyors Limited
10, Middleton Row,
Kolkata,
700071

Phone: 9133 2229 603
Email: icltd@iclbelting.com
Website: https://www.iclbelting.com/

International Conveyors Buyback Registrar

  1. Maheshwari Datamatics Pvt. Ltd
       Maheshwari Datamatics Pvt. Ltd,
       6, Mangoe Lane,
       2nd Floor, Kolkata-700 001

    Phone: 033 22435029 / 22482248
    Email: mdpldc@yahoo.com
    Website: http://www.mdpl.in

International Conveyors Buyback Manager

Find International Conveyors Buyback Latest Update

International Conveyors Buyback FAQs

The International Conveyors Buyback opens on Nov 3, 2022, and closes on May 3, 2023.

The International Conveyors Buyback is a Open Market Through Stock Exchange.

International Conveyors Buyback Schedule

Buyback Opening DateNov 3, 2022
Buyback Closing DateMay 3, 2023
Last date for acceptance of sharesUpon relevant pay-out by the Stock exchange

The International Conveyors Buyback is being offered at Rs ₹75 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 International Conveyors Buyback has announced a buyback for an aggregate amount of not more than Rs. ₹29.70 Crores with pricing of Rs.₹75 per share.

The Buyback is being undertaken for the following reasons:

The Board of Directors of the Company is of the view that the Buyback will help the Company effectively utilize its available surplus funds, which is in excess of the amount needed to be retained by the Company for the future growth.

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 International Conveyors 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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